Auto Trader Group plc Additional Listing (5720D)
23 Junho 2023 - 3:00AM
UK Regulatory
TIDMAUTO
RNS Number : 5720D
Auto Trader Group plc
23 June 2023
23 June 2023
AUTO TRADER GROUP PLC
SATISFACTION OF DEFERRED CONSIDERATION
AUTO TRADER GROUP PLC (the "Company") announces that on 22 June
2023 it allotted an aggregate of 7,849,782 ordinary shares of
GBP0.01 each ("Ordinary Shares") at a price of 626.44 pence per
Ordinary Share (the "New Shares"), based on the Company's volume
weighted average price from 22 May 2023 to 21 June 2023, (valued at
approximately GBP49,173,848) to the vendors of Autorama (UK)
Limited as satisfaction of the deferred consideration payable by
the Company pursuant to the terms of the acquisition announced on
17 May 2022. There is no further deferred consideration payable in
either cash or shares to any former shareholders of Autorama (UK)
Limited.
Application for the New Shares to be admitted to the premium
listing segment of the Official List of the Financial Conduct
Authority and to be admitted to trading on the main market for
listed securities of the London Stock Exchange (together,
"Admission") has been made and it is expected that Admission will
take place on or before 8.00am on 27 June 2023. The proposed issue
and allotment of the New Shares is conditional upon Admission
becoming effective.
Following Admission, the Company's issued share capital consists
of 924,450,661 Ordinary Shares, of which 4,301,711 are held in
treasury. The total number of voting rights in the Company is
920,148,950 , which may be used by shareholders as the denominator
for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest
in the Company under the FCA's Disclosure Guidance and Transparency
Rules.
Notification made by
Claire Baty, Company Secretary
23 June 2023
Enquiries:
Powerscourt
autotrader@powerscourt-group.com +44 (0) 20 7250 1446
About Auto Trader
Auto Trader Group plc is the UK's largest automotive
marketplace. It listed on the London Stock Exchange in March 2015
and is a member of the FTSE 100 Index.
Auto Trader's purpose is Driving Change Together. Responsibly.
Auto Trader is committed to creating a diverse and inclusive
culture, it aims to build stronger partnerships with its customers
and use its voice and influence to drive more environmentally
friendly vehicle choices.
With the largest number of car buyers and the largest choice of
trusted stock, Auto Trader's marketplace sits at the heart of the
UK car buying process. That marketplace is built on an
industry-leading technology and data platform, which is
increasingly used across the automotive industry. Auto Trader is
continuing to bring more of the car buying journey online, creating
an improved buying experience, whilst enabling all its retailer
partners to sell vehicles online.
Auto Trader publishes a monthly used car Retail Price Index
which is based on pricing analysis of circa 800,000 unique
vehicles. This data is used by the Bank of England to feed the
broader UK economic indicators.
For more information, please visit:
https://plc.autotrader.co.uk/
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END
ALSSELSUEEDSELM
(END) Dow Jones Newswires
June 23, 2023 02:00 ET (06:00 GMT)
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