Vertu Motors Enhances Shareholder Value with Continued Share Buyback

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

Vertu Motors PLC has repurchased 90,000 ordinary shares as part of its ongoing share buyback programme, which began in October 2018 and has returned over £36.5 million to shareholders, reducing the company’s shares in issue by 17.3%. The repurchased shares will be cancelled, affecting the total number of shares with voting rights, and further purchases may be announced in the future, reflecting Vertu’s commitment to enhancing shareholder value.

More about Vertu Motors

Vertu Motors is the fourth largest automotive retailer in the UK, operating a network of 200 sales outlets predominantly 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: -12.01%

Average Trading Volume: 477,760

Technical Sentiment Signal: Buy

Current Market Cap: £166.7M

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