Transaction in Own Shares

RNS Number : 7824R

Motorpoint Group plc

19 June 2018

 

19 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:	18 June 2018
(2) Number of shares purchased:	100,000
(3) Average price per share:	248 pence
Highest price per share:	248 pence
Lowest price per share:	248 pence
(4) Treatment of purchased shares:	Cancellation

Following the cancellation, the Company's issued share capital consists of 99,704,023 ordinary shares, each with one voting right.

The total number of voting rights in the Company is 99,704,023.

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 purchased	Transaction price (per share)	Time of transaction
100,000	248 pence	08:52:35

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 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.

 

END

 

 

POSDGGDLLSBBGII