Vertu Motors Enhances Shareholder Value Through Share Buyback

Vertu Motors ( (GB:VTU) ) has shared an announcement.

Vertu Motors announced the purchase of 40,000 ordinary shares as part of its ongoing share buyback programme, which began in October 2018. This initiative has returned over £36.3 million to shareholders and reduced the company’s shares in issue by 17.2%, reflecting a strategic effort to enhance shareholder value.

More about Vertu Motors

Vertu Motors is the fourth largest automotive retailer in the UK, operating a network of 200 sales outlets 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, currently managing 197 franchised and 3 non-franchised sales operations across 155 locations.

YTD Price Performance: -9.31%

Average Trading Volume: 464,658

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £172M

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