Redde Northgate PLC has announced the purchase of 50,000 of its own ordinary shares at a weighted average purchase price of 430 pence per share. Following this transaction, the company's issued share capital consists of 246,091,423 ordinary shares, with 19,614,362 ordinary shares held in treasury. The total number of voting rights in the company is 226,477,061. This information is crucial for shareholders to determine if they are required to notify any changes in their interest in the company under the FCA's Disclosure Guidance and Transparency Rules.
The detailed schedule of purchases made by Numis Securities Limited on behalf of the company as part of the buyback program has been provided, in accordance with the requirements of Listing Rule 12.4.6. The individual transactions, including the number of shares purchased, transaction prices, time of transaction, reference numbers, and venues, have been outlined in the announcement.
Redde Northgate is a leading integrated mobility solutions platform providing services across the vehicle lifecycle. The company's core purpose is to keep its customers mobile, meeting their regular mobility needs and servicing and supporting them during unforeseen events. 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. Redde Northgate 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.