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Auto Trader Executes Share Buyback to Enhance Shareholder Value
Company Announcements

Auto Trader Executes Share Buyback to Enhance Shareholder Value

Story Highlights
  • Auto Trader operates in the automotive industry, offering a vehicle marketplace.
  • Auto Trader repurchased 300,000 shares, impacting voting rights and shareholder notifications.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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Auto Trader ( (GB:AUTO) ) has provided an update.

Auto Trader Group plc announced the repurchase of 300,000 ordinary shares for cancellation at an average price of 795.6889 pence per share. This transaction is part of a buyback program aimed at optimizing the company’s capital structure, potentially enhancing shareholder value. Following this transaction, the company’s total voting rights have been adjusted, impacting shareholders’ calculations for interest notification under FCA rules.

More about Auto Trader

Auto Trader Group plc operates within the automotive industry, providing a platform for buying and selling vehicles. It focuses on connecting car buyers and sellers through its marketplace, which is a key part of its service offering.

YTD Price Performance: -0.11%

Average Trading Volume: 2,720,472

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £6.98B

See more data about AUTO stock on TipRanks’ Stock Analysis page.

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