Transaction in Own Shares

RNS Number : 5821E

Motorpoint Group plc

28 February 2020

 

28 February 2020

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:	28 February 2020
(2) Number of shares purchased:	15,000
(3) Average price per share:	296.5 pence
Highest price per share:	296.5 pence
Lowest price per share:	296.5 pence
(4) Treatment of purchased shares:	Cancellation

Following the cancellation, the Company's issued share capital consists of 90,389,885 ordinary shares, each with one voting right.

The total number of voting rights in the Company 90,389,885.

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 programme announced on 8 October 2019.

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
15,000	296.5 pence	16:36

Enquiries:

Motorpoint Group PLC Mark Carpenter, Chief Executive Officer James Gilmour, Chief Financial Officer	via FTI Consulting
FTI Consulting (Financial PR) Jonathon Brill Alex Beagley James Styles	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 13 retail sites across the United Kingdom; Derby, Burnley, Glasgow, Newport, Peterborough, Chingford, Birmingham, Widnes, Birtley, Castleford, Oldbury, Sheffield and Swansea, of which five have opened in the last five 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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