Auto Trader Group plc has announced the purchase of 209,000 of its ordinary shares for cancellation at an average price of 801.0513 pence per share. Following this transaction, the company now has 900,893,255 ordinary shares in issue and holds 4,639,153 ordinary shares in treasury, resulting in a total of 896,254,102 voting rights. This information is crucial for shareholders to determine if they are required to notify any changes in their interest in the company under the FCA's Disclosure Guidance and Transparency Rules.
The detailed schedule of purchases made by Merrill Lynch International on behalf of the company as part of the buyback program has been provided. The schedule includes the number of shares purchased, transaction prices per share, time of transaction, and the execution venue. This level of transparency is essential for stakeholders and investors to understand the specifics of the buyback program and the market activity related to the company's shares.
The company's decision to repurchase its own shares at the disclosed prices and quantities can be seen as a strategic move to manage its capital structure and enhance shareholder value. This buyback program can also indicate the company's confidence in its financial position and future cash flows. The detailed breakdown of individual transactions provides a comprehensive view of the market activity and the company's investment decisions, which can be valuable information for investors and analysts assessing the company's performance and market sentiment.
The announcement also includes contact information for any enquiries related to the transactions, demonstrating the company's commitment to transparency and communication with its stakeholders. This level of accessibility can be beneficial for investors and analysts seeking further information or clarification regarding the buyback program and its implications.