Redde Northgate PLC has announced the purchase of 50,000 of its own ordinary shares at a weighted average purchase price of 352.75 pence per share. Following this transaction, the company's issued share capital consists of 246,091,423 ordinary shares, with 18,215,071 ordinary shares held in treasury. The total number of voting rights in the company is 227,876,352.
The purchases were made in accordance with the Market Abuse Regulation and detailed information about the transactions is provided in the announcement. The company has also provided contact information for further inquiries.
Redde Northgate is a leading integrated mobility solutions platform, 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, meeting their regular mobility needs and supporting them during unforeseen events. With a significant scale and reach, the company aims to offer a market-leading customer proposition and drive enhanced returns for shareholders 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, individuals can visit the company's website at www.reddenorthgate.com.