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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
  -0.15 -0.31% 48.45 48.40 48.65 48.90 47.00 47.00 105,358 12:43:36
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 3,615.1 78.8 16.6 2.9 182

Vertu Motors PLC Transaction in Own Shares

29/07/2022 7:00am

UK Regulatory (RNS & others)


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

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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

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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(END) Dow Jones Newswires

July 29, 2022 02:00 ET (06:00 GMT)

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