Redde Northgate PLC has announced that it has purchased 252,500 of its own ordinary shares at an average price of 322 pence per share. The highest and lowest purchase prices were also 322 pence per share. Following this transaction, the company's issued share capital consists of 246,091,423 ordinary shares, of which 15,715,071 are held in treasury. The total number of voting rights in the company is 230,376,352. The purchases were made by Numis Securities Limited on behalf of the company as part of its buyback program. The detailed information about the purchases can be found in the provided schedule. This announcement is made in accordance with the requirements of Listing Rule 12.4.6. For further information, contact Buchanan at +44 (0) 207 466 5000.
Redde Northgate is an 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 aims to offer a market-leading customer proposition and drive enhanced returns for shareholders. 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. The company has a specialist team of over 6,000 automotive services professionals.