Redde Northgate PLC has announced the purchase of 50,000 of its own ordinary shares at a weighted average purchase price of 349.5 pence per share. Following this transaction, the company's issued share capital consists of 246,091,423 ordinary shares, with 17,865,071 ordinary shares held in treasury. The total number of voting rights in the company is 228,226,352.
The purchase was made in accordance with the requirements of Listing Rule 12.4.6 and detailed information about the purchases made by Numis Securities Limited on behalf of the company as part of the buyback program has been provided. The announcement also includes contact information for further inquiries.
Redde Northgate is a 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, including 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 more information, visit the company's website at www.reddenorthgate.com.