Redde Northgate PLC has announced the purchase of 125,000 of its own ordinary shares to be held in treasury. The weighted average purchase price paid was 390.25 pence per share, with the highest purchase price at 391.25 pence per share and the lowest at 390 pence per share. Following this transaction, the Company's issued share capital consists of 246,091,423 ordinary shares, of which 19,139,362 are held in treasury. The total number of voting rights in the Company is 226,952,061.
The purchases were made by Numis Securities Limited on behalf of the Company as part of the Company's buyback program. The detailed schedule of individual transactions, including the number of shares purchased, transaction prices, time of transaction, reference numbers, and venues, has been provided 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. These include 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, meeting their regular mobility needs, and 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. The Company aims to achieve its mission through the delivery of its strategic framework of Focus, Drive, and Broaden, offering a market-leading customer proposition and driving enhanced returns for shareholders by creating value through sustainable compounding growth.
For further information, contact Buchanan at +44 (0) 207 466 5000 or visit the Company's website at www.reddenorthgate.com.