Auto Trader Group plc has announced the purchase of 285,000 of its ordinary shares for cancellation at an average price of 825.1718 pence per share. Following this transaction, the company now has 899,660,855 ordinary shares in issue and holds 4,507,443 ordinary shares in treasury, resulting in a total of 895,153,412 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 its impact on the company's shares.
This announcement provides a clear insight into the company's recent financial activities and its impact on the total number of shares in issue and voting rights. It also demonstrates the company's commitment to transparency and compliance with regulations, providing stakeholders with the necessary information to make informed decisions regarding their interest in Auto Trader Group plc.