Vertu Motors plc (AIM:VTU) announces a share repurchase program. Under the program, the company will repurchase up to £3 million worth of its shares, pursuant to an agreement with its broker Stifel Nicolaus Europe Limited. All the repurchased shares under the program will be cancelled.

The purpose of the program is to reduce the ordinary share capital of the company. The company will repurchase its shares using the company's existing cash resources. The program will continue until the earlier of the maximum amount being repurchased and September 27, 2024.