REG - Vertu Motors PLC - Transaction in Own Shares

Vertu MotorsAnnouncement

04/09/2023 07:00

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RNS Number : 2576L  Vertu Motors PLC  04 September 2023

 4 September 2023
 Vertu Motors plc

 ("Vertu Motors" or the "Company")

 Transaction in Own Shares

 Vertu Motors plc (AIM: VTU) announces that on 1 September 2023 it purchased
 47,787 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                                                 1 September 2023
 Number of ordinary shares purchased                              47,787
 Highest price paid per ordinary share                            69.5 pence
 Lowest price paid per ordinary share                             68.5 pence
 Volume weighted average price paid per ordinary share            68.9895 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 341,234,981 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:                  1 September 2023

 Aggregate information:

 Aggregated Volume                   Volume-weighted              Venue

average price (pence)
 47,787                              68.9895                      London Stock Exchange

 Individual transactions:

 2,490                               68.50 pence                  09:54 UK
 2,499                               68.50 pence                  09:54 UK
 729                                 68.50 pence                  09:54 UK
 572                                 68.50 pence                  09:54 UK
 113                                 68.50 pence                  10:55 UK
 2,490                               68.90 pence                  11:00 UK
 2,499                               68.90 pence                  11:00 UK
 3,200                               68.90 pence                  11:00 UK
 15                                  68.90 pence                  11:06 UK
 14,800                              68.90 pence                  11:27 UK
 113                                 68.90 pence                  11:27 UK
 616                                 68.90 pence                  11:27 UK
 29                                  68.90 pence                  11:27 UK
 1,238                               68.90 pence                  11:27 UK
 5,257                               69.00 pence                  15:43 UK
 187                                 69.40 pence                  15:59 UK
 3,440                               69.40 pence                  15:59 UK
 7,500                               69.50 pence                  16:15 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
 (https://investors.vertumotors.com) / www.vertucareers.com
 (http://www.vertucareers.com)

Vertu brand websites - www.vertumotors.com (http://www.vertumotors.com) /
 www.bristolstreet.co.uk (http://www.bristolstreet.co.uk) / www.vertuhonda.com
 (http://www.vertuhonda.com) / www.vertutoyota.com (http://www.vertutoyota.com)
 / www.macklinmotors.co.uk (http://www.macklinmotors.co.uk) /
 www.vertumotorcyles.com (http://www.vertumotorcyles.com)

 

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