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
  -2.50 -4.55% 52.40 52.00 52.30 56.50 51.40 55.00 1,331,146 16:35:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 3,615.1 78.8 16.6 3.1 197

Vertu Motors PLC Transaction in Own Shares

25/07/2022 7:00am

UK Regulatory (RNS & others)

Vertu Motors (LSE:VTU)
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From Jun 2022 to Dec 2022

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RNS Number : 5117T

Vertu Motors PLC

25 July 2022

25 July 2022

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 22 July 2022 , it purchased 138,942 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                                   22 July 2022 
   Number of ordinary shares purchased                138,942 
   Highest price paid per ordinary share              58.00 pence 
   Lowest price paid per ordinary share               57.50 pence 
   Volume weighted average price paid per ordinary    57.9318 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 349,383,767 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:   22 July 2022 

Aggregate information:

 Aggregated    average price 
  Volume       (pence)          Venue 
   138,942    57.9318            London Stock Exchange 
Individual Transactions: 
     14,440      57.50 pence   08:45 UK 
        309      57.50 pence   08:45 UK 
      4,193      57.50 pence   08:45 UK 
          2      58.00 pence   11:37 UK 
      5,781      58.00 pence   11:37 UK 
         74      58.00 pence   11:37 UK 
      3,252      58.00 pence   11:37 UK 
        521      58.00 pence   11:51 UK 
      4,261      58.00 pence   13:04 UK 
        139      58.00 pence   13:04 UK 
        132      58.00 pence   13:09 UK 
      3,982      58.00 pence   13:52 UK 
      9,035      58.00 pence   13:52 UK 
      1,600      58.00 pence   13:52 UK 
         66      58.00 pence   13:52 UK 
         66      58.00 pence   13:52 UK 
        106      58.00 pence   13:52 UK 
      7,303      58.00 pence   13:52 UK 
         26      58.00 pence   13:52 UK 
      4,500      58.00 pence   13:52 UK 
      4,500      58.00 pence   13:52 UK 
      1,648      58.00 pence   13:53 UK 
          9      58.00 pence   13:53 UK 
      2,997      58.00 pence   13:55 UK 
      8,842      58.00 pence   15:22 UK 
      8,842      58.00 pence   15:22 UK 
      6,449      58.00 pence   15:22 UK 
      9,320      58.00 pence   16:29 UK 
      2,393      58.00 pence   16:29 UK 
      3,825      58.00 pence   16:29 UK 
     16,360      58.00 pence   16:29 UK 
      9,320      58.00 pence   16:29 UK 
      4,649      58.00 pence   16:29 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 - /

Vertu brand websites - / / /

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(END) Dow Jones Newswires

July 25, 2022 02:00 ET (06:00 GMT)

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