Motorpoint Group plc Transaction in Own Shares (4930K)

TIDMMOTR

RNS Number : 4930K

Motorpoint Group plc

11 April 2018

11 April 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:    10 April 2018 
 (2) Number of shares 
  purchased:              25,000 
 (3) Average price        230.5 pence 
  per share: 
      Highest price per   230.5 pence 
                 share: 
       Lowest price per   230.5 pence 
                 share: 
 (4) Treatment of         Cancellation 
  purchased shares: 
 

Following the cancellation, the Company's issued share capital consists of 99,999,023 ordinary shares, each with one voting right.

The total number of voting rights in the Company is 99,999,023

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) 
-----------------  ------------------  -------------------- 
      10,000           230.5 pence           15:42:24 
-----------------  ------------------  -------------------- 
      15,000           230.5 pence           15:44:43 
-----------------  ------------------  -------------------- 
 
 
 Contact Information: 
 Motorpoint Group PLC (www.motorpointplc.com)    Via FTI Consulting 
  Manjit K. Virk, Company Secretary 
 FTI Consulting (Financial PR) 
  Alex Beagley 
  James Styles                                   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 six 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.

This information is provided by RNS

The company news service from the London Stock Exchange

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April 11, 2018 02:00 ET (06:00 GMT)