VERTU MOTORS PLC

Transaction in Own Shares • Aug 27, 2019

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RNS Number : 2344K

Vertu Motors PLC

27 August 2019

27 August 2019

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 23 August 2019, it purchased 144,363 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 24 July 2019 as follows:

Date of purchase	23 August 2019
Number of ordinary shares purchased	144,363
Highest price paid per ordinary share	34.00 pence
Lowest price paid per ordinary share	33.50 pence
Volume weighted average price paid per ordinary share	33.9058 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 370,689,151 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:	23 August 2019

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
144,363	33.9058	London Stock Exchange

Individual transactions:

478	33.50 pence	08:27 UK
50,000	34.00 pence	09:23 UK
43,885	34.00 pence	09:56 UK
1,795	33.70 pence	10:09 UK
1,784	33.70 pence	11:05 UK
1,866	33.70 pence	11:31 UK
2,139	33.70 pence	11:57 UK
4	33.70 pence	12:02 UK
48	33.70 pence	12:02 UK
3	33.70 pence	12:02 UK
42	33.70 pence	12:02 UK
571	33.70 pence	12:02 UK
2	33.70 pence	12:02 UK
694	33.70 pence	12:02 UK
21	33.70 pence	12:02 UK
8,166	33.70 pence	12:02 UK
32,865	33.75 pence	13:34 UK

For further information please contact:

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

Notes to Editors

Vertu Motors is the fifth largest automotive retailer in the UK with a network of 123 sales outlets across the UK. Its' dealerships operate predominantly under the Bristol Street Motors, Vertu, Farnell 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 120 franchised sales outlets and 3 non-franchised sales operations from 104 locations across the UK.

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

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

Vertu brand websites - www.bristolstreet.co.uk / www.vertuhonda.com / www.vertutoyota.com / www.macklinmotors.co.uk / www.farnelllandrover.com / www.farnelljaguar.com / www.vertuvolkswagen.com / www.vertumercedes-benz.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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