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An announcement from Vertu Motors ( (GB:VTU) ) is now available.
Vertu Motors plc announced the repurchase of 67,251 ordinary shares as part of its ongoing share buyback programme, initiated in October 2024. This action is part of a strategy that has returned over £34.8 million to shareholders since 2018, reducing the company’s shares in issue by 16.5%. The repurchased shares will be cancelled, adjusting the total number of shares with voting rights and potentially impacting shareholder calculations under FCA rules.
More about Vertu Motors
Vertu Motors is the fourth largest automotive retailer in the UK, operating a network of 198 sales outlets. The company was established in 2006 with a strategy to consolidate the UK motor retail sector and aims to continue expanding through acquisitions and organic growth, focusing on operational efficiencies.
YTD Price Performance: -6.94%
Average Trading Volume: 637,211
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £178M
Learn more about VTU stock on TipRanks’ Stock Analysis page.
