Vertu Motors PLC Transaction in Own Shares (5479W)
13 Dezember 2023 - 8:00AM
UK Regulatory
TIDMVTU
RNS Number : 5479W
Vertu Motors PLC
13 December 2023
13 December 2023
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 12 December 2023
it purchased 90,558 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 12 December 2023
Number of ordinary shares purchased 90,558
Highest price paid per ordinary share 70 pence
Lowest price paid per ordinary share 70 pence
Volume weighted average price paid per ordinary share 70 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 339,347,291
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: 12 December 2023
Aggregate information:
Aggregated Volume Volume-weighted Venue
average price (pence)
90,558 70 London Stock Exchange
Individual transactions:
5,784 70.00 pence 08:51 UK
664 70.00 pence 08:51 UK
15,426 70.00 pence 08:51 UK
4,427 70.00 pence 08:51 UK
2,178 70.00 pence 08:51 UK
6,482 70.00 pence 08:51 UK
1,254 70.00 pence 08:51 UK
1,315 70.00 pence 08:51 UK
659 70.00 pence 08:51 UK
5,559 70.00 pence 08:52 UK
4,954 70.00 pence 08:52 UK
3,667 70.00 pence 08:53 UK
364 70.00 pence 08:53 UK
12,889 70.00 pence 10:37 UK
399 70.00 pence 10:37 UK
20,322 70.00 pence 10:37 UK
398 70.00 pence 10:37 UK
755 70.00 pence 10:37 UK
3,062 70.00 pence 10:37 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.vertumotorcyles.com
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END
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