Motorpoint (GB:MOTR) has released an update.
Motorpoint Group PLC successfully executed a share buyback program, purchasing 25,000 of its Ordinary Shares at a uniform price of 138 GBp per share, which will lead to the cancellation of these shares. This move leaves the company with 88,290,177 total voting rights, as shares held in treasury stand at zero post-transaction. The share buyback, part of a previously announced program, is a common strategy to return value to shareholders and potentially increase the stock’s value.
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