Vertu Regulatory News (VTU)

12 December 2023

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 11 December 2023 it purchased 195,408 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

11 December 2023

Number of ordinary shares purchased

195,408

Highest price paid per ordinary share

68 pence

Lowest price paid per ordinary share

68 pence

Volume weighted average price paid per ordinary share

68 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 339,437,849 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:

11 December 2023

Aggregate information:

Aggregated Volume

Volume-weightedaverage price (pence)

Venue

195,408

68

London Stock Exchange

Individual transactions:

1,219

68.00 pence

10:03 UK

8,781

68.00 pence

10:04 UK

1,219

68.00 pence

10:04 UK

488

68.00 pence

10:04 UK

2,665

68.00 pence

10:04 UK

4,000

68.00 pence

10:05 UK

1,397

68.00 pence

10:05 UK

1,450

68.00 pence

10:05 UK

2,550

68.00 pence

10:05 UK

7,200

68.00 pence

10:06 UK

1,719

68.00 pence

10:06 UK

1,081

68.00 pence

10:06 UK

512

68.00 pence

10:06 UK

8,612

68.00 pence

10:06 UK

548

68.00 pence

10:06 UK

328

68.00 pence

10:06 UK

6,029

68.00 pence

10:06 UK

3,971

68.00 pence

10:06 UK

3,525

68.00 pence

10:06 UK

4,000

68.00 pence

10:08 UK

152

68.00 pence

10:08 UK

1,894

68.00 pence

10:09 UK

429

68.00 pence

10:09 UK

10,000

68.00 pence

10:09 UK

2,671

68.00 pence

10:09 UK

1,000

68.00 pence

10:10 UK

5,000

68.00 pence

10:13 UK

1,107

68.00 pence

10:13 UK

222

68.00 pence

10:13 UK

1,329

68.00 pence

10:13 UK

1,517

68.00 pence

10:13 UK

5,000

68.00 pence

10:13 UK

2,154

68.00 pence

10:13 UK

1,746

68.00 pence

10:13 UK

4,485

68.00 pence

10:13 UK

2,332

68.00 pence

11:38 UK

23,802

68.00 pence

11:38 UK

2,332

68.00 pence

11:38 UK

4,614

68.00 pence

11:38 UK

21,520

68.00 pence

11:38 UK

4,614

68.00 pence

11:38 UK

280

68.00 pence

11:38 UK

12,504

68.00 pence

11:38 UK

13,350

68.00 pence

11:38 UK

5,707

68.00 pence

11:38 UK

4,084

68.00 pence

11:38 UK

269

68.00 pence

11:38 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.vertumotorcycles.com