Redde Northgate PLC has announced the purchase of 50,000 of its own ordinary shares at a weighted average purchase price of 346 pence per share. Following this transaction, the company's issued share capital consists of 246,091,423 ordinary shares, with 18,115,071 ordinary shares held in treasury. The total number of voting rights in the company is 227,976,352. This information is crucial for shareholders to determine if they are required to notify any changes in their interest in the company.
The purchase was made in accordance with the Market Abuse Regulation, and detailed information about the transactions made by Numis Securities Limited on behalf of the company is provided. The announcement is in compliance with the requirements of Listing Rule 12.4.6.
Redde Northgate is a leading integrated mobility solutions platform providing services across the vehicle lifecycle. The company's core purpose is to keep its customers mobile, offering integrated mobility solutions to businesses, fleet operators, insurers, OEMs, and other customers across various key areas. With a network and diversified fleet of over 120,000 owned and leased vehicles, the company supports over 600,000 managed vehicles and operates in the UK, Ireland, and Spain.
The company's strategic framework of Focus, Drive, and Broaden aims to offer a market-leading customer proposition and drive enhanced returns for shareholders through sustainable compounding growth. Redde Northgate's mission is to create value through its considerable scale and reach, with a specialist team of over 6,000 automotive services professionals. For further information, individuals can visit the company's website at www.reddenorthgate.com.