On August 10, 2023, Redde Northgate PLC announced that it has purchased 100,000 of its own ordinary shares of 50p each to be held in treasury. The weighted average purchase price paid for the shares was 353 pence per share, with the highest and lowest purchase prices also being 353 pence per share. Following this transaction, the company's issued share capital consists of 246,091,423 ordinary shares, of which 17,077,571 are held in treasury. The total number of voting rights in the company is 229,013,852.
This purchase of shares is part of the company's buyback program, and the detailed information about the purchases made by Numis Securities Limited on behalf of the company is provided in the schedule of purchases. The announcement is made in accordance with the requirements of Listing Rule 12.4.6.
Redde Northgate is a leading integrated mobility solutions platform that offers services across the vehicle lifecycle. The company provides integrated mobility solutions to businesses, fleet operators, insurers, OEMs, and other customers in areas such as 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 and aims to achieve this through its strategic framework of Focus, Drive, and Broaden. Redde Northgate services its customers through a network and diversified fleet of over 120,000 owned and leased vehicles, with more than 170 workshop, body shop, and rental locations across the UK, Ireland, and Spain.