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An update from Vertu Motors ( (GB:VTU) ) is now available.
Vertu Motors announced the purchase of 60,000 ordinary shares as part of its ongoing share buyback programme. This transaction is part of a strategy that has returned over £34.5 million to shareholders since 2018, reducing the company’s shares in issue by 16.4%. The purchased shares will be cancelled, impacting the total number of shares with voting rights, thus affecting shareholder calculations under FCA regulations. Further announcements of share purchases are expected as part of this programme.
More about Vertu Motors
Vertu Motors is the fourth largest automotive retailer in the UK with a network of 198 sales outlets operating under brands such as Bristol Street Motors, Vertu, and Macklin Motors. Established in 2006, the company focuses on consolidating the UK motor retail sector through acquisitions and organic growth, operating both franchised and non-franchised sales outlets.
YTD Price Performance: -8.89%
Average Trading Volume: 738,443
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £204.9M
Find detailed analytics on VTU stock on TipRanks’ Stock Analysis page.
