REG - Vertu Motors PLC - Management of share buyback programme

Vertu MotorsAnnouncement

11/04/2025 07:02

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RNS Number : 6004E  Vertu Motors PLC  11 April 2025

 11 April 2025
 Vertu Motors plc

 ("Vertu Motors" or the "Company")

 Management of share buyback programme and notice of year end results

 Since the Group began Share Buybacks in October 2018, over £36.8m has been
 returned to shareholders, reducing the Company's shares in issue by 17.5% over
 the same period.

 Further to the £12 million share buyback programme announced on 6 February
 2025 (the "Buyback Programme") of which £1.9 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 14 April 2025 and ending
 13 May 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.

 The Company also confirms that it will announce its preliminary results for
 the year ended 28 February 2025 on Wednesday 14 May 2025.

 Vertu Motors plc

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

 Phil Clark, Investor Relations

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

 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 198 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. The Group currently operates 195 franchised sales outlets and 3
 non-franchised sales operations from 154 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
 (https://investors.vertumotors.com) / www.vertucareers.com
 (http://www.vertucareers.com)

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

 

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