Auto Trader (GB:AUTO) has released an update.
Auto Trader Group plc has announced a share buyback on June 10, 2024, purchasing 215,000 of its own shares at prices ranging from 814.8000p to 823.6000p per share. Following the transaction, the company has a new total of 902,794,190 shares in issue, with 4,808,139 held in treasury, thus adjusting the total voting rights to 897,986,051. This share repurchase is part of Auto Trader’s buyback program, executed through Merrill Lynch International, and aims to reduce the number of shares in circulation.
For further insights into GB:AUTO stock, check out TipRanks’ Stock Analysis page.
