Vertu Motors (GB:VTU) has released an update.
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Vertu Motors PLC, the fourth largest automotive retailer in the UK, has announced the repurchase of 145,500 of its own shares on August 2, 2024, as part of an ongoing buyback program initiated on May 15, 2024. The shares were bought back at prices ranging from 70.6 to 72 pence, resulting in a volume-weighted average price of 70.992 pence. The buyback is in line with the company’s strategy to drive shareholder value, and the repurchased shares will be cancelled, reducing the total number of shares with voting rights to 335,424,438.
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