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Vertu Motors ( (GB:VTU) ) just unveiled an announcement.
Vertu Motors announced the repurchase of 55,018 ordinary shares as part of its ongoing share buyback program, which has returned over £34.7 million to shareholders since 2018. This transaction, executed through Stifel Nicolaus Europe Limited, reduces the company’s shares in issue by 16.5% and is part of a strategy to enhance shareholder value while maintaining market transparency.
More about Vertu Motors
Vertu Motors is the fourth largest automotive retailer in the UK, operating 198 sales outlets primarily under the Bristol Street Motors, Vertu, and Macklin Motors brand names. Established in 2006, the company aims to consolidate the UK motor retail sector through acquisitions and organic growth, focusing on operational efficiencies within its dealership network.
YTD Price Performance: -7.78%
Average Trading Volume: 668,974
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £178.8M
See more data about VTU stock on TipRanks’ Stock Analysis page.
