Auto Trader Group plc has announced the purchase of 170,000 of its ordinary shares for cancellation at an average price of 701.0728 pence per share. Following this transaction, the company now has 904,833,190 ordinary shares in issue and holds 4,878,846 ordinary shares in treasury, resulting in a total of 899,954,344 voting rights in the company. This information is important for 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 information about the purchases made by Merrill Lynch International on behalf of the company as part of the buyback program is provided in the schedule of purchases, including the number of shares purchased, transaction price per share, time of transaction, and execution venue. The transactions were executed at various times throughout the day, with the highest purchase price paid per share being 702.2000p and the lowest being 696.8000p.
The company's Company Secretary, Claire Baty, can be contacted for any enquiries related to this announcement at 0345 111 0006.
This announcement is made in accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation). The company's decision to purchase its own shares for cancellation at a specific price reflects its strategy and financial position, and the detailed information provided in the announcement ensures transparency for shareholders and the market.