VERTU MOTORS PLC

Transaction in Own Shares • Sep 3, 2021

National Storage Mechanism | Additional information

RNS Number : 6097K

Vertu Motors PLC

03 September 2021

03 September 2021

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 02 September 2021, it purchased 177,601 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 20 August 2021 as follows:

Date of purchase	02 September 2021
Number of ordinary shares purchased	177,601
Highest price paid per ordinary share	56.00 pence
Lowest price paid per ordinary share	55.00 pence
Volume weighted average price paid per ordinary share	55.6475 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 368,215,232 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:	02 September 2021

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
177,601	55.6475	London Stock Exchange

Individual transactions:

45,500	56.00 pence	10:16 UK
4,500	56.00 pence	10:16 UK
2,500	55.80 pence	10:35 UK
4,473	55.80 pence	10:35 UK
895	55.80 pence	10:35 UK
17,132	55.80 pence	10:35 UK
25,000	55.80 pence	10:35 UK
10,000	55.60 pence	10:55 UK
15,000	55.60 pence	10:56 UK
3,799	55.40 pence	11:18 UK
21,201	55.40 pence	11:29 UK
27,600	55.00 pence	12:11 UK
1	56.00 pence	16:35 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 155 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 151 franchised sales outlets and 4 non-franchised sales operations from 116 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.vertucareers.com

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

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