Redde Northgate PLC has announced that it has purchased 25,000 of its own ordinary shares at an average price of 358 pence per share. The highest and lowest purchase prices were also 358 pence per share. Following this transaction, the company's issued share capital consists of 246,091,423 ordinary shares, of which 16,615,071 are held in treasury. The total number of voting rights in the company is 229,476,352. The purchases were made by Numis Securities Limited on behalf of Redde Northgate as part of the company's buyback program.
Redde Northgate is a leading integrated mobility solutions platform that provides services across the vehicle lifecycle. The company offers integrated mobility solutions in areas such as vehicle rental, vehicle data, accident management, vehicle repairs, fleet management, service and maintenance, vehicle ancillary services, and vehicle sales. Its core purpose is to keep customers mobile and provide support in unforeseen events. The company aims to offer a market-leading customer proposition and drive enhanced returns for shareholders through sustainable compounding growth. Redde Northgate serves its customers through a network and diversified fleet of over 120,000 owned and leased vehicles, supporting over 600,000 managed vehicles. It has more than 170 workshop, body shop, and rental locations across the UK, Ireland, and Spain, with a team of over 6,000 automotive services professionals.