Auto Trader (GB:AUTO) has released an update.
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Auto Trader Group plc has actively bought back 247,400 of its own shares for cancellation, with prices ranging from 806.4 to 813.8 pence per share, influencing the total number of voting rights for shareholders. Following the transaction, the company’s issued share count stands at 899,945,855, with an additional 4,578,932 shares held in treasury. The buyback operation, conducted through Merrill Lynch International, is a strategic move that may impact the company’s stock performance and shareholder value.
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