Motorpoint Group plc Transaction in Own Shares (8281B)

TIDMMOTR

RNS Number : 8281B

Motorpoint Group plc

11 June 2019

11 June 2019

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:         11 June 2019 
 (2) Number of shares 
  purchased:                   58,000 
 (3) Average price per         214 pence 
  share: 
    Highest price per share:   214 pence 
     Lowest price per share:   214 pence 
 (4) Treatment of purchased    Cancellation 
  shares: 
 

Following the cancellation, the Company's issued share capital consists of 95,351,885 ordinary shares, each with one voting right.

The total number of voting rights in the Company 95,351,885.

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 program announced on 7 May 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   Transaction     Time of transaction 
  purchased          price (pence 
                     per share) 
 58,000             214             09:19 
                   --------------  -------------------- 
 

Enquiries:

 
Motorpoint Group PLC               via FTI Consulting 
 Mark Carpenter, Chief Executive 
 Officer 
 James Gilmour, Chief Financial 
 Officer 
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 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 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.

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 [e-mail] or visit www.rns.com.

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June 11, 2019 06:10 ET (10:10 GMT)