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An announcement from Vertu Motors ( (GB:VTU) ) is now available.
Vertu Motors announced the repurchase of 65,000 ordinary shares as part of its buyback program, which began in October 2018 and has returned over £35.4 million to shareholders, reducing the company’s shares in issue by 16.8%. This move is part of its strategy to optimize shareholder value and manage share capital effectively, with future purchases expected to be announced in due course.
More about Vertu Motors
Vertu Motors is the fourth largest automotive retailer in the UK, operating 199 sales outlets, primarily under the Bristol Street Motors and Vertu brands. Established in 2006, the company aims to consolidate the UK motor retail sector through acquisitions and organic growth to improve operational efficiency.
YTD Price Performance: -11.00%
Average Trading Volume: 549,886
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £171M
For a thorough assessment of VTU stock, go to TipRanks’ Stock Analysis page.
