Driver Group plc has confirmed the purchase of 10,000 of its ordinary shares at a price of 25 pence per share through Singer Capital Markets. The shares purchased will be held in treasury. The transaction details, including the date of purchase, number of shares, highest and lowest price paid per share, and the volume weighted average price paid, were provided in accordance with the Market Abuse Regulation.
Following the purchase, the Company's total issued share capital consists of 53,962,868, with 914,046 shares held in treasury. This leaves the total number of Ordinary shares carrying voting rights at 53,048,822. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
For further information, the Company provided contact details for Mark Wheeler (CEO) and Charlotte Parsons (CFO) from Driver Group plc, as well as Sandy Fraser and Jen Boorer from Singer Capital Markets. Additionally, contact information for Simon Nayyar from Acuitas Communications was supplied.
This announcement provides a clear overview of Driver Group plc's recent purchase of its own shares, including the details of the transaction and the resulting impact on the Company's total issued share capital and voting rights.