Vertu Motors PLC Transaction in Own Shares (2248D)
June 20 2023 - 1:00AM
UK Regulatory
TIDMVTU
RNS Number : 2248D
Vertu Motors PLC
20 June 2023
20 June 2023
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 19 June 2023 it
purchased 136,823 ordinary shares of 10p each in the Company
(the "Repurchased Shares"), pursuant to the share buyback programme
(the "Buyback Programme") that was announced on 10 May 2023,
as follows (together the "Transaction"):
Date of purchase 19 June 2023
Number of ordinary shares purchased 136,823
Highest price paid per ordinary share 62.8 pence
Lowest price paid per ordinary share 62.5 pence
Volume weighted average price paid per ordinary share 62.6781 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 344,148,814
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: 19 June 2023
Aggregate information:
Aggregated Volume Volume-weighted Venue
average price (pence)
136,823 62.6781 London Stock Exchange
Individual transactions:
1,022 62.60 pence 08:08 UK
2,000 62.60 pence 10:16 UK
124 62.60 pence 10:16 UK
2,000 62.60 pence 10:16 UK
334 62.60 pence 10:17 UK
10,317 62.60 pence 10:32 UK
321 62.60 pence 10:32 UK
10 62.60 pence 10:32 UK
2,000 62.60 pence 10:34 UK
1,689 62.60 pence 11:00 UK
1,126 62.60 pence 11:00 UK
124 62.60 pence 11:00 UK
2,251 62.60 pence 11:00 UK
2,251 62.60 pence 11:00 UK
762 62.60 pence 11:00 UK
8,748 62.50 pence 11:01 UK
2,000 62.50 pence 11:01 UK
350 62.50 pence 11:01 UK
243 62.50 pence 11:01 UK
11 62.50 pence 11:01 UK
2,000 62.50 pence 11:01 UK
1,812 62.50 pence 11:01 UK
3,622 62.50 pence 11:03 UK
1,416 62.60 pence 11:04 UK
5,478 62.60 pence 11:05 UK
38 62.60 pence 11:05 UK
124 62.60 pence 12:03 UK
2,000 62.60 pence 12:03 UK
4,208 62.60 pence 12:03 UK
15,001 62.60 pence 15:00 UK
594 62.60 pence 15:18 UK
6,913 62.80 pence 16:00 UK
4,648 62.80 pence 16:00 UK
53 62.80 pence 16:13 UK
15,326 62.80 pence 16:13 UK
5,308 62.80 pence 16:13 UK
26,887 62.80 pence 16:13 UK
3,000 62.80 pence 16:13 UK
620 62.80 pence 16:18 UK
1 62.80 pence 16:18 UK
91 62.80 pence 16:35 UK
Vertu Motors plc Tel: +44 (0) 191 491 2121
Robert Forrester, CEO
Karen Anderson, CFO
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 189 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 185 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.vertumotorcycles.com
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END
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