TIDMVTU

RNS Number : 1004W

Vertu Motors PLC

08 December 2023

 
8 December 2023 
                                     Vertu Motors plc 
 
                            ("Vertu Motors" or the "Company") 
 
                                Transaction in Own Shares 
 
 
Vertu Motors plc (AIM: VTU) announces that on 7 December 2023 
 it purchased 749,096 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                                               7 December 2023 
Number of ordinary shares purchased                            749,096 
Highest price paid per ordinary share                          68 pence 
Lowest price paid per ordinary share                           64.5 pence 
Volume weighted average price paid per ordinary share          65.6505 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 340,003,660 
 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:                7 December 2023 
 
Aggregate information: 
 
Aggregated Volume                 Volume-weighted              Venue 
                                   average price (pence) 
749,096                           65.6505                      London Stock Exchange 
 
 
Individual transactions: 
 
49,096                            68.00 pence                  08:28 UK 
10,919                            67.50 pence                  08:38 UK 
7,897                             67.50 pence                  08:38 UK 
10,981                            67.50 pence                  08:38 UK 
7,835                             67.50 pence                  08:38 UK 
784                               67.50 pence                  08:38 UK 
6,211                             67.50 pence                  08:38 UK 
5,373                             67.50 pence                  08:44 UK 
4,892                             67.00 pence                  08:45 UK 
5,026                             67.00 pence                  08:45 UK 
5,003                             67.00 pence                  08:45 UK 
10,029                            67.00 pence                  08:45 UK 
2,305                             67.00 pence                  08:45 UK 
12,789                            67.00 pence                  08:45 UK 
5,519                             67.00 pence                  08:45 UK 
4,437                             67.00 pence                  08:45 UK 
14,783                            66.00 pence                  08:48 UK 
401                               66.00 pence                  08:48 UK 
14,382                            66.00 pence                  08:48 UK 
6,172                             66.00 pence                  08:48 UK 
729                               66.00 pence                  08:48 UK 
2,000                             66.00 pence                  08:48 UK 
123                               66.00 pence                  08:48 UK 
5,882                             66.00 pence                  08:48 UK 
5,528                             66.00 pence                  08:48 UK 
16,634                            65.50 pence                  09:00 UK 
275                               65.50 pence                  09:00 UK 
10,606                            65.50 pence                  09:00 UK 
7,847                             65.50 pence                  09:00 UK 
5,753                             65.50 pence                  09:00 UK 
707                               65.50 pence                  09:00 UK 
392                               65.50 pence                  09:00 UK 
7,786                             65.50 pence                  09:00 UK 
11,188                            65.00 pence                  09:03 UK 
843                               65.00 pence                  09:03 UK 
843                               65.00 pence                  09:03 UK 
6,065                             65.00 pence                  09:03 UK 
6,065                             65.00 pence                  09:03 UK 
8,327                             65.00 pence                  09:03 UK 
189                               65.00 pence                  09:03 UK 
300                               65.00 pence                  09:03 UK 
11,785                            65.00 pence                  09:04 UK 
3,215                             65.00 pence                  09:04 UK 
1,180                             65.00 pence                  09:06 UK 
10,312                            65.80 pence                  11:55 UK 
4,123                             65.80 pence                  11:55 UK 
1,175                             65.80 pence                  11:55 UK 
7,153                             65.80 pence                  11:55 UK 
6,107                             65.80 pence                  12:05 UK 
14,435                            65.80 pence                  12:07 UK 
6,695                             65.80 pence                  12:07 UK 
13,669                            65.00 pence                  13:12 UK 
13,669                            65.00 pence                  13:12 UK 
2,730                             65.00 pence                  13:12 UK 
1,565                             65.00 pence                  13:12 UK 
9,374                             65.00 pence                  13:12 UK 
8,824                             65.00 pence                  13:12 UK 
169                               65.00 pence                  13:12 UK 
6,705                             64.50 pence                  13:42 UK 
21,209                            64.50 pence                  13:42 UK 
21,209                            64.50 pence                  13:42 UK 
344                               64.50 pence                  13:42 UK 
533                               64.50 pence                  13:42 UK 
13,171                            65.00 pence                  15:10 UK 
1,806                             65.00 pence                  15:10 UK 
1,991                             65.00 pence                  15:10 UK 
16,968                            65.00 pence                  15:10 UK 
1,930                             65.00 pence                  15:10 UK 
1,930                             65.00 pence                  15:10 UK 
880                               65.00 pence                  15:10 UK 
166                               65.00 pence                  15:10 UK 
3,008                             65.00 pence                  15:10 UK 
7,344                             65.00 pence                  15:10 UK 
806                               65.00 pence                  15:10 UK 
6,269                             65.00 pence                  15:32 UK 
13,817                            65.00 pence                  15:32 UK 
1,691                             65.00 pence                  15:32 UK 
13,817                            65.00 pence                  15:32 UK 
589                               65.00 pence                  15:32 UK 
13,817                            65.00 pence                  15:32 UK 
9,800                             64.50 pence                  15:38 UK 
7,898                             64.50 pence                  15:38 UK 
78                                64.50 pence                  15:38 UK 
600                               64.50 pence                  15:38 UK 
6,083                             64.50 pence                  15:38 UK 
4,192                             64.50 pence                  15:38 UK 
2,506                             64.50 pence                  15:41 UK 
2,137                             64.50 pence                  15:41 UK 
183                               64.50 pence                  15:41 UK 
2,102                             64.50 pence                  15:41 UK 
900                               64.50 pence                  15:41 UK 
13,521                            64.50 pence                  15:41 UK 
16,658                            65.00 pence                  16:21 UK 
6,746                             65.00 pence                  16:21 UK 
9,912                             65.00 pence                  16:21 UK 
16,658                            65.00 pence                  16:21 UK 
26                                65.00 pence                  16:21 UK 
1,598                             65.50 pence                  16:35 UK 
30,000                            65.50 pence                  16:35 UK 
25,000                            65.50 pence                  16:35 UK 
26,480                            65.50 pence                  16:35 UK 
1,218                             65.50 pence                  16:35 UK 
3,316                             65.50 pence                  16:35 UK 
11,672                            65.50 pence                  16:35 UK 
716                               65.50 pence                  16:35 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 190 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 186 franchised sales outlets and 
 4 non-franchised sales operations from 141 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

POSUBUWROKUURAA

(END) Dow Jones Newswires

December 08, 2023 02:00 ET (07:00 GMT)

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