Friday, April 18, 2008
Bank lifts stake in Vertu
Lloyds TSB Group has lifted its stake in Vertu Motors to 4.66%.
The bank purchased 1.45 million shares taking it to 4.28 million, up from 2.83 million.
The announcement comes just a five days after Vertu asked its shareholders to approve its plan to buy back 10% of its own shares.
Vertu’s directors want to enhance its earnings per share through the buy-back, which will reduce the number of remaining shares in circulation.
Vertu’s financial results will be announced on May 14.
DATED: 18.04.08
FEED: AMgqwvmh
The bank purchased 1.45 million shares taking it to 4.28 million, up from 2.83 million.
The announcement comes just a five days after Vertu asked its shareholders to approve its plan to buy back 10% of its own shares.
Vertu’s directors want to enhance its earnings per share through the buy-back, which will reduce the number of remaining shares in circulation.
Vertu’s financial results will be announced on May 14.
DATED: 18.04.08
FEED: AMgqwvmh
