VERTU MOTORS PLC

Transaction in Own Shares • May 31, 2023

National Storage Mechanism | Additional information

RNS Number : 1442B

Vertu Motors PLC

31 May 2023

31 May 2023
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 30 May 2023 it purchased 352,702 ordinary shares of 10p each in the Company (the "Repurchased Shares"), pursuant to the share buyback programme (the "Buyback Programme") that was announced on 10 May 2023, as follows (together the "Transaction"):
Date of purchase		30 May 2023
Number of ordinary shares purchased		352,702
Highest price paid per ordinary share		61.9 pence
Lowest price paid per ordinary share		61.5 pence
Volume weighted average price paid per ordinary share		61.8069 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 345,919,852 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 ("Zeus"), are set out below:
Schedule of Purchases:
Shares purchased:	Vertu Motors plc (ISIN: GB00B1GK4645)
Date of purchases:	30 May 2023
Aggregate information:
Aggregated Volume	Volume-weighted average price (pence)	Venue
352,702	61.8069	London Stock Exchange
Individual transactions:
2,841	61.50 pence	08:00 UK
2,000	61.50 pence	08:11 UK
150,000	61.85 pence	08:39 UK
1,205	61.50 pence	09:07 UK
132	61.50 pence	09:30 UK
2,000	61.50 pence	09:30 UK
13,623	61.50 pence	13:45 UK
150,000	61.80 pence	15:24 UK
132	61.50 pence	15:43 UK
3,373	61.50 pence	16:00 UK
132	61.50 pence	16:00 UK
113	61.50 pence	16:00 UK
264	61.50 pence	16:00 UK
26,887	61.90 pence	16:35 UK
Vertu Motors plc		Tel: +44 (0) 191 491 2121
Robert Forrester, CEO
Karen Anderson, CFO
Zeus (Nominated Adviser and Broker)		Tel: +44 (0) 203 829 5000
Jamie Peel
Andrew Jones
Dominic King
Camarco		Tel: +44 (0) 203 757 4983
Billy Clegg
Tom Huddart
Notes to Editors
Vertu Motors is the fourth largest automotive retailer in the UK with a network of 189 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 185 franchised sales outlets and 4 non-franchised sales operations from 141 locations across the UK.
Vertu's Mission Statement is to "deliver an outstanding customer motoring experience through honesty and trust".
Vertu Motors Group websites - https://investors.vertumotors.com / www.vertucareers.com Vertu brand websites - www.vertumotors.com / www.bristolstreet.co.uk / www.vertuhonda.com / www.vertutoyota.com / www.macklinmotors.co.uk / www.vertumotorcyles.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

POSUAUVROUUVORR