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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 | |
---|---|---|---|---|---|---|---|---|---|---|
1.40 | 1.99% | 71.90 | 71.30 | 72.00 | 72.00 | 69.70 | 71.00 | 724,678 | 16:35:27 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Motor Veh Dealer (used Only) | 4.01B | 25.53M | 0.0749 | 9.55 | 243.66M |
TIDMVTU
RNS Number : 3530Q
Vertu Motors PLC
27 October 2021
27 October 2021
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 26 October 2021 , it purchased 438,908 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 26 October 2021 Number of ordinary shares purchased 438,908 Highest price paid per ordinary share 61.60 pence Lowest price paid per ordinary share 61.20 pence Volume weighted average price paid per ordinary 61.2810 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 365,394,940 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: 26 October 2021
Aggregate information:
Volume-weighted average price Aggregated Volume (pence) Venue 438,908 61.281 London Stock Exchange Individual Transactions: 15,000 61.60 pence 11:43 UK 7,377 61.60 pence 11:43 UK 7,623 61.60 pence 12:26 UK 4,877 61.60 pence 12:26 UK 15,000 61.60 pence 12:26 UK 4,046 61.60 pence 13:36 UK 5,331 61.60 pence 13:40 UK 5,161 61.60 pence 13:43 UK 462 61.60 pence 13:43 UK 149 61.60 pence 13:43 UK 9,974 61.60 pence 13:43 UK 462 61.60 pence 13:43 UK 4,415 61.60 pence 14:17 UK 9,031 61.60 pence 14:17 UK 15,700 61.20 pence 14:19 UK 5,743 61.20 pence 14:36 UK 9,957 61.20 pence 14:36 UK 15,700 61.20 pence 14:36 UK 14,445 61.20 pence 14:36 UK 1,255 61.20 pence 14:36 UK 234 61.20 pence 14:36 UK 13,675 61.20 pence 14:45 UK 1,791 61.20 pence 14:45 UK 5,451 61.20 pence 14:53 UK 10,249 61.20 pence 15:27 UK 15,700 61.20 pence 15:27 UK 15,000 61.20 pence 15:34 UK 700 61.20 pence 15:34 UK 15,700 61.20 pence 15:36 UK 27,800 61.20 pence 15:36 UK 8,700 61.20 pence 15:37 UK 27,800 61.20 pence 15:37 UK 27,800 61.20 pence 15:37 UK 27,800 61.20 pence 15:37 UK 27,800 61.20 pence 15:37 UK 20,500 61.20 pence 15:40 UK 2,307 61.20 pence 15:52 UK 4,993 61.20 pence 15:55 UK 562 61.20 pence 15:55 UK 1,651 61.20 pence 15:55 UK 2,415 61.20 pence 16:03 UK 23,172 61.20 pence 16:06 UK 5,400 61.20 pence 16:06 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 154 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 150 franchised sales outlets and 4 non-franchised sales operations from 118 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 / www.vertucareers.com
Vertu brand websites - www.vertumotors.com / www.bristolstreet.co.uk / 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.
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(END) Dow Jones Newswires
October 27, 2021 02:00 ET (06:00 GMT)
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