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An announcement from Vertu Motors ( (GB:VTU) ) is now available.
Vertu Motors PLC announced a transaction involving the repurchase of 75,657 ordinary shares as part of its ongoing share buyback program, initiated in October 2024. This strategic action is part of a broader initiative that has returned over £34.9 million to shareholders since 2018, reducing the total number of shares by 16.5%. The cancellation of these shares will alter the total number of shares with voting rights to 331,558,715, affecting shareholder calculations under FCA rules.
More about Vertu Motors
Vertu Motors is the fourth largest automotive retailer in the UK with a network of 198 sales outlets. Established in 2006, the company focuses on consolidating the UK motor retail sector by acquiring motor retail operations and driving operational efficiencies through organic growth. Vertu operates under brand names including Bristol Street Motors, Vertu, and Macklin Motors, with 195 franchised and 3 non-franchised sales operations.
YTD Price Performance: -5.25%
Average Trading Volume: 555,857
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £175.4M
See more insights into VTU stock on TipRanks’ Stock Analysis page.
