Vertu Regulatory News (VTU)

13 December 2023

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 12 December 2023 it purchased 90,558 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

12 December 2023

Number of ordinary shares purchased

90,558

Highest price paid per ordinary share

70 pence

Lowest price paid per ordinary share

70 pence

Volume weighted average price paid per ordinary share

70 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 339,347,291 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:

12 December 2023

Aggregate information:

Aggregated Volume

Volume-weightedaverage price (pence)

Venue

90,558

70

London Stock Exchange

Individual transactions:

5,784

70.00 pence

08:51 UK

664

70.00 pence

08:51 UK

15,426

70.00 pence

08:51 UK

4,427

70.00 pence

08:51 UK

2,178

70.00 pence

08:51 UK

6,482

70.00 pence

08:51 UK

1,254

70.00 pence

08:51 UK

1,315

70.00 pence

08:51 UK

659

70.00 pence

08:51 UK

5,559

70.00 pence

08:52 UK

4,954

70.00 pence

08:52 UK

3,667

70.00 pence

08:53 UK

364

70.00 pence

08:53 UK

12,889

70.00 pence

10:37 UK

399

70.00 pence

10:37 UK

20,322

70.00 pence

10:37 UK

398

70.00 pence

10:37 UK

755

70.00 pence

10:37 UK

3,062

70.00 pence

10:37 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