Motorpoint Group plc Transaction in Own Shares (4916C)
17 June 2019 - 8:57PM
UK Regulatory
TIDMMOTR
RNS Number : 4916C
Motorpoint Group plc
17 June 2019
17 June 2019
Motorpoint Group PLC
("Motorpoint" or the "Company")
Transaction in Own Shares
Motorpoint, the UK's largest independent vehicle retailer,
announces that the Company has purchased ordinary shares of 1 pence
each in its issued share capital as follows:
(1) Date of purchase: 17 June 2019
(2) Number of shares
purchased: 58,000
(3) Average price per 215.375 pence
share:
Highest price per share: 215.375 pence
Lowest price per share: 215.375 pence
(4) Treatment of purchased Cancellation
shares:
Following the cancellation, the Company's issued share capital
consists of 95,177,885 ordinary shares, each with one voting
right.
The total number of voting rights in the Company 95,177,885.
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.
The transaction is in accordance with Motorpoint's buy-back
program announced on 7 May 2019.
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 Transaction Time of transaction
purchased price (pence
per share)
58,000 215.375 09:32
-------------- --------------------
Enquiries:
Motorpoint Group PLC via FTI Consulting
Mark Carpenter, Chief Executive
Officer
James Gilmour, Chief Financial
Officer
FTI Consulting (Financial PR)
Jonathon Brill
Alex Beagley
James Styles 020 3727 1000
Notes to editors
Motorpoint is the largest independent vehicle retailer in the
United Kingdom. The Company'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 five 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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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