REG - Vertu Motors PLC - Share Buyback Programme

Vertu MotorsAnnouncement

Today 07:02

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RNS Number : 4013V  Vertu Motors PLC  05 March 2026

5 March 2026

Vertu Motors plc

("Vertu Motors" or the "Group")

Share Buyback Programme

The Board announces that it has agreed a further £12m share buyback
programme  (the "Buyback Programme").  This reflects the Board's intention
to increase capital allocation to buybacks.

Under the Buyback Programme the Company will, at appropriate times, seek to
buy back its Ordinary Shares using the Company's existing cash resources for
an amount up to £12 million (the "Maximum Amount"). The Board believes that
this is an appropriate use of capital and will continue a programme of
buybacks as a relevant element of returns to shareholders, alongside dividend
payments.

The Company has entered into an agreement for its broker Shore Capital
Stockbrokers Limited ("Shore") to carry out purchases of its Ordinary Shares
under the Buyback Programme on its behalf. As and when requested to do so by
the Company, Shore will seek to purchase Ordinary Shares with total purchases
over the programme up to the Maximum Amount.

The share repurchases will be carried out on the London Stock Exchange and
will be effected within certain pre-set parameters and in accordance with the
Company's general authority to purchase its Ordinary Shares granted by its
shareholders. The Company has remaining authority to purchase up to a maximum
of 21,696,787 Ordinary Shares and the Company intends to seek a renewal of the
general authority to purchase Ordinary Shares at the 2026 AGM for up to
approximately 10% of the issued share capital. Share repurchases under the
Buyback Programme may be undertaken until the earlier of the Maximum Amount
being repurchased and 28 February 2027. All Ordinary Shares repurchased under
the Buyback Programme will be cancelled.

The Company will make further announcements in due course following the
completion of any share repurchases.  There is no certainty that the Buyback
Programme will be implemented in full.

The Buyback Programme, the purpose of which is to reduce the Ordinary Share
capital of the Company, will, insofar as is possible, be effected within the
safe harbour parameters of the Market Abuse Regulation 596/2014/EU and the
Commission Delegated Regulation 2016/1052/EU, each as incorporated into UK
domestic law by the European Union (Withdrawal) Act 2018.  However, the
Buyback Programme may on any given day represent a significant proportion of
the daily trading volume in the Ordinary Shares and could therefore exceed 25%
of the daily trading volume. In this case, the Group would not benefit from
the exemption contained in Article 5(1) of the UK version of the Market Abuse
Regulation.

For further information please contact:

 Vertu Motors plc
 Robert Forrester, CEO                             Tel: 0191 491 2121
 Karen Anderson, CFO
 Phil Clark, Investor Relations                    PClark@vertumotors.com

 Stifel (Nominated Adviser and Broker)
 Matthew Blawat                                    Tel: 0207 710 7688

 Callum Stewart

 Shore Capital (Joint Broker)
 Mark Percy / Sophie Collins (Corporate Advisory)  Tel: 0207 408 4090

 Isobel Jones (Corporate Broking)

 Camarco
 Billy Clegg                                       Tel: 0203 757 4980

 Tom Huddart

 Blackdown Partners (Joint Financial Advisor)      Tel: 0754 9954255
 Peter Tracey
 Tom Fyson

 Evercore (Joint Financial Adviser)                Tel: 0207 653 6000
 Ed Banks
 Dimitrios Georgiou

 

 Notes to Editors
 Vertu Motors is the fourth largest automotive retailer in the UK with a
 network of 188 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://url.avanan.click/v2/r02/___https:/investors.vertumotors.com___.YXAxZTpzaG9yZWNhcDphOm86ZjAwZmFkNTk1YTI5NTNjNDhjNTQ4ZTgyMTYyZGQ3YTU6NzphZTExOmYyYWVkNDFmYTRiOTg4NGVhYmNlN2ExNTQ4ZGFmMzY4ZDY1NGRmYjM0N2MwZjlmZTgxYTRmOTZmYWQ2ZDYxYTM6cDpGOk4)
 / www.vertucareers.com
 (https://url.avanan.click/v2/r02/___http:/www.vertucareers.com___.YXAxZTpzaG9yZWNhcDphOm86ZjAwZmFkNTk1YTI5NTNjNDhjNTQ4ZTgyMTYyZGQ3YTU6NzpmM2FlOmM3Y2FlM2U4ZTVkNDc5MzJlMmM5ZDdmNTE2NzFmN2U4Mjc3Y2I3NzQ4MjE2MDYzYzBjNDQ1MGYzOGI3MTk2YzA6cDpGOk4)

 Vertu brand websites - www.vertumotors.com
 (https://url.avanan.click/v2/r02/___http:/www.vertumotors.com___.YXAxZTpzaG9yZWNhcDphOm86ZjAwZmFkNTk1YTI5NTNjNDhjNTQ4ZTgyMTYyZGQ3YTU6Nzo5NmE0Ojg3NjQyZWNmNzNlOWY0NThlMzAwOTE2MjMzYzczZTVhMTI2MTQ4YWZmOGQ4MWM3ZjE1YzhlODVjOTBhMjQ4Zjk6cDpGOk4)

 

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