TIDMVTU

RNS Number : 9507J

Vertu Motors PLC

27 August 2021

27 August 2021

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 26 August 2021 , it purchased 198,020 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 August 2021 
   Number of ordinary shares purchased                198,020 
   Highest price paid per ordinary share              53.20 pence 
   Lowest price paid per ordinary share               52.40 pence 
   Volume weighted average price paid per ordinary    52.6344 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 368,975,961 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 August 2021 
 
 

Aggregate information:

 
 
                     Volume-weighted 
                      average price 
 Aggregated Volume    (pence)          Venue 
 198,020             52.6344           London Stock Exchange 
 

Individual transactions:

 
  95,247   52.40 pence    16:24 UK 
   4,753   52.40 pence    16:15 UK 
   5,785   52.80 pence    15:56 UK 
   2,019   52.80 pence    15:49 UK 
     967   52.80 pence    15:33 UK 
   4,726   52.80 pence    15:22 UK 
   4,274   52.80 pence    15:17 UK 
   6,000   52.80 pence    15:17 UK 
   4,726   52.80 pence    15:15 UK 
   1,503   52.80 pence    15:14 UK 
   3,841   52.80 pence    15:03 UK 
   4,284   52.80 pence    15:03 UK 
   4,726   52.80 pence    15:03 UK 
   1,022   52.80 pence    15:03 UK 
   8,744   52.80 pence    15:03 UK 
   2,383   52.80 pence    15:03 UK 
  20,651   52.80 pence    15:03 UK 
   4,349   52.80 pence    15:03 UK 
   3,767   53.20 pence    10:25 UK 
   7,800   53.20 pence    10:25 UK 
   4,716   53.20 pence    10:25 UK 
   1,737   53.20 pence    09:25 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 155 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 151 franchised sales outlets and 4 non-franchised sales operations from 116 locations across the UK.

Vertu's Mission Statement is to "deliver an outstanding customer motoring experience through honesty and trust".

   Vertu Motors Group websites -   www.vertucareers.com 

Vertu brand websites - www.vertumotors.com / www.bristolstreet.co.uk / www.macklinmotors.co.uk

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

POSUNORRABUWUUR

(END) Dow Jones Newswires

August 27, 2021 02:00 ET (06:00 GMT)

Grafico Azioni Vertu Motors (LSE:VTU)
Storico
Da Feb 2024 a Mar 2024 Clicca qui per i Grafici di Vertu Motors
Grafico Azioni Vertu Motors (LSE:VTU)
Storico
Da Mar 2023 a Mar 2024 Clicca qui per i Grafici di Vertu Motors