Auto Trader Executes Major Share Buyback

Auto Trader (GB:AUTO) has released an update.

Auto Trader Group plc has actively bought back 150,000 of its own shares for cancellation, fluctuating between 728.0000p and 744.4000p per share, which affects the voting rights and share value for stakeholders. The buyback, executed through Merrill Lynch International, is part of the company’s strategy to manage capital and possibly return value to shareholders. Following the transaction, Auto Trader’s issued share capital consists of 903,133,190 shares with 898,281,358 total voting rights.

For further insights into GB:AUTO stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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