Auto Trader Group plc has announced the purchase of 214,000 of its ordinary shares for cancellation at an average price of 702.7099p per share. Following this transaction, the company now has 913,074,706 ordinary shares in issue and holds 5,264,966 ordinary shares in treasury, resulting in a total of 907,809,740 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 purchases were made at various times and prices, ranging from 697.20p to 703.40p per share, and were executed on the XLON trading venue. The company's Company Secretary, Claire Baty, can be contacted for any enquiries regarding this transaction.
This announcement is in accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation). The company's decision to repurchase its own shares is a significant financial move that can impact its capital structure and shareholder value. It also reflects the company's confidence in its financial position and future prospects.