Redde Northgate PLC has announced the purchase of 50,000 of its own ordinary shares at a weighted average purchase price of 381 pence per share. Following this transaction, the company's issued share capital consists of 246,091,423 ordinary shares, with 20,406,862 ordinary shares held in treasury. The total number of voting rights in the company is 225,684,561. The purchases were made as part of the company's buyback program, in accordance with the requirements of Listing Rule 12.4.6.
The company's core purpose is to provide integrated mobility solutions across the vehicle lifecycle, catering to businesses, fleet operators, insurers, OEMs, and other customers. Redde Northgate aims to keep its customers mobile 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 contact Buchanan at +44 (0) 207 466 5000 or visit the company's website at www.reddenorthgate.com.