VERTU MOTORS PLC

Transaction in Own Shares • Jun 21, 2022

National Storage Mechanism | Additional information

RNS Number : 5375P

Vertu Motors PLC

21 June 2022

21 June 2022

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 20 June 2022, it purchased 128,111 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 07 June 2022 as follows:

Date of purchase	20 June 2022
Number of ordinary shares purchased	128,111
Highest price paid per ordinary share	52.50 pence
Lowest price paid per ordinary share	51.80 pence
Volume weighted average price paid per ordinary share	52.2714 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 351,564,208 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:	20 June 2022

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
128,111	52.2714	London Stock Exchange

Individual Transactions:

1,590	52.00 pence	10:40 UK
1,477	52.00 pence	10:40 UK
1,232	52.00 pence	10:40 UK
5,713	52.00 pence	11:59 UK
13,469	52.00 pence	11:59 UK
594	52.00 pence	11:59 UK
925	52.00 pence	11:59 UK
2,300	51.80 pence	12:14 UK
3,084	51.80 pence	12:44 UK
2,400	51.80 pence	13:15 UK
2,668	51.80 pence	13:54 UK
2,142	51.80 pence	13:54 UK
2,700	52.00 pence	14:22 UK
7,500	52.50 pence	16:14 UK
827	52.50 pence	16:14 UK
521	52.50 pence	16:14 UK
3,966	52.50 pence	16:14 UK
424	52.50 pence	16:14 UK
115	52.50 pence	16:14 UK
434	52.50 pence	16:14 UK
4,343	52.50 pence	16:14 UK
884	52.50 pence	16:14 UK
8,848	52.50 pence	16:14 UK
4,213	52.50 pence	16:14 UK
463	52.50 pence	16:14 UK
4,635	52.50 pence	16:14 UK
884	52.50 pence	16:14 UK
8,848	52.50 pence	16:14 UK
8,848	52.50 pence	16:14 UK
3,764	52.50 pence	16:14 UK
2,000	52.40 pence	16:14 UK
7,706	52.40 pence	16:14 UK
76	52.00 pence	16:18 UK
3,044	52.00 pence	16:18 UK
6,364	52.00 pence	16:18 UK
152	52.40 pence	16:35 UK
113	52.40 pence	16:35 UK
1	52.40 pence	16:35 UK
3,132	52.40 pence	16:35 UK
76	52.40 pence	16:35 UK
57	52.40 pence	16:35 UK
1,290	52.40 pence	16:35 UK
178	52.40 pence	16:35 UK
1,259	52.40 pence	16:35 UK
678	52.40 pence	16:35 UK
231	52.40 pence	16:35 UK
409	52.40 pence	16:35 UK
237	52.40 pence	16:35 UK
164	52.40 pence	16:35 UK
7	52.40 pence	16:35 UK
284	52.40 pence	16:35 UK
842	52.40 pence	16:35 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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