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Auto Trader ( (GB:AUTO) ) has provided an update.
Auto Trader Group plc announced the repurchase of 300,000 ordinary shares for cancellation at an average price of 795.6889 pence per share. This transaction is part of a buyback program aimed at optimizing the company’s capital structure, potentially enhancing shareholder value. Following this transaction, the company’s total voting rights have been adjusted, impacting shareholders’ calculations for interest notification under FCA rules.
More about Auto Trader
Auto Trader Group plc operates within the automotive industry, providing a platform for buying and selling vehicles. It focuses on connecting car buyers and sellers through its marketplace, which is a key part of its service offering.
YTD Price Performance: -0.11%
Average Trading Volume: 2,720,472
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.98B
See more data about AUTO stock on TipRanks’ Stock Analysis page.
