Management of share buyback programme
Company enters into irrevocable share buyback agreement with Stifel during closed period; £1.9m deployed of £12m programme.
- Total returned to shareholders since October 2018 £36.8m
- Share buyback programme announced £12m
- Amount deployed to date £1.9m
- Reduction in shares in issue since October 2018 17.5%
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Since the Group began Share Buybacks in October 2018, over £36.8m has been returned to shareholders, reducing the Company's shares in issue by 17.5% over the same period. Further to the £12 million share buyback programme announced on 6 February 2025 (the "Buyback Programme") of which £1.9 million has been deployed to date, the Company announces that it has entered into an irrevocable and non-discretionary agreement with Stifel Nicolaus Europe Limited ("Stifel") to purchase shares during the closed period commencing 14 April 2025 and ending 13 May 2025. Stifel will make its trading decisions in relation to the Company's shares independently of and uninfluenced by the Company. Any share purchases will be effected within certain pre-set parameters and in accordance with the remaining terms of the Buyback Programme. The Company also confirms that it will announce its preliminary results for the year ended 28 February 2025 on Wednesday 14 May 2025.
| Vertu Motors plc | Tel: +44 (0) 191 491 2121 |
| Robert Forrester, CEO | |
| Karen Anderson, CFO Phil Clark, Investor Relations | |
| Stifel (Nominated Adviser and Broker) | Tel: +44 (0) 207 710 7688 |
| Matthew Blawat | |
| Nick Harland | |
| Camarco | Tel: +44 (0) 203 757 4980 |
Billy Clegg
Tom Huddart
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.