Transaction in Own Shares

Vertu Motors PLC

24 October 2023

 

24 October 2023
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 23 October 2023 it purchased 410,231 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		23 October 2023
Number of ordinary shares purchased		410,231
Highest price paid per ordinary share		74.5 pence
Lowest price paid per ordinary share		74 pence
Volume weighted average price paid per ordinary share		74.3961 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 340,824,750 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:	23 October 2023
Aggregate information:
Aggregated Volume	Volume-weighted average price (pence)	Venue
410,231	74.3961	London Stock Exchange
Individual transactions:
300,000	74.50 pence	08:41 UK
25,000	74.50 pence	08:41 UK
1	74.00 pence	14:22 UK
294	74.00 pence	14:31 UK
9	74.00 pence	14:31 UK
23,945	74.00 pence	14:31 UK
15,879	74.00 pence	15:40 UK
20,103	74.00 pence	15:40 UK
15,879	74.00 pence	15:43 UK
2,109	74.00 pence	15:43 UK
7,012	74.00 pence	16:00 UK
Vertu Motors plc		Tel: [phone]
Robert Forrester, CEO
Karen Anderson, CFO
Zeus (Nominated Adviser and Broker)		Tel: [phone]
Jamie Peel
Andrew Jones
Dominic King
Camarco		Tel: [phone]
Billy Clegg
Tom Huddart
Notes to Editors
Vertu Motors is the fourth largest automotive retailer in the UK with a network of 190 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 186 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

 

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