Redde Northgate PLC has announced the purchase of 50,000 of its own ordinary shares to be held in treasury. The weighted average purchase price paid was 386.24 pence per share, with the highest purchase price at 385 pence per share and the lowest at 387.48 pence per share. Following this transaction, the Company's issued share capital consists of 246,091,423 ordinary shares, with 18,981,862 ordinary shares held in treasury and 1,000,000 preference shares. The total number of voting rights in the Company is 227,109,561.
The detailed information about the purchases made by Numis Securities Limited on behalf of the Company as part of the buyback program is provided in the announcement. The schedule of purchases includes individual transactions, specifying the number of shares purchased, transaction price, time of transaction, reference number, and venue.
The announcement is made in accordance with the requirements of Listing Rule 12.4.6. For further information, contact Buchanan at +44 (0) 207 466 5000.
Redde Northgate is the 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. With a considerable scale and reach, Redde Northgate aims to offer a market-leading customer proposition and drive enhanced returns for shareholders by creating value 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, please visit the Company's website: www.reddenorthgate.com