Motorpoint (GB:MOTR) has released an update.
Motorpoint Group plc has successfully executed a share buyback program, purchasing 13,915 of its Ordinary Shares at a uniform price of 141 GBp per share, which will result in the shares being cancelled. Post-transaction, Motorpoint’s total issued share capital will consist of 87,756,356 Ordinary Shares, with the same number of voting rights. This move is part of the company’s strategy to manage its capital and may impact the stock’s market performance.
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