Motorpoint (GB:MOTR) has released an update.
Motorpoint Group PLC has successfully conducted a share buyback, purchasing 60,000 of its own Ordinary Shares at a uniform price of 141 GBp per share, as part of a previously announced programme. Post-purchase, the company will cancel these shares, reducing the number of Ordinary Shares in issue to 88,675,044 and thus the total voting rights. The share buyback is part of the company’s ongoing efforts to manage capital effectively.
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