ZIGUP PLC, formerly known as Redde Northgate plc, has announced the purchase of its own shares to be held in treasury. On 4th June 2024, the company bought 50,000 ordinary shares of 50p each at a weighted average purchase price of 433.75 pence per share. This transaction has resulted in the company's issued share capital consisting of 246,091,423 ordinary shares, with 19,964,362 ordinary shares held in treasury and 1,000,000 preference shares. The total number of voting rights in the company is 226,127,061.
The purchases were made by Numis Securities Limited on behalf of the company as part of its buyback program. The detailed schedule of purchases includes the number of shares purchased, transaction prices, time of transaction, reference numbers, and venues. This announcement is made in accordance with the requirements of Listing Rule 12.4.6.
ZIGUP PLC is a leading integrated mobility solutions provider, offering services across the vehicle lifecycle to businesses, fleet operators, insurers, OEMs, and other customers. The company's core purpose is to keep its customers mobile, smarter, by meeting their regular mobility needs and supporting them during unforeseen events. ZIGUP supports its customers through a network and diversified fleet of approximately 130,000 owned and leased vehicles, over 700,000 managed vehicles, and over 175 branches across the UK, Ireland, and Spain, with a team of over 7,500 employees.
The company's mission is to offer an imaginative, market-leading customer proposition and drive enhanced returns for shareholders through sustainable compounding growth. ZIGUP seeks to achieve this through the delivery of its new strategic framework of Enable, Deliver, and Grow. Further information regarding ZIGUP PLC can be found on the Company's website.