Motorpoint Group plc Transaction in Own Shares (6698R)
June 18 2018 - 1:00AM
UK Regulatory
TIDMMOTR
RNS Number : 6698R
Motorpoint Group plc
18 June 2018
18 June 2018
Motorpoint Group PLC
("Motorpoint" or "the Company")
Transaction in Own Shares
Motorpoint, the UK's largest independent vehicle retailer,
announces that in accordance with its buy-back program announced on
29 November 2017, the Company has purchased ordinary shares of 1
pence each in its issued share capital as follows:
(1) Date of purchase: 15 June 2018
(2) Number of shares
purchased: 115,000
(3) Average price 248 pence
per share:
Highest price per 248 pence
share:
Lowest price per 248 pence
share:
(4) Treatment of Cancellation
purchased shares:
Following the cancellation, the Company's issued share capital
consists of 99,804,023 ordinary shares, each with one voting
right.
The total number of voting rights in the Company is
99,804,023.
This figure may be used by shareholders as the denominator for
the calculation by which they will determine if they are required
to notify their interest in, or a change in their interest in, the
Company under the FCA's Disclosure and Transparency Rules.
This notification is made pursuant to Listing Rule 12.4.6R and
Disclosure and Transparency Rule 5.6. In accordance with Article
5(1)(b) of the Market Abuse Regulation (EU) No 596/2014, the
schedule below contains further information on the individual
trades that are reported in the aggregate above.
Schedule of Purchases - Individual Transactions
Number of shares Transaction price Time of transaction
purchased (per share)
----------------- ------------------ --------------------
115,000 248 pence 13:18:43
----------------- ------------------ --------------------
Contact Information:
Motorpoint Group PLC (www.motorpointplc.com) Via FTI Consulting
Manjit K. Virk, Company Secretary
FTI Consulting (Financial PR)
Alex Beagley
James Styles
Fern Duncan 020 3727 1000
Notes to editors
Motorpoint is the largest independent vehicle retailer in the
United Kingdom. The Group's principal business is the sale of
nearly-new vehicles, the majority of which are up to two years old
and which have covered less than 15,000 miles. Motorpoint sells
vehicles from brands representing over 95 per cent. of new vehicle
sales in the United Kingdom, with models from Ford, Vauxhall,
Volkswagen, Nissan, Hyundai, Audi and BMW being amongst the top
sellers. The Group operates from 12 retail sites across the United
Kingdom; Derby, Burnley, Glasgow, Newport, Peterborough, Chingford,
Birmingham, Widnes, Birtley, Castleford, Oldbury and Sheffield, of
which four have opened in the last three years; together with a
national contact-centre dealing with online enquiries.
More information is available at www.motorpointplc.com and
www.motorpoint.co.uk.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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