Redde Northgate PLC has announced the purchase of 400,000 of its own ordinary shares to be held in treasury. The weighted average purchase price paid was 340.007 pence per share, with the highest purchase price at 341 pence per share and the lowest at 339 pence per share. Following this transaction, the Company's issued share capital consists of 246,091,423 ordinary shares, with 19,165,071 ordinary shares held in treasury and 1,000,000 preference shares. The total number of voting rights in the Company is 226,926,352.
The purchases were made by Numis Securities Limited on behalf of the Company as part of the Company's buyback program. The detailed schedule of individual transactions includes the number of shares purchased, transaction prices, and time of transactions.
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. With a considerable scale and reach, the Company aims to offer a market-leading customer proposition 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, please visit the Company's website.