ZIGUP PLC, formerly known as Redde Northgate plc, has announced the purchase of 50,000 of its own ordinary shares at a weighted average purchase price of 429.5 pence per share. Following this transaction, the company's issued share capital consists of 246,091,423 ordinary shares, with 19,864,362 ordinary shares held in treasury. Additionally, there are 1,000,000 preference shares of 50p each which do not carry any voting rights, resulting in a total of 226,227,061 voting rights in the company.
The announcement is made in accordance with the requirements of Listing Rule 12.4.6. The purchases were made by Numis Securities Limited on behalf of the company as part of its buyback program. The detailed schedule of individual transactions, including the number of shares purchased, transaction prices, and time of transactions, has been provided in the announcement.
ZIGUP PLC is a leading integrated mobility solutions provider, 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, smarter, by meeting their regular mobility needs and supporting them during unforeseen events. ZIGUP supports its customers through a network and diversified fleet of approximately 130,000 owned and leased vehicles, with over 175 branches across the UK, Ireland, and Spain, and a specialist team of over 7,500 employees.
The company's mission is to offer an imaginative, market-leading customer proposition and drive enhanced returns for shareholders by creating value through sustainable compounding growth. ZIGUP seeks to achieve this through the delivery of its new strategic framework of Enable, Deliver, and Grow. Further information about ZIGUP PLC can be found on the company's website.