Redde Northgate PLC has announced that it has purchased 50,000 of its own ordinary shares at an average price of 360.5 pence per share. The highest and lowest purchase prices were also 360.5 pence per share. Following this transaction, the company's issued share capital consists of 246,091,423 ordinary shares, of which 16,715,071 are held in treasury. The total number of voting rights in the company is 229,376,352. The purchases were made by Numis Securities Limited on behalf of the company as part of its buyback program. The transaction details are provided in the schedule of purchases. This 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 provide support in unforeseen events. Redde Northgate aims to offer a market-leading customer proposition and drive enhanced returns for shareholders through sustainable compounding growth. The company has a network and diversified fleet of over 120,000 owned and leased vehicles, supporting over 600,000 managed vehicles, with locations across the UK, Ireland, and Spain.