Redde Northgate PLC has announced the purchase of 50,000 of its own shares to be held in treasury. The weighted average purchase price paid was 342.5 pence per share, with the highest purchase price at 343 pence per share and the lowest at 342 pence per share. Following this transaction, the Company's issued share capital consists of 246,091,423 ordinary shares of 50p each, with 18,715,071 ordinary shares held in treasury. The total number of voting rights in the Company is 227,376,352.
The purchases were made by Numis Securities Limited on behalf of the Company as part of the Company's buyback program. The detailed schedule of individual transactions is provided in the announcement. This announcement is made in accordance with the requirements of Listing Rule 12.4.6.
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, contact Buchanan at +44 (0) 207 466 5000 or visit the Company's website at www.reddenorthgate.com.