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VTU Vertu Motors Plc

78.70
-1.10 (-1.38%)
24 May 2024 - Closed
Delayed by 15 minutes
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
  -1.10 -1.38% 78.70 78.80 79.20 81.00 78.30 81.00 316,147 16:35:14
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Motor Veh Dealer (used Only) 4.01B 25.53M 0.0749 10.55 269.22M

Vertu Motors PLC Transaction in Own Shares (4091W)

12/12/2023 7:00am

UK Regulatory


TIDMVTU

RNS Number : 4091W

Vertu Motors PLC

12 December 2023

 
        12 December 2023 
                                      Vertu Motors plc 
 
                             ("Vertu Motors" or the "Company") 
 
                                 Transaction in Own Shares 
 
 
Vertu Motors plc (AIM: VTU) announces that on 11 December 2023 
 it purchased 195,408 ordinary shares of 10p each in the Company 
 (the "Repurchased Shares"), pursuant to the share buyback programme 
 (the "Buyback Programme") that was announced on 9 October 2023, 
 as follows (together the "Transaction"): 
 
Date of purchase                                                 11 December 2023 
Number of ordinary shares purchased                              195,408 
Highest price paid per ordinary share                            68 pence 
Lowest price paid per ordinary share                             68 pence 
Volume weighted average price paid per ordinary share            68 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 339,437,849 
 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 ("Zeus"), are set out 
 below: 
 
Schedule of Purchases: 
Shares purchased:                  Vertu Motors plc (ISIN: GB00B1GK4645) 
Date of purchases:                 11 December 2023 
 
Aggregate information: 
 
Aggregated Volume                  Volume-weighted               Venue 
                                    average price (pence) 
195,408                            68                            London Stock Exchange 
 
 
Individual transactions: 
 
1,219                              68.00 pence                   10:03 UK 
8,781                              68.00 pence                   10:04 UK 
1,219                              68.00 pence                   10:04 UK 
488                                68.00 pence                   10:04 UK 
2,665                              68.00 pence                   10:04 UK 
4,000                              68.00 pence                   10:05 UK 
1,397                              68.00 pence                   10:05 UK 
1,450                              68.00 pence                   10:05 UK 
2,550                              68.00 pence                   10:05 UK 
7,200                              68.00 pence                   10:06 UK 
1,719                              68.00 pence                   10:06 UK 
1,081                              68.00 pence                   10:06 UK 
512                                68.00 pence                   10:06 UK 
8,612                              68.00 pence                   10:06 UK 
548                                68.00 pence                   10:06 UK 
328                                68.00 pence                   10:06 UK 
6,029                              68.00 pence                   10:06 UK 
3,971                              68.00 pence                   10:06 UK 
3,525                              68.00 pence                   10:06 UK 
4,000                              68.00 pence                   10:08 UK 
152                                68.00 pence                   10:08 UK 
1,894                              68.00 pence                   10:09 UK 
429                                68.00 pence                   10:09 UK 
10,000                             68.00 pence                   10:09 UK 
2,671                              68.00 pence                   10:09 UK 
1,000                              68.00 pence                   10:10 UK 
5,000                              68.00 pence                   10:13 UK 
1,107                              68.00 pence                   10:13 UK 
222                                68.00 pence                   10:13 UK 
1,329                              68.00 pence                   10:13 UK 
1,517                              68.00 pence                   10:13 UK 
5,000                              68.00 pence                   10:13 UK 
2,154                              68.00 pence                   10:13 UK 
1,746                              68.00 pence                   10:13 UK 
4,485                              68.00 pence                   10:13 UK 
2,332                              68.00 pence                   11:38 UK 
23,802                             68.00 pence                   11:38 UK 
2,332                              68.00 pence                   11:38 UK 
4,614                              68.00 pence                   11:38 UK 
21,520                             68.00 pence                   11:38 UK 
4,614                              68.00 pence                   11:38 UK 
280                                68.00 pence                   11:38 UK 
12,504                             68.00 pence                   11:38 UK 
13,350                             68.00 pence                   11:38 UK 
5,707                              68.00 pence                   11:38 UK 
4,084                              68.00 pence                   11:38 UK 
269                                68.00 pence                   11:38 UK 
 
Vertu Motors plc                                                 Tel: +44 (0) 191 491 2121 
Robert Forrester, CEO 
Karen Anderson, CFO 
 Phil Clark, Investor Relations 
 
Zeus (Nominated Adviser and Broker)                              Tel: +44 (0) 203 829 5000 
Jamie Peel 
Andrew Jones 
Dominic King 
 
Camarco                                                          Tel: +44 (0) 203 757 4983 
Billy Clegg 
Tom Huddart 
 
 
Notes to Editors 
Vertu Motors is the fourth largest automotive retailer in the 
 UK with a network of 195 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 191 franchised sales outlets and 
 4 non-franchised sales operations from 145 locations across 
 the UK. 
 
Vertu's Mission Statement is to "deliver an outstanding customer 
 motoring experience through honesty and trust". 
 
Vertu Motors Group websites - https://investors.vertumotors.com 
 / www.vertucareers.com 
 Vertu brand websites - www.vertumotors.com / www.bristolstreet.co.uk 
 / www.vertuhonda.com / www.vertutoyota.com / www.macklinmotors.co.uk 
 / www.vertumotorcycles.com 
 

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END

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(END) Dow Jones Newswires

December 12, 2023 02:00 ET (07:00 GMT)

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