Vertu Motors PLC Transaction in Own Shares (8742K)
August 31 2023 - 2:00AM
UK Regulatory
TIDMVTU
RNS Number : 8742K
Vertu Motors PLC
31 August 2023
31 August 2023
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 30 August 2023
it purchased 252,778 ordinary shares of 10p each in the Company
(the "Repurchased Shares"), pursuant to the share buyback programme
(the "Buyback Programme") that was announced on 13 June 2023,
as follows (together the "Transaction"):
Date of purchase 30 August 2023
Number of ordinary shares purchased 252,778
Highest price paid per ordinary share 69.3 pence
Lowest price paid per ordinary share 68 pence
Volume weighted average price paid per ordinary share 68.3659 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 341,320,584
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: 30 August 2023
Aggregate information:
Aggregated Volume Volume-weighted Venue
average price (pence)
252,778 68.3659 London Stock Exchange
Individual transactions:
9,064 69.30 pence 08:02 UK
14,524 68.50 pence 09:00 UK
476 68.50 pence 09:01 UK
15,000 68.50 pence 09:01 UK
2,805 68.20 pence 09:57 UK
6,768 68.20 pence 09:57 UK
1,614 68.20 pence 09:57 UK
114 68.20 pence 10:39 UK
1,853 68.20 pence 10:39 UK
5,992 68.20 pence 10:40 UK
10,854 68.20 pence 10:40 UK
8,710 68.00 pence 10:40 UK
1,765 68.00 pence 10:40 UK
1,576 68.00 pence 10:40 UK
449 68.00 pence 10:40 UK
701 68.00 pence 10:40 UK
288 68.00 pence 10:40 UK
51 68.00 pence 10:40 UK
11,399 68.00 pence 10:56 UK
684 68.00 pence 10:56 UK
30 68.00 pence 10:56 UK
48 68.00 pence 11:17 UK
12,500 68.00 pence 11:17 UK
11,135 68.00 pence 11:17 UK
664 68.00 pence 11:17 UK
30,000 68.00 pence 11:51 UK
15,000 68.00 pence 14:10 UK
4,311 68.00 pence 14:10 UK
4,448 68.00 pence 14:10 UK
10,552 68.00 pence 14:11 UK
6,621 68.40 pence 14:24 UK
6,018 69.00 pence 15:40 UK
23,500 69.00 pence 15:40 UK
174 69.00 pence 15:51 UK
5,065 69.00 pence 15:51 UK
1 68.60 pence 16:21 UK
13,917 68.60 pence 16:21 UK
393 68.60 pence 16:21 UK
13,714 69.00 pence 16:35 UK
Vertu Motors plc Tel: +44 (0) 191 491 2121
Robert Forrester, CEO
Karen Anderson, CFO
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 189 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 185 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
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
POSURAURONUWOUR
(END) Dow Jones Newswires
August 31, 2023 02:00 ET (06:00 GMT)
Vertu Motors (AQSE:VTU.GB)
Historical Stock Chart
From Dec 2024 to Jan 2025
Vertu Motors (AQSE:VTU.GB)
Historical Stock Chart
From Jan 2024 to Jan 2025
