**Summary**
Vertu Motors PLC announced a new £12 million share buyback programme on March 5, 2026, reflecting the Boards commitment to increasing capital allocation for buybacks as part of its shareholder return strategy, alongside dividend payments. The programme, executed by broker Shore Capital Stockbrokers Limited, will utilize the companys existing cash resources to repurchase ordinary shares on the London Stock Exchange until February 28, 2027, or until the maximum amount is reached. Repurchased shares will be cancelled. The company has remaining authority to buy back up to 21,696,787 shares and plans to seek renewal of this authority at the 2026 AGM. The programme will comply with UK market regulations, though it may occasionally exceed 25% of daily trading volume, potentially limiting certain regulatory exemptions. Further announcements will follow share repurchase completions, with no guarantee of full implementation.
**Key Points**
£12 million share buyback programme announced.
Repurchases to be executed via Shore Capital until February 28, 2027.
Shares will be cancelled upon repurchase.
Programme aligns with shareholder return strategy, alongside dividends.
Compliance with UK market regulations, with potential exceptions for high trading volume days.
No certainty of full programme implementation.