Source - LSE Regulatory
RNS Number : 0553X
Vertu Motors PLC
18 December 2023
 

18 December 2023




Vertu Motors plc

 




("Vertu Motors" or the "Company")





Transaction in Own Shares

 








Vertu Motors plc (AIM: VTU) announces that on 15 December 2023 it purchased 912,423 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


15 December 2023

Number of ordinary shares purchased

912,423


Highest price paid per ordinary share

70 pence

Lowest price paid per ordinary share

69.6 pence


Volume weighted average price paid per ordinary share

69.9787 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 338,434,868 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:        

15 December 2023







Aggregate information:

 







Aggregated Volume

Volume-weighted
average price (pence)

Venue

 

912,423

69.9787

London Stock Exchange









Individual transactions:

 







5,804

70.00 pence

10:31 UK


7,350

70.00 pence

10:31 UK


4,908

70.00 pence

10:31 UK


46,442

70.00 pence

10:31 UK


19,998

70.00 pence

10:39 UK


2

70.00 pence

10:39 UK


20,000

70.00 pence

10:40 UK


4,141

70.00 pence

10:40 UK


3,156

70.00 pence

10:40 UK


5,242

70.00 pence

10:41 UK


7,461

70.00 pence

10:48 UK


20,000

70.00 pence

10:50 UK


4,256

70.00 pence

10:50 UK


15,744

70.00 pence

10:50 UK


4,002

70.00 pence

10:50 UK


15,998

70.00 pence

10:51 UK


4,009

70.00 pence

10:51 UK


15,991

70.00 pence

10:51 UK


34,009

70.00 pence

10:51 UK


4,413

70.00 pence

10:51 UK


2,886

70.00 pence

10:51 UK


506

70.00 pence

10:51 UK


12,195

70.00 pence

10:51 UK


7,805

70.00 pence

10:51 UK


2,000

70.00 pence

10:51 UK


5,662

70.00 pence

10:52 UK


5,582

70.00 pence

10:52 UK


559

70.00 pence

10:52 UK


6,197

70.00 pence

10:52 UK


20,000

70.00 pence

10:52 UK


2,576

70.00 pence

10:52 UK


978

70.00 pence

10:52 UK


4,632

70.00 pence

10:52 UK


3,375

69.60 pence

10:53 UK


21,625

69.60 pence

13:15 UK


110

69.60 pence

13:15 UK


809

69.60 pence

13:15 UK


25

69.60 pence

13:15 UK


1,721

69.60 pence

13:15 UK


1,155

69.60 pence

13:15 UK


195

69.60 pence

14:00 UK


6,797

70.00 pence

14:30 UK


10,000

70.00 pence

14:30 UK


964

70.00 pence

14:30 UK


24,036

70.00 pence

14:30 UK


2,893

70.00 pence

14:30 UK


2,000

70.00 pence

14:30 UK


20,107

70.00 pence

14:30 UK


1,911

70.00 pence

14:30 UK


2,129

70.00 pence

14:30 UK


2,000

70.00 pence

14:30 UK


18,960

70.00 pence

14:31 UK


2,391

70.00 pence

14:31 UK


2,000

70.00 pence

14:31 UK


20,609

70.00 pence

14:31 UK


29,391

70.00 pence

14:31 UK


7,205

70.00 pence

14:31 UK


5,778

70.00 pence

14:31 UK


12,017

70.00 pence

14:31 UK


9,805

70.00 pence

14:31 UK


4,124

70.00 pence

14:31 UK


11,071

70.00 pence

14:31 UK


5,229

70.00 pence

14:31 UK


964

70.00 pence

14:31 UK


18,604

70.00 pence

14:31 UK


110

69.70 pence

15:02 UK


24,890

69.70 pence

15:02 UK


1,001

69.70 pence

15:02 UK


31

69.70 pence

15:02 UK


57

70.00 pence

15:55 UK


188

70.00 pence

15:55 UK


6,381

70.00 pence

15:55 UK


1,066

70.00 pence

15:55 UK


1,231

70.00 pence

15:55 UK


57

70.00 pence

15:55 UK


1,135

70.00 pence

15:55 UK


1,020

70.00 pence

15:55 UK


3,103

70.00 pence

15:56 UK


999

70.00 pence

15:56 UK


60

70.00 pence

16:00 UK


17,395

70.00 pence

16:00 UK


1,416

70.00 pence

16:00 UK


23,584

70.00 pence

16:00 UK


1,214

70.00 pence

16:00 UK


6,774

70.00 pence

16:00 UK


1,049

70.00 pence

16:00 UK


1,446

70.00 pence

16:00 UK


98

70.00 pence

16:00 UK


102

70.00 pence

16:00 UK


239

70.00 pence

16:00 UK


14,078

70.00 pence

16:00 UK


5,067

70.00 pence

16:01 UK


2,538

70.00 pence

16:01 UK


133,671

70.00 pence

16:11 UK


97,919

70.00 pence

16:37 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 195 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 191 franchised sales outlets and 4 non-franchised sales operations from 145 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.vertumotorcycles.com

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
POSFFFFWIEDSEIE
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Related Charts

Vertu Motors PLC (VTU)

+0.26p (+0.34%)
delayed 10:42AM