Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Vertu Motors ( (GB:VTU) ) just unveiled an update.
Vertu Motors PLC announced the purchase of 50,654 ordinary shares as part of its ongoing share buyback program, initially announced in October 2024. This buyback reflects the company’s commitment to returning capital to shareholders, with over £34.7 million returned since 2018, reducing the shares in issue by 16.4%. The repurchased shares will be canceled, affecting the overall voting rights and transparency for shareholders. The move underscores Vertu Motors’ strategy to optimize its capital structure and potentially improve shareholder value.
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 to enhance operational efficiencies across its national dealership network.
Average Trading Volume: 688,029
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £191.5M
Learn more about VTU stock on TipRanks’ Stock Analysis page.
