REG - Vertu Motors PLC - Transaction in Own Shares

Vertu MotorsAnnouncement

31/10/2023 07:00

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RNS Number : 7770R  Vertu Motors PLC  31 October 2023

 31 October 2023
 Vertu Motors plc

 ("Vertu Motors" or the "Company")

 Transaction in Own Shares

 Vertu Motors plc (AIM: VTU) announces that on 30 October 2023 it purchased
 28,478 ordinary shares of 10p each in the Company (the "Repurchased Shares"),
 pursuant to the share buyback programme (the "Buyback Programme") that was
 announced on 9 October 2023, as follows (together the
 "Transaction"):

 Date of purchase                                                 30 October 2023
 Number of ordinary shares purchased                              28,478
 Highest price paid per ordinary share                            74 pence
 Lowest price paid per ordinary share                             74 pence
 Volume weighted average price paid per ordinary share            74 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 340,752,756 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:                  30 October 2023

 Aggregate information:

 Aggregated Volume                   Volume-weighted              Venue

average price (pence)
 28,478                              74                           London Stock Exchange

 Individual transactions:

 2,116                               74.00 pence                  11:30 UK
 110                                 74.00 pence                  11:30 UK
 2,000                               74.00 pence                  11:30 UK
 8                                   74.00 pence                  11:30 UK
 2,000                               74.00 pence                  11:30 UK
 233                                 74.00 pence                  11:30 UK
 8                                   74.00 pence                  11:30 UK
 8                                   74.00 pence                  11:50 UK
 305                                 74.00 pence                  11:50 UK
 878                                 74.00 pence                  14:47 UK
 5,149                               74.00 pence                  14:47 UK
 5,149                               74.00 pence                  14:47 UK
 7,666                               74.00 pence                  14:47 UK
 1,891                               74.00 pence                  14:47 UK
 850                                 74.00 pence                  14:47 UK
 26                                  74.00 pence                  14:47 UK
 81                                  74.00 pence                  14:51 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 140 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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