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Vertu Motors ( (GB:VTU) ) has issued an update.
Vertu Motors PLC has repurchased 60,000 of its ordinary shares as part of a share buyback programme initiated earlier this month. This move, which has returned over £35.4m to shareholders since 2018, reduces the company’s shares in issue by 16.8% and may impact shareholder voting rights calculations under the FCA’s rules.
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 brands. Established in 2006, the company aims to consolidate the UK motor retail sector through acquisitions and organic growth strategies to enhance operational efficiencies.
YTD Price Performance: -11.34%
Average Trading Volume: 558,911
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £169.1M
Learn more about VTU stock on TipRanks’ Stock Analysis page.