By Josh White
Date: Friday 11 Apr 2025
LONDON (ShareCast) - (Sharecast News) - Vertu Motors announced the appointment of Stifel Nicolaus Europe to manage the next phase of its £12m share buyback programme during the upcoming closed period on Friday, from 14 April to 13 May.
The AIM-traded firm said the broker would operate under an irrevocable, non-discretionary agreement and would execute purchases independently of the company, within pre-set parameters.
It said that to date, £1.9m of the current buyback programme had been deployed.
Since launching share repurchases in October 2018, Vertu said it had returned over £36.8m to shareholders, reducing its issued share capital by 17.5%.
The company also confirmed it would report its preliminary results for the year ended 28 February on 14 May.
At 1153 BST, shares in Vertu Motors were down 2.27% at 51.8p.
Reporting by Josh White for Sharecast.com.
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Currency | UK Pounds |
Share Price | 60.90p |
Change Today | -0.90p |
% Change | -1.46 % |
52 Week High | 67.80p |
52 Week Low | 50.00p |
Volume | 291,663 |
Shares Issued | 319.55m |
Market Cap | £194.61m |
RiskGrade | 217 |
Value |
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Latest | Previous | |
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Final | Interim | |
Ex-Div | 26-Jun-25 | 12-Dec-24 |
Paid | 25-Jul-25 | 17-Jan-25 |
Amount | 1.15p | 0.90p |
Time | Volume / Share Price |
16:37 | 1,850 @ 60.90p |
16:35 | 12,493 @ 60.90p |
16:35 | 3,423 @ 60.90p |
16:35 | 666 @ 60.90p |
16:35 | 1,496 @ 60.90p |
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