Redde Northgate PLC has announced the purchase of 50,000 of its own ordinary shares at a weighted average purchase price of 357.5 pence per share. Following this transaction, the company's issued share capital consists of 246,091,423 ordinary shares, with 17,440,071 ordinary shares held in treasury. The total number of voting rights in the company is 228,651,352. This information is disclosed in compliance with the FCA's Disclosure Guidance and Transparency Rules.
The detailed schedule of the purchase, including the number of shares purchased, transaction price, time of transaction, reference number, and venue, has been provided in accordance with the requirements of Listing Rule 12.4.6. The purchases were made by Numis Securities Limited on behalf of the company as part of its buyback program.
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 various key areas. With a considerable scale and reach, the company aims to offer a market-leading customer proposition and drive enhanced returns for shareholders through sustainable compounding growth.
The company 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. For further information, individuals can visit the company's website at www.reddenorthgate.com.