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Vertu Motors ( (GB:VTU) ) has shared an update.
Vertu Motors announced the repurchase of 29,000 ordinary shares as part of its ongoing share buyback programme initiated in October 2018. This move reflects a strategic effort to improve shareholder value, having returned over £34.9 million to shareholders and reduced the company’s shares in issue by 16.5% since the programme’s inception.
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 continues to acquire motor retail operations while pursuing organic growth to enhance operational efficiencies.
YTD Price Performance: -5.58%
Average Trading Volume: 595,357
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £180.6M
See more data about VTU stock on TipRanks’ Stock Analysis page.
