REG VARDY, the Sunderland-based motor retailer, has picked up an award for the performance of its shares.
The Pricewaterhouse-Coopers (PwC) award for the Highest Total Shareholder Return for European Automotive Retail Distributors over the last three years, recognises the performance of Reg Vardy's share performance on the European Automotive Shareholders Value Index.
Over the last three years the average value of shares in the motor sector has fallen by five per cent, while Reg Vardy plc has seen its share price rise by 58 per cent.
Reg Vardy chairman Sir Peter Vardy said: "Everyone at the company is delighted to win such a highly regarded award.
"As a company we strive to deliver excellent value to our shareholders and are pleased that all our efforts have been recognised across Europe."
A PwC spokesman said: "The performance of Reg Vardy's shares reflects, among other factors, the company's ability to weather the UK new car pricing issue and to attract customers back into its showrooms."
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