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Vertu Motors ( (GB:VTU) ) has issued an update.
Vertu Motors PLC announced the repurchase of 137,672 ordinary shares as part of its ongoing share buyback programme, which began in October 2018. This move reduces the company’s shares in issue by 16.7% and has returned over £35.2 million to shareholders, emphasizing Vertu’s commitment to enhancing shareholder value and adjusting its capital structure.
More about Vertu Motors
Vertu Motors is the fourth largest automotive retailer in the UK, operating 199 sales outlets under the Bristol Street Motors and Vertu brand names. Established in 2006, the company focuses on consolidating the UK motor retail sector through acquisitions and organic growth, with 196 franchised and 3 non-franchised sales operations across 154 locations.
YTD Price Performance: -13.71%
Average Trading Volume: 554,007
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £164.7M
For an in-depth examination of VTU stock, go to TipRanks’ Stock Analysis page.
