Motorpoint (GB:MOTR) has released an update.
Motorpoint Group PLC has executed a share buyback, purchasing 34,830 of its own ordinary shares at prices ranging from 143.00 to 144.50 GBp per share, with the average price being 143.9064 GBp. Following the buyback, the shares will be cancelled, reducing the number of shares in issue to 88,546,127, which is also the total voting rights figure for shareholders. The buyback is part of a programme announced earlier on 26 January 2024, aimed at reducing the share capital and potentially increasing the value of remaining shares.
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