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RNS Number : 9868T Vertu Motors PLC 28 July 2022
28 July 2022
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 27 July 2022, it purchased
85,622 ordinary shares of 10p each in the Company on the London Stock Exchange
(the "Repurchased Shares"), pursuant to the share buyback programme (the
"Buyback Programme") that was announced on 07 June 2022 as follows:
Date of purchase 27 July 2022
Number of ordinary shares purchased 85,622
Highest price paid per ordinary share 58.00 pence
Lowest price paid per ordinary share 57.00 pence
Volume weighted average price paid per ordinary share 57.3327 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 349,073,736 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,
are set out below:
Schedule of Purchases:
Shares purchased: Vertu Motors plc (ISIN: GB00B1GK4645)
Date of purchases: 27 July 2022
Aggregate information:
Aggregated Volume Volume-weighted average price (pence) Venue
57.3327 London Stock Exchange
85,622
Individual Transactions:
1,241 57.60 pence 14:15 UK
1,313 57.60 pence 14:57 UK
1,412 57.00 pence 15:18 UK
1,329 57.00 pence 15:32 UK
7,259 57.00 pence 15:34 UK
10,000 57.00 pence 15:39 UK
26,363 57.00 pence 15:39 UK
7,000 57.50 pence 15:44 UK
899 57.50 pence 15:44 UK
2,503 57.50 pence 15:44 UK
6,004 57.90 pence 15:44 UK
10,300 57.90 pence 15:44 UK
1,333 58.00 pence 15:44 UK
2,834 58.00 pence 15:44 UK
768 57.50 pence 16:10 UK
488 57.50 pence 16:20 UK
1 57.50 pence 16:20 UK
631 57.50 pence 16:29 UK
80 57.50 pence 16:29 UK
64 57.50 pence 16:29 UK
65 57.50 pence 16:29 UK
1,768 57.50 pence 16:35 UK
1,967 57.50 pence 16:35 UK
For further information please contact:
Vertu Motors plc
Robert Forrester, CEO Tel: 0191 491 2111
Karen Anderson, CFO Tel: 0191 491 2112
Zeus Capital Limited Tel: 020 3829 5000
Jamie Peel
Andrew Jones
Dominic King
Camarco Tel: 020 3757 4983
Billy Clegg
Tom Huddart
Notes to Editors
Vertu Motors is the fifth largest automotive retailer in the UK with a network
of 160 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 156 franchised sales outlets and 4 non-franchised
sales operations from 121 locations across the UK.
Vertu's Mission Statement is to "deliver an outstanding customer motoring
experience through honesty and trust".
Vertu Motors Group websites - investors.vertumotors.com
(http://investors.vertumotors.com) / www.vertucareers.com
(http://www.vertucareers.com)
Vertu brand websites - www.vertumotors.com (http://www.vertumotors.com) /
www.bristolstreet.co.uk (http://www.bristolstreet.co.uk) /
www.macklinmotors.co.uk (http://www.macklinmotors.co.uk) /
www.vertumotorcycles.com (http://www.vertumotorcycles.com)
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