Motorpoint Advances Share Buyback, Reduces Share Count

Motorpoint (GB:MOTR) has released an update.

Motorpoint Group PLC has actively engaged in its share buyback program by purchasing 32,030 of its own Ordinary Shares at a uniform price of 144.50 GBp per share, as announced earlier this year. The repurchased shares are set to be cancelled, effectively reducing the total number of issued shares to 86,619,822, which is also the new total of voting rights. Shareholders may use this updated number as the denominator for disclosing changes in their interest in the company, in line with FCA’s transparency rules.

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