TIDMVTU

RNS Number : 2551W

Vertu Motors PLC

11 December 2023

 
11 December 2023 
                                     Vertu Motors plc 
 
                             ("Vertu Motors" or the "Company") 
 
                                 Transaction in Own Shares 
 
 
Vertu Motors plc (AIM: VTU) announces that on 8 December 2023 
 it purchased 370,403 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                                                8 December 2023 
Number of ordinary shares purchased                             370,403 
Highest price paid per ordinary share                           66 pence 
Lowest price paid per ordinary share                            65 pence 
Volume weighted average price paid per ordinary share           65.2639 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 339,633,257 
 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:                8 December 2023 
 
Aggregate information: 
 
Aggregated Volume                 Volume-weighted               Venue 
                                   average price (pence) 
370,403                           65.2639                       London Stock Exchange 
 
 
Individual transactions: 
 
10,000                            65.00 pence                   08:00 UK 
721                               65.00 pence                   08:53 UK 
1,413                             65.00 pence                   08:53 UK 
121                               65.00 pence                   10:19 UK 
3,078                             65.00 pence                   10:22 UK 
2,434                             65.00 pence                   10:22 UK 
2,233                             65.00 pence                   10:22 UK 
10,000                            65.00 pence                   10:22 UK 
1,148                             65.00 pence                   10:22 UK 
2,303                             65.00 pence                   10:22 UK 
6,000                             65.00 pence                   10:22 UK 
464                               65.00 pence                   10:22 UK 
85                                65.00 pence                   10:22 UK 
3,052                             65.00 pence                   10:22 UK 
7,925                             65.00 pence                   10:22 UK 
1,712                             65.00 pence                   10:22 UK 
294                               65.00 pence                   10:22 UK 
69                                65.00 pence                   10:23 UK 
1,076                             65.00 pence                   10:23 UK 
3,306                             65.00 pence                   10:23 UK 
528                               65.00 pence                   10:23 UK 
6,166                             65.00 pence                   10:23 UK 
858                               65.00 pence                   10:23 UK 
501                               65.00 pence                   10:23 UK 
8,641                             65.00 pence                   10:23 UK 
3,231                             65.00 pence                   10:23 UK 
6,769                             65.00 pence                   10:23 UK 
18,231                            65.00 pence                   10:23 UK 
2,673                             65.00 pence                   10:23 UK 
5,770                             65.00 pence                   10:23 UK 
116                               65.00 pence                   10:23 UK 
1,441                             65.00 pence                   10:23 UK 
2,674                             65.00 pence                   10:23 UK 
492                               65.00 pence                   10:23 UK 
1,236                             65.00 pence                   10:23 UK 
2,512                             65.00 pence                   10:34 UK 
1,666                             65.00 pence                   10:34 UK 
1,867                             65.00 pence                   10:34 UK 
457                               65.00 pence                   10:34 UK 
1,770                             65.00 pence                   10:36 UK 
1,185                             65.00 pence                   10:36 UK 
10,000                            65.00 pence                   10:36 UK 
1,000                             65.00 pence                   10:36 UK 
616                               65.00 pence                   10:36 UK 
495                               65.00 pence                   10:36 UK 
7,889                             65.00 pence                   10:36 UK 
458                               65.00 pence                   10:36 UK 
6,682                             65.00 pence                   10:37 UK 
1,048                             65.00 pence                   10:37 UK 
561                               65.00 pence                   10:37 UK 
156                               65.00 pence                   10:39 UK 
1,095                             65.00 pence                   10:39 UK 
1,095                             65.00 pence                   10:39 UK 
202                               65.00 pence                   10:42 UK 
8,703                             65.00 pence                   10:42 UK 
234                               65.00 pence                   10:43 UK 
3,125                             65.00 pence                   10:43 UK 
3,180                             65.00 pence                   10:45 UK 
3,461                             65.00 pence                   10:45 UK 
819                               65.00 pence                   10:45 UK 
1,000                             65.00 pence                   10:45 UK 
8,181                             65.00 pence                   10:59 UK 
11,819                            65.00 pence                   10:59 UK 
1,723                             65.00 pence                   10:59 UK 
2,000                             65.00 pence                   11:16 UK 
3,301                             65.40 pence                   15:41 UK 
678                               65.40 pence                   15:41 UK 
3,098                             65.40 pence                   15:41 UK 
3,238                             65.40 pence                   15:41 UK 
2,813                             65.40 pence                   15:41 UK 
3,144                             65.40 pence                   15:41 UK 
1,119                             65.40 pence                   15:41 UK 
1,065                             65.40 pence                   15:41 UK 
2,722                             65.40 pence                   15:41 UK 
360                               65.40 pence                   15:41 UK 
1,082                             65.40 pence                    15:44 UK 
2,380                             65.40 pence                    15:44 UK 
2,273                             65.40 pence                    15:49 UK 
2,440                             65.40 pence                    15:49 UK 
1,045                             65.40 pence                    15:49 UK 
322                               65.40 pence                    15:49 UK 
890                               65.40 pence                    15:51 UK 
339                               65.40 pence                    15:51 UK 
606                               65.40 pence                    15:51 UK 
940                               65.40 pence                    15:51 UK 
6,369                             65.40 pence                    15:51 UK 
23,070                            65.40 pence                    15:51 UK 
1,592                             65.40 pence                    15:51 UK 
5,717                             65.40 pence                    15:51 UK 
581                               65.40 pence                    15:51 UK 
3,558                             65.40 pence                    15:51 UK 
3,751                             65.40 pence                    15:51 UK 
2,085                             65.40 pence                    15:51 UK 
470                               65.40 pence                    15:51 UK 
5,546                             65.40 pence                    15:51 UK 
498                               65.40 pence                    15:51 UK 
795                               65.40 pence                    15:51 UK 
214                               65.40 pence                    15:51 UK 
1,121                             65.40 pence                    15:51 UK 
5,320                             65.40 pence                    15:51 UK 
152                               65.40 pence                    15:51 UK 
570                               65.40 pence                    15:52 UK 
146                               65.40 pence                    15:52 UK 
278                               65.40 pence                    15:52 UK 
895                               65.40 pence                    15:52 UK 
229                               65.40 pence                    15:52 UK 
3,188                             65.40 pence                    15:52 UK 
2,922                             65.20 pence                    15:56 UK 
1,408                             65.20 pence                    15:56 UK 
2,370                             65.20 pence                    15:56 UK 
755                               65.20 pence                    15:56 UK 
1,027                             65.20 pence                    15:58 UK 
10,000                            65.60 pence                    16:16 UK 
298                               65.60 pence                    16:16 UK 
8,386                             66.00 pence                    16:24 UK 
3,271                             66.00 pence                    16:24 UK 
2,336                             66.00 pence                    16:24 UK 
467                               66.00 pence                    16:24 UK 
403                               66.00 pence                    16:24 UK 
35,000                            66.00 pence                    16:28 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

POSURRWROBUUAAA

(END) Dow Jones Newswires

December 11, 2023 02:00 ET (07:00 GMT)

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