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Vertu Motors ( (GB:VTU) ) has shared an announcement.
Vertu Motors PLC announced the purchase of 110,000 ordinary shares as part of its ongoing share buyback program, which has returned over £34.6 million to shareholders since 2018. This move reduces the company’s shares in issue by 16.4%, potentially impacting shareholder voting rights and the company’s market positioning by consolidating ownership.
More about Vertu Motors
Vertu Motors is the fourth largest automotive retailer in the UK, operating 198 sales outlets predominantly under the Bristol Street Motors, Vertu, and Macklin Motors brand names. Established in 2006, the company focuses on consolidating the UK motor retail sector through acquisitions and organic growth, operating 195 franchised sales outlets and 3 non-franchised operations from 153 locations.
YTD Price Performance: -9.04%
Average Trading Volume: 730,388
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £204.4M
See more insights into VTU stock on TipRanks’ Stock Analysis page.
