Redde Northgate PLC has announced the purchase of 50,000 of its own ordinary shares at a weighted average purchase price of 378.75 pence per share. Following this transaction, the company's issued share capital consists of 246,091,423 ordinary shares, with 20,331,862 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 225,759,561 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 is 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.
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. These areas 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 aims to offer a market-leading customer proposition and drive enhanced returns for shareholders through sustainable compounding growth. The group 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 further information, please visit the company's website at www.reddenorthgate.com.