LONDON–(BUSINESS WIRE)– Regulatory News:
MotorK Plc (AMS: MTRK) (“MotorK” or the “Group”) announces today that it has purchased the following number of ordinary shares in the Company.
This is part of a repurchase program announced on July 18, 2022. MotorK intends to buy back its own ordinary shares by way of off-market purchases on Euronext Amsterdam and via block trades up to a maximum aggregate value of €3,000,000 (the “Programme”). The authorization will expire following the conclusion of the Annual General Meeting of the Company to be held in 2023.
Aggregate Information
Date | Transactions | Number of Ordinary Shares | Total Consideration (€) | Average price (€ per share) |
Minimum price (€ per share) |
Maximum price (€ per share) |
||||||
25/7/2022 | Purchase |
4,550 |
|
13,665 |
|
3.00 |
|
2.98 |
|
3.10 |
||
26/7/2022 | Purchase |
427 |
|
1,309 |
|
3.07 |
|
3.05 |
|
3.08 |
||
27/7/2022 | Purchase |
2,122 |
|
6,486 |
|
3.06 |
|
3.00 |
|
3.06 |
||
28/7/2022 | Purchase |
2,731 |
|
8,190 |
|
3.00 |
|
2.99 |
|
3.00 |
||
29/7/2022 | Purchase |
2,249 |
|
6,740 |
|
3.00 |
|
2.97 |
|
3.00 |
||
Total Weekly |
12,079 |
|
36,389 |
|
3.01 |
|
2.97 |
|
3.10 |
|||
Cumulated to date |
21,010 |
|
64,383 |
|
|
|
|
|
|
The Programme is implemented within the limitations of the authority granted by the General Meeting on July 18, 2022. Any shares so repurchased shall be treated as cancelled pursuant to section 706(b) of the Companies Act 2006.
The Group has entered into non-discretionary instructions with Kepler Cheuvreux SA (“Kepler Cheuvreux”) to conduct the Programme on its behalf and to make trading decisions under the Programme independently of MotorK.