VERTU MOTORS PLC

Transaction in Own Shares • Nov 25, 2021

National Storage Mechanism | Additional information

RNS Number : 5238T

Vertu Motors PLC

25 November 2021

25 November 2021

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 24 November 2021, it purchased 167,557 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 05 November 2021 as follows:

Date of purchase	24 November 2021
Number of ordinary shares purchased	167,557
Highest price paid per ordinary share	63.40 pence
Lowest price paid per ordinary share	62.00 pence
Volume weighted average price paid per ordinary share	62.9524 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 363,410,234 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:	24 November 2021

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
167,557	62.9524	London Stock Exchange

Individual Transactions:

9

63.40 pence

08:00 UK

1

63.40 pence

08:00 UK

945

63.40 pence

09:35 UK

5,000

63.40 pence

09:35 UK

1,801

63.40 pence

09:40 UK

4,132

63.40 pence

09:40 UK

4,737

63.40 pence

09:40 UK

963

63.40 pence

09:40 UK

2,957

63.40 pence

09:40 UK

1,106

63.40 pence

09:40 UK

256

63.40 pence

09:40 UK

5,823

63.40 pence

09:40 UK

3,878

63.40 pence

09:40 UK

967

63.40 pence

09:40 UK

1,260

63.40 pence

09:40 UK

1,928

63.40 pence

09:40 UK

2,370

63.40 pence

09:40 UK

330

63.40 pence

09:40 UK

5,159

63.40 pence

09:40 UK

12,429

63.40 pence

09:40 UK

3,836

63.40 pence

09:40 UK

286

63.40 pence

09:40 UK

445

63.40 pence

09:40 UK

3,836

63.40 pence

09:40 UK

530

63.40 pence

09:40 UK

578

63.40 pence

09:40 UK

111

63.40 pence

09:40 UK

1,000

63.40 pence

09:40 UK

788

63.40 pence

09:42 UK

96

63.40 pence

10:01 UK

25,000

63.00 pence

10:21 UK

22,060

63.00 pence

10:21 UK

2,940

63.00 pence

10:21 UK

15,001

62.60 pence

10:32 UK

8,905

62.60 pence

10:32 UK

1,094

62.60 pence

10:32 UK

25,000

62.00 pence

10:58 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 154 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 150 franchised sales outlets and 4 non-franchised sales operations from 118 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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