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Vertu Motors ( (GB:VTU) ) just unveiled an announcement.
Vertu Motors has recently repurchased 96,000 ordinary shares as part of its ongoing share buyback programme. This action is part of the company’s broader strategy to return value to shareholders, having reduced its shares in issue by 16.8% since 2018. The repurchased shares will be canceled, impacting the total number of ordinary shares with voting rights, thus affecting shareholder calculations under FCA’s regulations.
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, aiming to enhance operational efficiencies across its dealership network.
YTD Price Performance: -13.71%
Average Trading Volume: 554,007
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £164.7M
Find detailed analytics on VTU stock on TipRanks’ Stock Analysis page.
