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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Vertu Motors Plc | LSE:VTU | London | Ordinary Share | GB00B1GK4645 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.60 | 0.80% | 75.30 | 75.00 | 75.60 | 76.40 | 74.80 | 75.50 | 448,799 | 16:35:06 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Motor Veh Dealer (used Only) | 4.01B | 25.53M | 0.0749 | 10.01 | 255.59M |
TIDMVTU
RNS Number : 1083K
Vertu Motors PLC
31 August 2021
31 August 2021
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 27 August 2021 , it purchased 185,279 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 20 August 2021 as follows:
Date of purchase 27 August 2021 Number of ordinary shares purchased 185,279 Highest price paid per ordinary share 52.00 pence Lowest price paid per ordinary share 51.60 pence Volume weighted average price paid per ordinary 51.9352 pence share
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 368,790,682 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 August 2021
Aggregate information:
Volume-weighted average price Aggregated Volume (pence) Venue 185,279 51.9352 London Stock Exchange
Individual transactions:
5,279 52.00 pence 09:37 UK 150,000 52.00 pence 09:58 UK 433 51.60 pence 12:40 UK 1,409 51.60 pence 12:42 UK 1,524 51.60 pence 12:56 UK 984 51.60 pence 12:58 UK 4,350 51.60 pence 12:58 UK 1,534 51.60 pence 13:08 UK 2,816 51.60 pence 13:16 UK 1,458 51.60 pence 13:19 UK 2,892 51.60 pence 13:21 UK 585 51.60 pence 13:25 UK 1,410 51.60 pence 13:27 UK 553 51.60 pence 14:53 UK 1,437 51.60 pence 14:53 UK 365 51.60 pence 15:11 UK 3,226 51.60 pence 15:16 UK 1,124 51.60 pence 15:21 UK 252 51.60 pence 15:21 UK 6 51.60 pence 15:21 UK 1,656 51.60 pence 15:34 UK 1,409 51.60 pence 15:36 UK 577 51.60 pence 15:39 UK
For further information please contact:
Vertu Motors plc Tel: 0191 491 2111 Robert Forrester, CEO Tel: 0191 491 2112 Karen Anderson, CFO Tel: 020 3829 5000 Zeus Capital Limited Jamie Peel Andrew Jones Dominic King Tel: 020 3757 4983 Camarco Billy Clegg Tom Huddart
Notes to Editors
Vertu Motors is the fifth largest automotive retailer in the UK with a network of 155 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 151 franchised sales outlets and 4 non-franchised sales operations from 116 locations across the UK.
Vertu's Mission Statement is to "deliver an outstanding customer motoring experience through honesty and trust".
Vertu Motors Group websites - www.vertucareers.com
Vertu brand websites - www.vertumotors.com / www.bristolstreet.co.uk / www.macklinmotors.co.uk / www.vertumotorcycles.com
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END
POSURAWRAWUWOAR
(END) Dow Jones Newswires
August 31, 2021 02:00 ET (06:00 GMT)
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