Vertu Motors PLC Transaction in Own Shares
July 26 2024 - 2:00AM
RNS Regulatory News
RNS Number : 9371X
Vertu Motors PLC
26 July 2024
26 July 2024
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Vertu Motors
plc
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("Vertu
Motors" or the "Company")
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Transaction in Own
Shares
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Vertu Motors plc (AIM: VTU) announces
that on 25 July 2024 it purchased 159,423 ordinary shares of 10p
each in the Company (the "Repurchased Shares"), pursuant to the
share buyback programme (the "Buyback Programme") that was
announced on 15 May 2024, as follows (together the
"Transaction"):
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Date of purchase
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25 July 2024
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Number of ordinary shares
purchased
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159,423
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Highest price paid per ordinary
share
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73.5 pence
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Lowest price paid per ordinary
share
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72.6 pence
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Volume weighted average price paid
per ordinary share
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73.2234 pence
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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 335,926,860
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.
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The Company will make further
announcements in due course following the completion of any further
purchases pursuant to the Buyback
Programme.
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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, Stifel Nicolaus Europe
Limited ("Stifel"), are set out below:
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Schedule of Purchases:
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Shares
purchased:
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Vertu Motors plc (ISIN:
GB00B1GK4645)
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Date of
purchases:
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25 July 2024
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Aggregate information:
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Aggregated Volume
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Volume-weighted
average price (pence)
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Venue
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159,423
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73.2234
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London Stock Exchange
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Individual transactions:
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106
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72.6 pence
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13:19 UK
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2,000
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72.6 pence
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13:27 UK
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2,000
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72.6 pence
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13:27 UK
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4,072
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72.6 pence
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13:27 UK
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2,000
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72.6 pence
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13:27 UK
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2,000
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72.6 pence
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13:27 UK
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2,000
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72.6 pence
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13:27 UK
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106
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72.6 pence
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13:27 UK
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50
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72.6 pence
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13:27 UK
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106
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72.6 pence
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13:39 UK
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106
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72.6 pence
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14:00 UK
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62,000
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73.0 pence
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14:55 UK
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82,877
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73.5 pence
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16:35 UK
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Vertu Motors plc
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Tel: +44 (0) 191 491
2121
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Robert Forrester, CEO
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Karen Anderson, CFO
Phil Clark, Investor
Relations
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Stifel (Nominated Adviser and Broker)
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Tel: +44 (0) 207 710
7688
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Matthew Blawat
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Nick Harland
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Camarco
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Tel: +44 (0) 203 757
4983
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Billy Clegg
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Tom Huddart
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Notes to Editors
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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.
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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 144 locations across the UK.
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Vertu's Mission Statement is to
"deliver an outstanding customer motoring experience through
honesty and trust".
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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.vertumotorcycles.com
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