Motorpoint (GB:MOTR) has released an update.
Motorpoint Group plc has successfully executed a share buyback, purchasing 17,500 of its own shares at a uniform price of 141 GBp, leading to the cancellation of these shares. Post-transaction, the total number of remaining shares in issue stands at 88,767,544, all of which carry voting rights. This move is part of the company’s previously announced Share Buyback Programme and is aimed at reducing the share capital and potentially increasing the value of remaining shares.
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