Motorpoint (GB:MOTR) has released an update.
Motorpoint Group plc has successfully executed a share buyback, purchasing 50,000 Ordinary Shares at a uniform price of 144 GBp per share, which will subsequently be cancelled. This buyback activity will reduce the total number of Ordinary Shares in issue to 88,496,127, consequently adjusting the total voting rights within the company. The transaction, part of a previously announced Share Buyback Programme, reflects Motorpoint’s ongoing capital return strategy to its shareholders.
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