Management of share buyback & notice of HY results
Company enters irrevocable agreement with Stifel to continue £12m share buyback programme during closed period.
- Total share buybacks since July 2017 £41m
- Share buyback programme announced £12m
- Deployed to date £6.5m
- Shares in issue reduction since July 2017 over 19%
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Since the Group began Share Buybacks in July 2017, over £41m has been returned to shareholders, reducing the Company's shares in issue by over 19%. Further to the £12 million share buyback programme announced on 6 February 2025 (the "Buyback Programme") of which £6.5 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 8 September 2025 and ending 7 October 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. .
| Vertu Motors plc | Tel: +44 (0) 191 491 2121 |
| Robert Forrester, CEO | |
| Karen Anderson, CFO Phil Clark, Investor Relations | |
| Stifel (Nominated Adviser and Joint Broker) | Tel: +44 (0) 207 710 7688 |
| Matthew Blawat | |
| Nick Harland | |
| Shore Capital (Joint Broker) | Tel: +44 (0) 20 7408 4090 |
| Mark Percy / Sophie Collins (Corporate Advisory) | |
| Isobel Jones (Corporate Broking) | |
| 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.