ZIGUP PLC, formerly known as Redde Northgate plc, has disclosed the purchase of its own shares to be held in treasury. The company bought 50,000 ordinary shares of 50p each at a weighted average purchase price of 416.25 pence per share. Following this transaction, the company's issued share capital consists of 246,091,423 ordinary shares, with 20,239,362 ordinary shares held in treasury. Additionally, there are 1,000,000 preference shares of 50p each, which do not carry any voting rights, resulting in a total of 225,852,061 voting rights in the company.
The detailed information about the purchases made by Numis Securities Limited on behalf of the company as part of the buyback program has been provided in accordance with the requirements of Listing Rule 12.4.6. The schedule of purchases includes the number of shares purchased, transaction prices, time of transaction, reference numbers, and venues.
ZIGUP PLC is described as the leading integrated mobility solutions provider, offering services across the vehicle lifecycle to businesses, fleet operators, insurers, OEMs, and other customers. The company's core purpose is to keep its customers mobile, smarter, by meeting their regular mobility needs and servicing and supporting them during unforeseen events. ZIGUP supports its customers through a network and diversified fleet of approximately 130,000 owned and leased vehicles, over 175 branches across the UK, Ireland, and Spain, and a specialist team of over 7,500 employees.
The company's mission is to offer an imaginative, market-leading customer proposition and drive enhanced returns for shareholders by creating value through sustainable compounding growth. ZIGUP seeks to achieve this through the delivery of its new strategic framework of Enable, Deliver, and Grow. Further information about ZIGUP PLC can be found on the company's website.