Auto Trader Group plc has announced the purchase of 208,000 of its ordinary shares for cancellation at an average price of 725.9234p per share. Following this transaction, the company has 909,915,430 ordinary shares in issue and holds 4,937,246 ordinary shares in treasury, resulting in a total of 904,978,184 voting rights in the company. These figures may be used by shareholders to determine if they are required to notify their interest in, or a change to their interest in, Auto Trader Group plc 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 transactions were executed at various times and prices on the XLON trading venue. The highest purchase price paid per share was 735.80p, while the lowest was 719.00p.
This announcement reflects the company's ongoing efforts to optimize its capital structure and return value to its shareholders. The buyback program is a strategic move to enhance shareholder value and demonstrates the company's confidence in its financial position and future prospects.