REG - Vertu Motors PLC - Management of share buyback & notice of HY results

Vertu MotorsAnnouncement

08/09/2025 07:00

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RNS Number : 2980Y  Vertu Motors PLC  08 September 2025

 8 September 2025
 Vertu Motors plc

 ("Vertu Motors" or the "Company")

 Management of share buyback programme and notice of interim results

 Since the Group began Share Buybacks in July 2017, over £41m has been
 returned to shareholders, reducing the Company's shares in issue by over 19%.

 Further to the £12 million share buyback programme announced on 6 February
 2025 (the "Buyback Programme") of which £6.5 million has been deployed to
 date, the Company announces that it has entered into an irrevocable and
 non-discretionary agreement with Stifel Nicolaus Europe Limited ("Stifel") to
 purchase shares during the closed period commencing 8 September 2025 and
 ending 7 October 2025. Stifel will make its trading decisions in relation to
 the Company's shares independently of and uninfluenced by the Company.

 Any share purchases will be effected within certain pre-set parameters and in
 accordance with the remaining terms of the Buyback Programme.

 .

 

 Vertu Motors plc                                                             Tel: +44 (0) 191 491 2121
 Robert Forrester, CEO
 Karen Anderson, CFO

 Phil Clark, Investor Relations

 Stifel (Nominated Adviser and Joint Broker)               Tel: +44 (0) 207 710 7688
 Matthew Blawat
 Nick Harland

 Shore Capital (Joint Broker)                                                 Tel: +44 (0) 20 7408 4090
 Mark Percy / Sophie Collins (Corporate Advisory)
 Isobel Jones (Corporate Broking)

 Camarco                                                                      Tel: +44 (0) 203 757 4980
 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.

 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.

 Vertu's Mission Statement is to "deliver an outstanding customer motoring
 experience through honesty and trust".

 Vertu Motors Group websites - https://investors.vertumotors.com
 (https://investors.vertumotors.com) / www.vertucareers.com
 (http://www.vertucareers.com)

Vertu brand websites - www.vertumotors.com (http://www.vertumotors.com) /
 www.vertumotorcycles.com (http://www.vertumotorcycles.com)

 

 

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