Motorpoint (GB:MOTR) has released an update.
Motorpoint Group PLC has successfully executed a share buyback, purchasing 10,027 of its own Ordinary Shares at a uniform price of 141 GBp per share, which are now set to be cancelled. This move has reduced the total number of Ordinary Shares in issue to 86,948,754, thereby also adjusting the total voting rights within the company. This step is part of the Share Buyback Programme initiated earlier in January 2024, as Motorpoint continues to actively manage its capital structure.
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