Redde Northgate PLC has announced the purchase of 50,000 of its own ordinary shares to be held in treasury. The weighted average purchase price paid was 397.64 pence per share, with the highest purchase price at 397.75 pence per share and the lowest at 397.5 pence per share. Following this transaction, the Company's issued share capital consists of 246,091,423 ordinary shares, with 19,239,362 ordinary shares held in treasury and 1,000,000 preference shares. The total number of voting rights in the Company is 226,852,061.
The detailed information about the purchases made by Numis Securities Limited on behalf of the Company as part of the buyback program is provided in the announcement. This is in accordance with the requirements of Listing Rule 12.4.6.
Redde Northgate is the leading integrated mobility solutions platform providing services across the vehicle lifecycle. The Company offers integrated mobility solutions to businesses, fleet operators, insurers, OEMs, and other customers across seven key areas. These include 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, whether through meeting their regular mobility needs or by servicing and supporting them when unforeseen events occur. 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, please visit the Company's website: www.reddenorthgate.com