Vertu Motors PLC Transaction in Own Shares (2091P)

TIDMVTU

RNS Number : 2091P

Vertu Motors PLC

17 June 2022

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 16 June 2022 , it purchased 218,307 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 07 June 2022 as follows:

 
  Date of purchase                                   16 June 2022 
   Number of ordinary shares purchased                218,307 
   Highest price paid per ordinary share              53.50 pence 
   Lowest price paid per ordinary share               52.50 pence 
   Volume weighted average price paid per ordinary    52.9822 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 351,692,319 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:   16 June 2022

Aggregate information:

 
 
              Volume-weighted 
 Aggregated    average price 
  Volume       (pence)          Venue 
 
   218,307    52.9822            London Stock Exchange 
 
 
Individual Transactions: 
    6,335    53.50 pence   08:25 
                             UK 
     1,972    53.50 pence   08:25 
                             UK 
     2,920    53.50 pence   08:29 
                             UK 
     7,080    53.50 pence   08:29 
                             UK 
     6,400    53.00 pence   08:49 
                             UK 
     7,568    53.00 pence   08:49 
                             UK 
     6,400    53.00 pence   08:49 
                             UK 
     4,632    53.00 pence   10:00 
                             UK 
     41,891   52.50 pence   10:10 
                             UK 
     8,109    52.50 pence   10:10 
                             UK 
     8,571    52.50 pence   10:21 
                             UK 
     7,309    52.50 pence   10:21 
                             UK 
     7,252    52.50 pence   10:21 
                             UK 
     1,811    52.50 pence   10:21 
                             UK 
     57       52.50 pence   10:21 
                             UK 
     21,814   53.20 pence   14:23 
                             UK 
     819      53.40 pence   15:04 
                             UK 
     7,000    53.40 pence   15:04 
                             UK 
     367      53.40 pence   15:04 
                             UK 
     379      53.40 pence   15:07 
                             UK 
     4,621    53.40 pence   15:09 
                             UK 
     3,224    53.40 pence   15:18 
                             UK 
     5,495    53.30 pence   15:40 
                             UK 
     6,281    53.30 pence   15:40 
                             UK 
     3,438    53.40 pence   15:55 
                             UK 
     3,483    53.40 pence   15:55 
                             UK 
     807      53.40 pence   15:55 
                             UK 
     7,000    53.40 pence   15:55 
                             UK 
     204      53.40 pence   15:55 
                             UK 
     223      53.40 pence   15:55 
                             UK 
     1,137    53.40 pence   15:55 
                             UK 
     8,708    53.40 pence   15:55 
                             UK 
     21       53.00 pence   16:17 
                             UK 
     9,979    53.00 pence   16:17 
                             UK 
     200      53.00 pence   16:20 
                             UK 
     10,000   53.00 pence   16:20 
                             UK 
     4,800    53.00 pence   16:21 
                             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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June 17, 2022 02:00 ET (06:00 GMT)

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