VERTU MOTORS PLC

Transaction in Own Shares • Mar 7, 2022

National Storage Mechanism | Additional information

RNS Number : 7599D

Vertu Motors PLC

07 March 2022

07 March 2022

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 04 March 2022, it purchased 259,374 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	04 March 2022
Number of ordinary shares purchased	259,374
Highest price paid per ordinary share	60.40 pence
Lowest price paid per ordinary share	58.00 pence
Volume weighted average price paid per ordinary share	59.3590 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 359,163,598 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:	04 March 2022

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
259,374	59.3590	London Stock Exchange

Individual transactions:-

18,666	60.40 pence	09:04 UK
4,781	60.40 pence	09:04 UK
1,283	60.40 pence	09:04 UK
12,602	60.40 pence	09:04 UK
18,666	60.40 pence	09:04 UK
217	60.40 pence	09:04 UK
3,159	60.40 pence	09:04 UK
3,776	59.80 pence	09:05 UK
3,059	59.80 pence	09:07 UK
597	59.80 pence	09:07 UK
10,256	59.80 pence	09:07 UK
597	59.80 pence	09:07 UK
17,688	59.80 pence	09:07 UK
13,900	59.80 pence	09:13 UK
127	59.80 pence	09:13 UK
16,309	59.40 pence	09:24 UK
478	59.40 pence	09:24 UK
3,701	59.40 pence	09:24 UK
7,870	59.40 pence	09:24 UK
4,738	59.40 pence	09:24 UK
13,819	59.40 pence	09:24 UK
3,085	59.40 pence	09:24 UK
1,483	59.00 pence	09:56 UK
14,849	59.00 pence	09:56 UK
8,224	59.00 pence	09:56 UK
8,108	59.00 pence	09:56 UK
4,209	59.00 pence	10:03 UK
12,123	59.00 pence	10:04 UK
1,004	59.00 pence	10:04 UK
22,243	58.00 pence	10:08 UK
1,100	58.00 pence	10:08 UK
1,212	58.00 pence	12:05 UK
551	58.00 pence	12:05 UK
667	58.00 pence	12:05 UK
1,601	58.00 pence	12:05 UK
988	58.00 pence	12:13 UK
16,124	58.00 pence	12:13 UK
3,147	58.00 pence	12:13 UK
2,367	58.00 pence	12:13 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 159 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 155 franchised sales outlets and 4 non-franchised sales operations from 120 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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