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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 | 2.06% | 69.20 | 68.50 | 68.90 | 70.00 | 67.80 | 70.00 | 541,982 | 16:35:18 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Motor Veh Dealer (used Only) | 4.01B | 25.53M | 0.0749 | 9.19 | 234.46M |
TIDMVTU
RNS Number : 1741U
Vertu Motors PLC
29 July 2022
29 July 2022
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 28 July 2022 , it purchased 128,214 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 28 July 2022 Number of ordinary shares purchased 128,214 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 57.7928 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 348,945,522 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: 28 July 2022
Aggregate information:
Volume-weighted Aggregated average price Volume (pence) Venue 128,214 57.7928 London Stock Exchange Individual Transactions: 10,000 58.00 pence 08:27 UK 4,963 58.00 pence 08:27 UK 5,000 58.00 pence 08:27 UK 37 58.00 pence 08:28 UK 795 57.70 pence 10:27 UK 7,841 57.70 pence 10:27 UK 1,364 57.70 pence 10:27 UK 10,000 57.70 pence 10:27 UK 8,813 57.70 pence 10:27 UK 1,187 57.70 pence 10:27 UK 6,339 57.50 pence 15:20 UK 2,474 57.50 pence 15:20 UK 6,319 57.70 pence 15:22 UK 5,384 57.70 pence 15:22 UK 3,507 57.70 pence 15:22 UK 529 57.70 pence 15:35 UK 4,261 57.70 pence 15:35 UK 6,660 57.70 pence 15:50 UK 1,505 57.70 pence 15:50 UK 8,813 57.70 pence 15:50 UK 2,423 57.70 pence 15:50 UK 904 57.50 pence 16:12 UK 281 57.70 pence 16:14 UK 1,543 57.70 pence 16:14 UK 570 57.70 pence 16:14 UK 1 57.70 pence 16:22 UK 427 57.70 pence 16:28 UK 128 57.70 pence 16:28 UK 1,005 58.00 pence 16:35 UK 10,449 58.00 pence 16:35 UK 148 58.00 pence 16:35 UK 446 58.00 pence 16:35 UK 742 58.00 pence 16:35 UK 10,974 58.00 pence 16:35 UK 170 58.00 pence 16:35 UK 510 58.00 pence 16:35 UK 850 58.00 pence 16:35 UK 849 58.00 pence 16:35 UK 3 58.00 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 / 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
POSUWRORUAUBUUR
(END) Dow Jones Newswires
July 29, 2022 02:00 ET (06:00 GMT)
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