ZIGUP PLC, formerly known as Redde Northgate plc, has announced the purchase of 50,000 of its own ordinary shares to be held in treasury. The weighted average purchase price paid was 424.25 pence per share, with the highest purchase price at 425 pence per share and the lowest at 423.5 pence per share. Following this transaction, the Company's issued share capital consists of 246,091,423 ordinary shares, of which 20,089,362 are 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 226,002,061 voting rights in the Company.
The announcement is made in accordance with the requirements of Listing Rule 12.4.6. For further information, Buchanan can be contacted at +44 (0) 207 466 5000.
ZIGUP is a leading integrated mobility solutions provider, offering services across the vehicle lifecycle to businesses, fleet operators, insurers, OEMs, and other customers. The company's services range from vehicle rental and fleet management to accident management, vehicle repairs, service, and maintenance. ZIGUP's core purpose is to keep its customers mobile, smarter, by meeting their regular mobility needs and supporting them during unforeseen events. The company aims to offer an imaginative, market-leading customer proposition and drive enhanced returns for shareholders through sustainable compounding growth.
ZIGUP supports its customers through a network and diversified fleet of approximately 130,000 owned and leased vehicles, over 700,000 managed vehicles, and more than 175 branches across the UK, Ireland, and Spain. The company has a specialist team of over 7,500 employees and is a trusted partner to leading insurance and leasing companies, blue-chip corporates, and businesses across various sectors. More information about ZIGUP PLC can be found on the company's website: www.zigup.com.