Vertu Motors (GB:VTU) has released an update.
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Vertu Motors PLC, the UK’s fourth largest automotive retailer, recently bought back 128,566 of its own shares at prices between 73.4 to 73.5 pence per share, as part of its share buyback programme announced earlier in May. The repurchased shares will be cancelled, thus reducing the total number of shares with voting rights to 335,798,294. This move comes as part of the company’s ongoing strategy to drive operational efficiencies and consolidate the UK motor retail sector.
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