Auto Trader (GB:AUTO) has released an update.
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Auto Trader Group plc has announced a significant buyback of 360,000 of its ordinary shares at an average price of 791.3924 pence per share. This move, executed through Merrill Lynch International, reduces the number of shares available in the market and could potentially enhance shareholder value by increasing earnings per share. The total number of voting rights in the company now stands at 894,369,702, which shareholders can use to assess changes in their interest in the company.
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