Source - LSE Regulatory
RNS Number : 1004W
Vertu Motors PLC
08 December 2023
 

8 December 2023




Vertu Motors plc

 




("Vertu Motors" or the "Company")





Transaction in Own Shares

 








Vertu Motors plc (AIM: VTU) announces that on 7 December 2023 it purchased 749,096 ordinary shares of 10p each in the Company (the "Repurchased Shares"), pursuant to the share buyback programme (the "Buyback Programme") that was announced on 9 October 2023, as follows (together the "Transaction"):                                 





Date of purchase


7 December 2023

Number of ordinary shares purchased

749,096


Highest price paid per ordinary share

68 pence

Lowest price paid per ordinary share

64.5 pence


Volume weighted average price paid per ordinary share

65.6505 pence





Application will be made for the Repurchased Shares to be cancelled. Following the cancellation of the Repurchased Shares, the total number of ordinary shares with voting rights will be 340,003,660 which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Vertu Motors under the FCA's Disclosure Guidance and Transparency Rules. The Company holds no shares in treasury.





The Company will make further announcements in due course following the completion of any further purchases pursuant to the Buyback Programme.     





In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 details of the purchase of its own ordinary shares by Vertu Motors, which were all executed through the Company's broker, Zeus Capital Limited ("Zeus"), are set out below:





Schedule of Purchases: 

 



Shares purchased:        

Vertu Motors plc (ISIN: GB00B1GK4645)

Date of purchases:        

7 December 2023







Aggregate information:

 







Aggregated Volume

Volume-weighted
average price (pence)

Venue

 

749,096

65.6505

London Stock Exchange









Individual transactions:

 







49,096

68.00 pence

08:28 UK


10,919

67.50 pence

08:38 UK


7,897

67.50 pence

08:38 UK


10,981

67.50 pence

08:38 UK


7,835

67.50 pence

08:38 UK


784

67.50 pence

08:38 UK


6,211

67.50 pence

08:38 UK


5,373

67.50 pence

08:44 UK


4,892

67.00 pence

08:45 UK


5,026

67.00 pence

08:45 UK


5,003

67.00 pence

08:45 UK


10,029

67.00 pence

08:45 UK


2,305

67.00 pence

08:45 UK


12,789

67.00 pence

08:45 UK


5,519

67.00 pence

08:45 UK


4,437

67.00 pence

08:45 UK


14,783

66.00 pence

08:48 UK


401

66.00 pence

08:48 UK


14,382

66.00 pence

08:48 UK


6,172

66.00 pence

08:48 UK


729

66.00 pence

08:48 UK


2,000

66.00 pence

08:48 UK


123

66.00 pence

08:48 UK


5,882

66.00 pence

08:48 UK


5,528

66.00 pence

08:48 UK


16,634

65.50 pence

09:00 UK


275

65.50 pence

09:00 UK


10,606

65.50 pence

09:00 UK


7,847

65.50 pence

09:00 UK


5,753

65.50 pence

09:00 UK


707

65.50 pence

09:00 UK


392

65.50 pence

09:00 UK


7,786

65.50 pence

09:00 UK


11,188

65.00 pence

09:03 UK


843

65.00 pence

09:03 UK


843

65.00 pence

09:03 UK


6,065

65.00 pence

09:03 UK


6,065

65.00 pence

09:03 UK


8,327

65.00 pence

09:03 UK


189

65.00 pence

09:03 UK


300

65.00 pence

09:03 UK


11,785

65.00 pence

09:04 UK


3,215

65.00 pence

09:04 UK


1,180

65.00 pence

09:06 UK


10,312

65.80 pence

11:55 UK


4,123

65.80 pence

11:55 UK


1,175

65.80 pence

11:55 UK


7,153

65.80 pence

11:55 UK


6,107

65.80 pence

12:05 UK


14,435

65.80 pence

12:07 UK


6,695

65.80 pence

12:07 UK


13,669

65.00 pence

13:12 UK


13,669

65.00 pence

13:12 UK


2,730

65.00 pence

13:12 UK


1,565

65.00 pence

13:12 UK


9,374

65.00 pence

13:12 UK


8,824

65.00 pence

13:12 UK


169

65.00 pence

13:12 UK


6,705

64.50 pence

13:42 UK


21,209

64.50 pence

13:42 UK


21,209

64.50 pence

13:42 UK


344

64.50 pence

13:42 UK


533

64.50 pence

13:42 UK


13,171

65.00 pence

15:10 UK


1,806

65.00 pence

15:10 UK


1,991

65.00 pence

15:10 UK


16,968

65.00 pence

15:10 UK


1,930

65.00 pence

15:10 UK


1,930

65.00 pence

15:10 UK


880

65.00 pence

15:10 UK


166

65.00 pence

15:10 UK


3,008

65.00 pence

15:10 UK


7,344

65.00 pence

15:10 UK


806

65.00 pence

15:10 UK


6,269

65.00 pence

15:32 UK


13,817

65.00 pence

15:32 UK


1,691

65.00 pence

15:32 UK


13,817

65.00 pence

15:32 UK


589

65.00 pence

15:32 UK


13,817

65.00 pence

15:32 UK


9,800

64.50 pence

15:38 UK


7,898

64.50 pence

15:38 UK


78

64.50 pence

15:38 UK


600

64.50 pence

15:38 UK


6,083

64.50 pence

15:38 UK


4,192

64.50 pence

15:38 UK


2,506

64.50 pence

15:41 UK


2,137

64.50 pence

15:41 UK


183

64.50 pence

15:41 UK


2,102

64.50 pence

15:41 UK


900

64.50 pence

15:41 UK


13,521

64.50 pence

15:41 UK


16,658

65.00 pence

16:21 UK


6,746

65.00 pence

16:21 UK


9,912

65.00 pence

16:21 UK


16,658

65.00 pence

16:21 UK


26

65.00 pence

16:21 UK


1,598

65.50 pence

16:35 UK


30,000

65.50 pence

16:35 UK


25,000

65.50 pence

16:35 UK


26,480

65.50 pence

16:35 UK


1,218

65.50 pence

16:35 UK


3,316

65.50 pence

16:35 UK


11,672

65.50 pence

16:35 UK


716

65.50 pence

16:35 UK






Vertu Motors plc

 

Tel: +44 (0) 191 491 2121

Robert Forrester, CEO


Karen Anderson, CFO

Phil Clark, Investor Relations






Zeus (Nominated Adviser and Broker)

Tel: +44 (0) 203 829 5000

Jamie Peel


Andrew Jones


Dominic King








Camarco

 

Tel: +44 (0) 203 757 4983

Billy Clegg




Tom Huddart












Notes to Editors

 



Vertu Motors is the fourth largest automotive retailer in the UK with a network of 190 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu and Macklin Motors brand names.





Vertu Motors was established in November 2006 with the strategy to consolidate the UK motor retail sector.  It is intended that the Group will continue to acquire motor retail operations to grow a scaled dealership group.  The Group's acquisition strategy is supplemented by a focused organic growth strategy to drive operational efficiencies through its national dealership network. The Group currently operates 186 franchised sales outlets and 4 non-franchised sales operations from 141 locations across the UK.





Vertu's Mission Statement is to "deliver an outstanding customer motoring experience through honesty and trust".





Vertu Motors Group websites - https://investors.vertumotors.com / www.vertucareers.com
Vertu brand websites -
www.vertumotors.com / www.bristolstreet.co.uk / www.vertuhonda.com / www.vertutoyota.com / www.macklinmotors.co.uk / www.vertumotorcyles.com

 

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