Vertu Motors (GB:VTU) has released an update.
Vertu Motors PLC, a major UK automotive retailer, has reported the buyback of 22,199 of its own shares on July 9, 2024, at a uniform price of 73.7 pence per share, as part of its previously announced share repurchase program. This move will lead to the cancellation of the repurchased shares, thereby adjusting the total number of shares with voting rights to 337,135,751. The company’s share buyback strategy aligns with its ongoing efforts to consolidate the UK motor retail sector and deliver shareholder value.
For further insights into GB:VTU stock, check out TipRanks’ Stock Analysis page.
