VERTU MOTORS PLC

Transaction in Own Shares • May 24, 2022

National Storage Mechanism | Additional information

RNS Number : 5151M

Vertu Motors PLC

24 May 2022

24 May 2022

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 23 May 2022, it purchased 230,699 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	23 May 2022
Number of ordinary shares purchased	230,699
Highest price paid per ordinary share	56.30 pence
Lowest price paid per ordinary share	54.10 pence
Volume weighted average price paid per ordinary share	55.6896 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 355,612,964 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 May 2022

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
230,699	55.6896	London Stock Exchange

Individual Transactions:

3,780	54.10 pence	08:55 UK
6,200	56.00 pence	13:40 UK
1,800	56.00 pence	13:40 UK
1,240	56.00 pence	13:40 UK
49	56.00 pence	13:40 UK
802	56.00 pence	13:45 UK
2,309	56.00 pence	13:45 UK
4,220	56.30 pence	13:51 UK
5,780	56.30 pence	13:51 UK
6,200	56.00 pence	14:11 UK
216	56.00 pence	14:11 UK
5,984	56.00 pence	14:11 UK
6,200	56.00 pence	14:11 UK
4,991	56.00 pence	14:11 UK
1,209	56.00 pence	14:11 UK
117	56.00 pence	14:11 UK
6,083	56.00 pence	14:11 UK
6,200	56.00 pence	14:12 UK
400	56.00 pence	14:12 UK
25,000	55.60 pence	14:20 UK
50,000	55.60 pence	14:20 UK
16,919	55.60 pence	14:21 UK
50,000	55.60 pence	14:21 UK
825	55.40 pence	14:55 UK
769	55.60 pence	15:27 UK
8,406	55.60 pence	15:43 UK
689	55.60 pence	16:12 UK
4,268	55.60 pence	16:12 UK
2,469	55.60 pence	16:12 UK
2,574	55.60 pence	16:12 UK
898	55.50 pence	16:28 UK
4,102	55.50 pence	16:28 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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