VERTU MOTORS PLC

Transaction in Own Shares • Jul 5, 2022

National Storage Mechanism | Additional information

RNS Number : 2645R

Vertu Motors PLC

05 July 2022

05 July 2022

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 04 July 2022, it purchased 74,397 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	04 July 2022
Number of ordinary shares purchased	74,397
Highest price paid per ordinary share	54.00 pence
Lowest price paid per ordinary share	53.90 pence
Volume weighted average price paid per ordinary share	53.9553 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 350,580,164 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 July 2022

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
74,397	53.9553	London Stock Exchange

Individual Transactions:

635	53.90 pence	12:22 UK
6,965	53.90 pence	12:29 UK
7,600	53.90 pence	13:09 UK
1,000	53.90 pence	13:09 UK
1,000	53.90 pence	13:09 UK
6,600	53.90 pence	13:09 UK
1,939	53.90 pence	13:09 UK
4,979	53.90 pence	13:09 UK
244	53.90 pence	13:09 UK
682	53.90 pence	13:09 UK
1,647	53.90 pence	13:15 UK
8,127	54.00 pence	15:03 UK
2,338	54.00 pence	16:25 UK
1,393	54.00 pence	16:25 UK
2,625	54.00 pence	16:26 UK
1,058	54.00 pence	16:28 UK
852	54.00 pence	16:35 UK
852	54.00 pence	16:35 UK
2,230	54.00 pence	16:35 UK
853	54.00 pence	16:35 UK
6,222	54.00 pence	16:35 UK
775	54.00 pence	16:35 UK
765	54.00 pence	16:35 UK
934	54.00 pence	16:35 UK
920	54.00 pence	16:35 UK
765	54.00 pence	16:35 UK
765	54.00 pence	16:35 UK
5,088	54.00 pence	16:35 UK
3,831	54.00 pence	16:35 UK
713	54.00 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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

POSUSVVRUKUBRAR