Redde Northgate PLC has announced that it has purchased 50,000 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, with 17,240,071 held in treasury. The total number of voting rights in the company is 228,851,352. 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 operates a network and diversified fleet of over 120,000 owned and leased vehicles, supporting over 600,000 managed vehicles, with locations across the UK, Ireland, and Spain. The company has a team of over 6,000 automotive services professionals.