REG - Vertu Motors PLC - Transaction in Own Shares

Vertu MotorsAnnouncement

29/08/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240829:nRSc0694Ca&default-theme=true

RNS Number : 0694C  Vertu Motors PLC  29 August 2024

 29 August 2024
 Vertu Motors plc

 ("Vertu Motors" or the "Company")

 Transaction in Own Shares

 Vertu Motors plc (AIM: VTU) announces that on 28 August 2024 it purchased
 36,626 ordinary shares of 10p each in the Company (the "Repurchased Shares"),
 pursuant to the share buyback programme (the "Buyback Programme") that was
 announced on 15 May 2024, as follows (together the
 "Transaction"):

 Date of purchase                                                 28 August 2024
 Number of ordinary shares purchased                              36,626
 Highest price paid per ordinary share                            71.0 pence
 Lowest price paid per ordinary share                             71.0 pence
 Volume weighted average price paid per ordinary share            71.0000 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 334,520,133 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, Stifel Nicolaus Europe
 Limited ("Stifel"), are set out below:

 Schedule of Purchases:
 Shares purchased:                   Vertu Motors plc (ISIN: GB00B1GK4645)
 Date of purchases:                  28 August 2024

 Aggregate information:

 Aggregated Volume                   Volume-weighted              Venue

average price (pence)
 36,626                              71.0000                      London Stock Exchange

 Individual transactions:

 26,867                              71.0 pence                   12:33 UK
 9,759                               71.0 pence                   16:35 UK

 Vertu Motors plc                                                 Tel: +44 (0) 191 491 2121
 Robert Forrester, CEO
 Karen Anderson, CFO

 Phil Clark, Investor Relations

 Stifel (Nominated Adviser and Broker)                            Tel: +44 (0) 207 710 7688
 Matthew Blawat
 Nick Harland

 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 192 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 188 franchised sales outlets and 4
 non-franchised sales operations from 144 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
 (https://investors.vertumotors.com) / www.vertucareers.com
 (http://www.vertucareers.com)

Vertu brand websites - www.vertumotors.com (http://www.vertumotors.com) /
 www.bristolstreet.co.uk (http://www.bristolstreet.co.uk) / www.vertuhonda.com
 (http://www.vertuhonda.com) / www.vertutoyota.com (http://www.vertutoyota.com)
 / www.macklinmotors.co.uk (http://www.macklinmotors.co.uk) /
 www.vertumotorcycles.com (http://www.vertumotorcycles.com)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  POSUWVKRSKUWUAR