Vertu Motors PLC Transaction in Own Shares
August 21 2024 - 1:00AM
RNS Regulatory News
RNS Number : 1703B
Vertu Motors PLC
21 August 2024
21 August 2024
|
|
|
|
Vertu Motors
plc
|
|
|
|
|
("Vertu
Motors" or the "Company")
|
|
|
|
|
Transaction in Own
Shares
|
|
|
|
|
|
|
|
|
Vertu Motors plc (AIM: VTU) announces
that on 20 August 2024 it purchased 144,348 ordinary shares of 10p
each in the Company (the "Repurchased Shares"), pursuant to the
share buyback programme (the "Buyback Programme") that was
announced on 15 May 2024, as follows (together the
"Transaction"):
|
|
|
|
|
Date of purchase
|
20 August 2024
|
Number of ordinary shares
purchased
|
144,348
|
Highest price paid per ordinary
share
|
72.0 pence
|
Lowest price paid per ordinary
share
|
71.5 pence
|
Volume weighted average price paid
per ordinary share
|
71.7378 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 334,556,759 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, Stifel Nicolaus Europe
Limited ("Stifel"), are set out below:
|
|
|
|
|
Schedule of Purchases:
|
|
|
|
Shares
purchased:
|
Vertu Motors plc (ISIN:
GB00B1GK4645)
|
Date of
purchases:
|
20 August 2024
|
|
|
|
|
|
|
Aggregate information:
|
|
|
|
|
|
|
|
Aggregated Volume
|
Volume-weighted
average price (pence)
|
Venue
|
|
144,348
|
71.7378
|
London Stock Exchange
|
|
|
|
|
|
|
|
|
Individual transactions:
|
|
|
|
|
|
|
|
35,000
|
71.5 pence
|
10:18 UK
|
|
24,100
|
71.5 pence
|
10:29 UK
|
|
36,106
|
71.8 pence
|
15:36 UK
|
|
5,409
|
71.8 pence
|
15:50 UK
|
|
43,733
|
72.0 pence
|
16:35 UK
|
|
|
|
|
|
Vertu Motors plc
|
|
Tel: +44 (0) 191 491
2121
|
Robert Forrester, CEO
|
|
Karen Anderson, CFO
Phil Clark, Investor
Relations
|
|
|
|
|
|
Stifel (Nominated Adviser and Broker)
|
Tel: +44 (0) 207 710
7688
|
Matthew Blawat
|
|
Nick Harland
|
|
|
|
|
|
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 192 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 188 franchised sales outlets and 4 non-franchised sales
operations from 144 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
POSURSRRSAUWUUR
Vertu Motors (LSE:VTU)
Historical Stock Chart
From Nov 2024 to Dec 2024
Vertu Motors (LSE:VTU)
Historical Stock Chart
From Dec 2023 to Dec 2024