Transaction in Own Shares

RNS Number : 2611T

Motorpoint Group plc

02 July 2018

 

2 July 2018

Motorpoint Group Plc

 ("Motorpoint" or "the Company")

Transaction in Own Shares

Motorpoint, the UK's largest independent vehicle retailer, announces that the Company has purchased ordinary shares of 1 pence each in its issued share capital as follows:

(1) Date of purchase:	29 June 2018
(2) Number of shares purchased:	1,415,000
(3) Average price per share:	225.6214 pence
Highest price per share:	235 pence
Lowest price per share:	225 pence
(4) Treatment of purchased shares:	Cancellation

Following the cancellation, the Company's issued share capital consists of 98,124,023 ordinary shares, each with one voting right.

The total number of voting rights in the Company is 98,124,023.

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.

The transaction is in accordance with Motorpoint's buy-back program announced on 29 November 2017.

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 purchased	Transaction price (pence per share)	Time of transaction
1,300,000	225	07:18:08
25,000	232	11:36:19
4,637	232	11:37:49
414	232	11:37:49
338	232	11:37:49
9,611	232	11:37:56
28	232	11:39:39
26	232	11:39:39
11	232	11:39:39
10	232	11:39:39
32	232	11:39:39
32	232	11:39:39
14,500	232	11:40:21
361	232	11:41:34
1	231	11:44:05
2,315	231	11:44:10
627	232	11:49:51
669	232	11:49:51
132	232	11:49:51
4,993	233	11:50:07
10,000	235	11:51:33
368	234	11:59:22
1,070	234	11:59:22
528	234	11:59:22
378	234	12:03:36
4,344	234	12:30:43
656	234	12:30:43
1,980	234	12:30:43
588	234	12:30:43
589	234	12:30:43
483	234	12:30:43
1,752	234	12:30:43
264	234	12:30:43
34	233	13:04:26
2,212	233	13:24:01
2,330	233	13:35:13
431	233	13:54:23
3,572	232	13:58:58
9,569	231	14:15:04
1,218	234	15:22:47
601	234	15:22:47
3,181	234	15:22:47
5,115	234	15:23:06

Contact Information:
Motorpoint Group PLC (www.motorpointplc.com) Manjit K. Virk, Company Secretary	Via FTI Consulting
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 Company'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.

 

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