Vertu Motors ( (GB:VTU) ) has issued an announcement.
Vertu Motors PLC announced the repurchase of 140,670 ordinary shares as part of its ongoing share buyback program, which began in October 2018. This initiative has returned over £36.1 million to shareholders, reducing the company’s shares in issue by 17.1%. The repurchased shares will be canceled, impacting the total number of shares with voting rights, and further purchases are anticipated under the buyback program.
More about Vertu Motors
Vertu Motors is the fourth largest automotive retailer in the UK, operating a network of 200 sales outlets primarily under the Bristol Street Motors and Vertu brand names. Established in 2006, the company aims to consolidate the UK motor retail sector through acquisitions and organic growth, enhancing operational efficiencies across its national dealership network.
YTD Price Performance: -12.69%
Average Trading Volume: 457,254
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £165.5M
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