Vertu Motors Enhances Shareholder Value with Share Buyback

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

Vertu Motors announced the repurchase of 75,000 ordinary shares as part of its ongoing share buyback programme, which has returned over £36.4 million to shareholders since 2018, reducing shares in issue by 17.3%. This move is expected to enhance shareholder value and reflects the company’s strategic focus on efficient capital management.

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, enhancing operational efficiencies across its national dealership network.

YTD Price Performance: -8.46%

Average Trading Volume: 468,030

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £172M

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