Vertu Motors (GB:VTU) has released an update.
Vertu Motors PLC, a leading UK automotive retailer, has recently completed the purchase of 88,037 of its own shares as a part of its share buyback program announced in May 2024. The shares were bought at prices ranging from 72.5 to 73 pence, resulting in a volume-weighted average price of 72.7896 pence. These repurchased shares are to be cancelled, which will reduce the total number of voting rights shares to 336,448,964, as the company progresses with its strategic consolidation of the UK motor retail sector.
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