Vertu Motors Executes Share Buyback Strategy
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Vertu Motors Executes Share Buyback Strategy

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

Vertu Motors PLC has actively pursued its share buyback programme by acquiring 49,189 of its own ordinary shares on August 14, 2024, at a uniform price of 70.5 pence per share. This buyback is part of a broader strategy announced in May 2024, aiming to consolidate the company’s shares, with the repurchased shares set to be cancelled to adjust the total share count for voting purposes. The company will continue to make further announcements as the share buyback programme progresses.

For further insights into GB:VTU stock, check out TipRanks’ Stock Analysis page.

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