Motorpoint Conducts Share Buyback to Reduce Capital

Motorpoint (GB:MOTR) has released an update.

Motorpoint Group PLC has successfully executed a share buyback, purchasing 10,000 of its own Ordinary Shares at a uniform price of 142 GBp each, which will consequently be cancelled. This move leaves the company with 86,661,852 Ordinary Shares in issue and an equal number of voting rights, potentially affecting shareholders’ notification obligations under regulatory rules. The buyback forms part of a previously announced programme aimed at reducing the company’s share capital.

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