Redde Northgate PLC has announced the purchase of 50,000 of its own ordinary shares at a weighted average purchase price of 354.75 pence per share. Following this transaction, the company's issued share capital consists of 246,091,423 ordinary shares, with 18,390,071 ordinary shares held in treasury. The total number of voting rights in the company is 227,701,352.
The purchases were made in accordance with the company's buyback program, with detailed information provided in the announcement. The company has released this information to comply with the requirements of Listing Rule 12.4.6.
Redde Northgate is a leading integrated mobility solutions platform providing services across the vehicle lifecycle. The company offers integrated mobility solutions to businesses, fleet operators, insurers, OEMs, and other customers across seven key areas, including vehicle rental, vehicle data, accident management, vehicle repairs, fleet management, service and maintenance, vehicle ancillary services, and vehicle sales.
The company's core purpose is to keep its customers mobile, meeting their regular mobility needs and servicing and supporting them during unforeseen events. Redde Northgate aims to offer a market-leading customer proposition and drive enhanced returns for shareholders through sustainable compounding growth. The group services its customers through a network and diversified fleet of over 120,000 owned and leased vehicles, supporting over 600,000 managed vehicles, with more than 170 workshop, body shop, and rental locations across the UK, Ireland, and Spain, and a specialist team of over 6,000 automotive services professionals.
For further information, individuals can visit the company's website at www.reddenorthgate.com.