Auto Trader (GB:AUTO) has released an update.
Auto Trader Group plc has announced the buyback of 124,000 of its own shares on 23 July 2024, executed by Merrill Lynch International at prices ranging from 795.4000p to 806.4000p per share, for cancellation. The transaction leaves the company with 898,848,855 ordinary shares in issue, and 4,437,331 in treasury, affecting the total voting rights available to shareholders. This share buyback is part of the company’s ongoing strategy to manage its capital effectively.
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