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An update from Vertu Motors ( (GB:VTU) ) is now available.
Vertu Motors announced the repurchase of 90,000 ordinary shares as part of its ongoing buyback program. This move reflects the company’s strategy to return value to shareholders, having returned over £35.1m since 2018, and reduces its shares in issue by 16.7%. The cancellation of these shares will adjust the total number of shares with voting rights, potentially impacting shareholders’ interests under regulatory guidelines.
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 and Vertu brand names. Established in 2006, the company aims to consolidate the UK motor retail sector through acquisitions and organic growth to enhance operational efficiencies across its national dealership network.
YTD Price Performance: -13.54%
Average Trading Volume: 513,044
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £161.6M
See more data about VTU stock on TipRanks’ Stock Analysis page.
