Redde Northgate PLC has announced the purchase of 75,000 of its own ordinary shares to be held in treasury. The weighted average purchase price paid was 381.14 pence per share, with the highest purchase price at 381.5 pence per share and the lowest at 380.42 pence per share. Following this transaction, the Company's issued share capital consists of 246,091,423 ordinary shares of 50p each, with 20,065,071 ordinary shares held in treasury and 1,000,000 preference shares of 50p each which do not carry any voting rights. The total number of voting rights in the Company is 226,026,352.
The detailed information about the purchases made by Numis Securities Limited on behalf of the Company as part of the Company's buyback program is provided in the schedule of purchases. This announcement is made 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. With its considerable scale and reach, Redde Northgate's mission is to offer a market-leading customer proposition and drive enhanced returns for shareholders by creating value through sustainable compounding growth. The Group aims to achieve this through the delivery of its strategic framework of Focus, Drive, and Broaden.
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