REG - Motorpoint Group plc - Transaction in Own Shares

MotorpointAnnouncement

15/07/2019 10:30

RNS Number : 5240F
Motorpoint Group plc
15 July 2019
 


15 July 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:


15 July 2019




(2) Number of shares purchased:


58,000




(3) Average price per share:


221 pence




Highest price per share:


221 pence




Lowest price per share:


221 pence




(4) Treatment of purchased shares:


Cancellation



 
Following the cancellation, the Company's issued share capital consists of 94,307,885 ordinary shares, each with one voting right.
The total number of voting rights in the Company 94,307,885.
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 purchased


Transaction price (pence per share)


Time of transaction




58,000


221


09:59



 
Enquiries:



Motorpoint Group PLC
Mark Carpenter, Chief Executive Officer
James Gilmour, Chief Financial Officer
 


via FTI Consulting




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.
 




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