Vertu Regulatory News (VTU)

11 December 2023

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 8 December 2023 it purchased 370,403 ordinary shares of 10p each in the Company (the "Repurchased Shares"), pursuant to the share buyback programme (the "Buyback Programme") that was announced on 9 October 2023, as follows (together the "Transaction"):

Date of purchase

8 December 2023

Number of ordinary shares purchased

370,403

Highest price paid per ordinary share

66 pence

Lowest price paid per ordinary share

65 pence

Volume weighted average price paid per ordinary share

65.2639 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 339,633,257 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:

8 December 2023

Aggregate information:

Aggregated Volume

Volume-weightedaverage price (pence)

Venue

370,403

65.2639

London Stock Exchange

Individual transactions:

10,000

65.00 pence

08:00 UK

721

65.00 pence

08:53 UK

1,413

65.00 pence

08:53 UK

121

65.00 pence

10:19 UK

3,078

65.00 pence

10:22 UK

2,434

65.00 pence

10:22 UK

2,233

65.00 pence

10:22 UK

10,000

65.00 pence

10:22 UK

1,148

65.00 pence

10:22 UK

2,303

65.00 pence

10:22 UK

6,000

65.00 pence

10:22 UK

464

65.00 pence

10:22 UK

85

65.00 pence

10:22 UK

3,052

65.00 pence

10:22 UK

7,925

65.00 pence

10:22 UK

1,712

65.00 pence

10:22 UK

294

65.00 pence

10:22 UK

69

65.00 pence

10:23 UK

1,076

65.00 pence

10:23 UK

3,306

65.00 pence

10:23 UK

528

65.00 pence

10:23 UK

6,166

65.00 pence

10:23 UK

858

65.00 pence

10:23 UK

501

65.00 pence

10:23 UK

8,641

65.00 pence

10:23 UK

3,231

65.00 pence

10:23 UK

6,769

65.00 pence

10:23 UK

18,231

65.00 pence

10:23 UK

2,673

65.00 pence

10:23 UK

5,770

65.00 pence

10:23 UK

116

65.00 pence

10:23 UK

1,441

65.00 pence

10:23 UK

2,674

65.00 pence

10:23 UK

492

65.00 pence

10:23 UK

1,236

65.00 pence

10:23 UK

2,512

65.00 pence

10:34 UK

1,666

65.00 pence

10:34 UK

1,867

65.00 pence

10:34 UK

457

65.00 pence

10:34 UK

1,770

65.00 pence

10:36 UK

1,185

65.00 pence

10:36 UK

10,000

65.00 pence

10:36 UK

1,000

65.00 pence

10:36 UK

616

65.00 pence

10:36 UK

495

65.00 pence

10:36 UK

7,889

65.00 pence

10:36 UK

458

65.00 pence

10:36 UK

6,682

65.00 pence

10:37 UK

1,048

65.00 pence

10:37 UK

561

65.00 pence

10:37 UK

156

65.00 pence

10:39 UK

1,095

65.00 pence

10:39 UK

1,095

65.00 pence

10:39 UK

202

65.00 pence

10:42 UK

8,703

65.00 pence

10:42 UK

234

65.00 pence

10:43 UK

3,125

65.00 pence

10:43 UK

3,180

65.00 pence

10:45 UK

3,461

65.00 pence

10:45 UK

819

65.00 pence

10:45 UK

1,000

65.00 pence

10:45 UK

8,181

65.00 pence

10:59 UK

11,819

65.00 pence

10:59 UK

1,723

65.00 pence

10:59 UK

2,000

65.00 pence

11:16 UK

3,301

65.40 pence

15:41 UK

678

65.40 pence

15:41 UK

3,098

65.40 pence

15:41 UK

3,238

65.40 pence

15:41 UK

2,813

65.40 pence

15:41 UK

3,144

65.40 pence

15:41 UK

1,119

65.40 pence

15:41 UK

1,065

65.40 pence

15:41 UK

2,722

65.40 pence

15:41 UK

360

65.40 pence

15:41 UK

1,082

65.40 pence

 15:44 UK

2,380

65.40 pence

 15:44 UK

2,273

65.40 pence

 15:49 UK

2,440

65.40 pence

 15:49 UK

1,045

65.40 pence

 15:49 UK

322

65.40 pence

 15:49 UK

890

65.40 pence

 15:51 UK

339

65.40 pence

 15:51 UK

606

65.40 pence

 15:51 UK

940

65.40 pence

 15:51 UK

6,369

65.40 pence

 15:51 UK

23,070

65.40 pence

 15:51 UK

1,592

65.40 pence

 15:51 UK

5,717

65.40 pence

 15:51 UK

581

65.40 pence

 15:51 UK

3,558

65.40 pence

 15:51 UK

3,751

65.40 pence

 15:51 UK

2,085

65.40 pence

 15:51 UK

470

65.40 pence

 15:51 UK

5,546

65.40 pence

 15:51 UK

498

65.40 pence

 15:51 UK

795

65.40 pence

 15:51 UK

214

65.40 pence

 15:51 UK

1,121

65.40 pence

 15:51 UK

5,320

65.40 pence

 15:51 UK

152

65.40 pence

 15:51 UK

570

65.40 pence

 15:52 UK

146

65.40 pence

 15:52 UK

278

65.40 pence

 15:52 UK

895

65.40 pence

 15:52 UK

229

65.40 pence

 15:52 UK

3,188

65.40 pence

 15:52 UK

2,922

65.20 pence

 15:56 UK

1,408

65.20 pence

 15:56 UK

2,370

65.20 pence

 15:56 UK

755

65.20 pence

 15:56 UK

1,027

65.20 pence

 15:58 UK

10,000

65.60 pence

 16:16 UK

298

65.60 pence

 16:16 UK

8,386

66.00 pence

 16:24 UK

3,271

66.00 pence

 16:24 UK

2,336

66.00 pence

 16:24 UK

467

66.00 pence

 16:24 UK

403

66.00 pence

 16:24 UK

35,000

66.00 pence

 16:28 UK

Vertu Motors plc

Tel: +44 (0) 191 491 2121

Robert Forrester, CEO

Karen Anderson, CFO

Phil Clark, Investor Relations

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 195 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 191 franchised sales outlets and 4 non-franchised sales operations from 145 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.comVertu brand websites - www.vertumotors.com / www.bristolstreet.co.uk / www.vertuhonda.com / www.vertutoyota.com / www.macklinmotors.co.uk / www.vertumotorcyles.com