Motorpoint Group plc Transaction in Own Shares (2422L)
18 April 2018 - 4:00PM
UK Regulatory
TIDMMOTR
RNS Number : 2422L
Motorpoint Group plc
18 April 2018
18 April 2018
Motorpoint Group PLC
("Motorpoint" or "the Company")
Transaction in Own Shares
Motorpoint, the UK's largest independent vehicle retailer,
announces that in accordance with its buy-back program announced on
29 November 2017, the Company has purchased ordinary shares of 1
pence each in its issued share capital as follows:
(1) Date of purchase: 17 April 2018
(2) Number of shares purchased: 15,000
(3) Average price per 230 pence
share:
Highest price per share: 230 pence
Lowest price per share: 230 pence
(4) Treatment of purchased Cancellation
shares:
Following the cancellation, the Company's issued share capital
consists of 99,934,023 ordinary shares, each with one voting
right.
The total number of voting rights in the Company is
99,934,023.
This figure may be used by shareholders as the denominator for
the calculation by which they will determine if they are required
to notify their interest in, or a change in their interest in, the
Company under the FCA's Disclosure and Transparency Rules.
This notification is made pursuant to Listing Rule 12.4.6R and
Disclosure and Transparency Rule 5.6. In accordance with Article
5(1)(b) of the Market Abuse Regulation (EU) No 596/2014, the
schedule below contains further information on the individual
trades that are reported in the aggregate above.
Schedule of Purchases - Individual Transactions
Number of shares purchased Transaction price (per Time of transaction
share)
15000 230 pence 08:34:53
----------------------- --------------------
Contact Information:
Motorpoint Group PLC (www.motorpointplc.com) Via FTI Consulting
Manjit K. Virk, Company Secretary
FTI Consulting (Financial PR)
Alex Beagley
James Styles
Fern Duncan 020 3727 1000
Notes to editors
Motorpoint is the largest independent vehicle retailer in the
United Kingdom. The Group's principal business is the sale of
nearly-new vehicles, the majority of which are up to two years old
and which have covered less than 15,000 miles. Motorpoint sells
vehicles from brands representing over 95 per cent. of new vehicle
sales in the United Kingdom, with models from Ford, Vauxhall,
Volkswagen, Nissan, Hyundai, Audi and BMW being amongst the top
sellers. The Group operates from 12 retail sites across the United
Kingdom; Derby, Burnley, Glasgow, Newport, Peterborough, Chingford,
Birmingham, Widnes, Birtley, Castleford, Oldbury and Sheffield, of
which six have opened in the last five years; together with a
national contact-centre dealing with online enquiries.
More information is available at www.motorpointplc.com and
www.motorpoint.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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