Vertu Motors PLC Transaction in Own Shares (8306M)

TIDMVTU

RNS Number : 8306M

Vertu Motors PLC

26 May 2022

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 25 May 2022 , it purchased 90,010 ordinary shares of 10p each in the Company on the London Stock Exchange (the "Repurchased Shares"), pursuant to the share buyback programme (the "Buyback Programme") that was announced on 02 March 2022 as follows:

 
  Date of purchase                                   25 May 2022 
   Number of ordinary shares purchased                90,010 
   Highest price paid per ordinary share              56.00 pence 
   Lowest price paid per ordinary share               54.90 pence 
   Volume weighted average price paid per ordinary    55.4570 pence 
    share

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 355,397,954 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, are set out below:

Schedule of Purchases:

 
 Shares purchased:    Vertu Motors plc (ISIN: GB00B1GK4645) 
 Date of purchases:   25 May 2022

Aggregate information:

 
 
              Volume-weighted 
 Aggregated    average price 
  Volume       (pence)          Venue 
 
   90,010     55.4570            London Stock Exchange 
 
 
Individual Transactions: 
           5,000   54.90 pence   08:22 UK 
           2,082   54.90 pence   09:13 UK 
           3,410   54.90 pence   09:13 UK 
             821   54.90 pence   10:05 UK 
             187   54.90 pence   10:05 UK 
           5,353   54.90 pence   10:05 UK 
             536   54.90 pence   10:05 UK 
           1,147   54.90 pence   10:05 UK 
           1,147   54.90 pence   10:05 UK 
             832   55.20 pence   10:08 UK 
             821   55.20 pence   10:08 UK 
           7,800   55.20 pence   10:08 UK 
             547   55.20 pence   10:08 UK 
           5,317   55.30 pence   12:58 UK 
           2,500   55.30 pence   13:03 UK 
           7,500   55.30 pence   13:03 UK 
             279   55.50 pence   13:57 UK 
           2,221   55.50 pence   13:57 UK 
           7,500   55.50 pence   13:57 UK 
             437   55.50 pence   13:57 UK 
           2,604   55.50 pence   13:57 UK 
           1,736   55.50 pence   13:57 UK 
             233   55.50 pence   14:34 UK 
           5,000   55.80 pence   15:52 UK 
           1,519   56.00 pence   16:15 UK 
          23,481   56.00 pence   16:15 UK

For further information please contact:

 
 Vertu Motors plc 
 Robert Forrester, CEO   Tel: 0191 491 2111 
 Karen Anderson, CFO     Tel: 0191 491 2112 
 
 Zeus Capital Limited    Tel: 020 3829 5000 
 Jamie Peel 
 Andrew Jones 
 Dominic King 
 
 Camarco                 Tel: 020 3757 4983 
 Billy Clegg 
 Tom Huddart

Notes to Editors

Vertu Motors is the fifth largest automotive retailer in the UK with a network of 160 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 156 franchised sales outlets and 4 non-franchised sales operations from 121 locations across the UK.

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

Vertu Motors Group websites - investors.vertumotors.com / www.vertucareers.com

Vertu brand websites - www.vertumotors.com / www.bristolstreet.co.uk / www.macklinmotors.co.uk / www.vertumotorcycles.com

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May 26, 2022 02:00 ET (06:00 GMT)

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