Redde Northgate PLC has announced the purchase of 50,000 of its own ordinary shares at a weighted average purchase price of 346 pence per share. Following this transaction, the company's issued share capital consists of 246,091,423 ordinary shares, with 19,240,071 ordinary shares held in treasury. The total number of voting rights in the company is 226,851,352. The purchases were made by Numis Securities Limited on behalf of the company as part of its buyback program.
The detailed schedule of the individual transactions, including the number of shares purchased, transaction prices, and time of transactions, has been provided in accordance with the requirements of Listing Rule 12.4.6. For further information, individuals can contact Buchanan at +44 (0) 207 466 5000.
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 seven key areas. These include vehicle rental, vehicle data, accident management, vehicle repairs, fleet management, service and maintenance, vehicle ancillary services, and vehicle sales.
The company's core purpose is to keep its customers mobile, whether through meeting their regular mobility needs or by servicing and supporting them when unforeseen events occur. Redde Northgate aims to achieve this through the delivery of its strategic framework of Focus, Drive, and Broaden. 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, and a specialist team of over 6,000 automotive services professionals.
For further information, individuals can visit the company's website at www.reddenorthgate.com.