Auto Trader Group plc has announced the purchase of 180,000 of its ordinary shares for cancellation at an average price of 675.2474 pence per share. Following this transaction, the company now has 906,223,190 ordinary shares in issue and holds 4,882,922 ordinary shares in treasury, resulting in a total of 901,340,268 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 execution venue. This level of transparency is essential for stakeholders and investors to understand the specifics of the buyback program and the company's financial activities.
The announcement also includes contact information for Auto Trader Group plc, providing a point of contact for any further inquiries or information regarding the transaction. This demonstrates the company's commitment to transparency and open communication with its stakeholders.
Overall, the announcement provides a comprehensive overview of the recent share purchase transaction, including specific details of the shares bought back, the average price, and the impact on the company's total voting rights. This information is vital for investors, analysts, and regulatory authorities to understand the company's financial activities and the resulting impact on its share capital and voting rights.