Auto Trader Group plc has announced the purchase of its own shares through Deutsche Numis. The company bought 179,954 ordinary shares for cancellation at an average price of 744.4338p per share. Following this transaction, the company now has 908,956,851 ordinary shares in issue and holds 4,924,083 ordinary shares in treasury, resulting in a total of 904,032,768 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 Deutsche Numis on behalf of the company as part of the buyback program has been provided. The schedule includes the number of ordinary shares purchased, transaction prices, and the time of transactions on the trading venue. This level of transparency is essential for stakeholders and investors to understand the specifics of the share buyback program.
The company's decision to repurchase its own shares can have various implications for its financial position and shareholder value. It's a strategic move that can signal confidence in the company's performance and future prospects. Additionally, it can lead to an increase in earnings per share and provide tax advantages for investors. This announcement provides valuable insight into Auto Trader Group plc's financial activities and its commitment to delivering shareholder value.