Auto Trader (GB:AUTO) has released an update.
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Auto Trader Group plc has reported the repurchase of 180,000 of its own shares on April 23, 2024, signaling a move to potentially enhance shareholder value. The shares were bought back at prices ranging from 684.8 to 695.2 pence per share through Merrill Lynch International, reducing the number of outstanding shares and altering the voting rights landscape for shareholders. This strategic buyback reflects the company’s management confidence and could be an indicator of its long-term financial health.
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