TIDMVTU

RNS Number : 6543T

Vertu Motors PLC

26 November 2021

26 November 2021

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 25 November 2021 , it purchased 49,738 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 05 November 2021 as follows:

 
  Date of purchase                                   25 November 2021 
   Number of ordinary shares purchased                49,738 
   Highest price paid per ordinary share              60.00 pence 
   Lowest price paid per ordinary share               60.00 pence 
   Volume weighted average price paid per ordinary    60.00 pence 
    share 
 
 

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 363,360,496 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:   25 November 2021 
 
 

Aggregate information:

 
 
                     Volume-weighted 
                      average price 
 Aggregated Volume    (pence)          Venue 
 
 49,738              60.00              London Stock Exchange 
 
 
                         Individual 
                      Transactions: 
         1   60.00 pence   08:00 UK 
    23,711   60.00 pence   09:32 UK 
     1,000   60.00 pence   09:32 UK 
     4,917   60.00 pence   09:32 UK 
     5,000   60.00 pence   10:53 UK 
     4,100   60.00 pence   10:53 UK 
     1,254   60.00 pence   10:53 UK 
     1,182   60.00 pence   10:53 UK 
     1,756   60.00 pence   10:53 UK 
     1,817   60.00 pence   10:53 UK 
     5,000   60.00 pence   10:53 UK 
 
 
 
 
 
 

For further information please contact:

 
 Vertu Motors plc         Tel: 0191 491 2111 
  Robert Forrester, CEO    Tel: 0191 491 2112 
  Karen Anderson, CFO 
                          Tel: 020 3829 5000 
   Zeus Capital Limited 
   Jamie Peel 
   Andrew Jones 
   Dominic King 
                          Tel: 020 3757 4983 
   Camarco 
   Billy Clegg 
   Tom Huddart 
 

Notes to Editors

Vertu Motors is the fifth largest automotive retailer in the UK with a network of 154 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 150 franchised sales outlets and 4 non-franchised sales operations from 118 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

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END

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November 26, 2021 02:00 ET (07:00 GMT)

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