Redde Northgate PLC has announced 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 429.00 pence per share. The highest purchase price paid was 430.00 pence per share, and the lowest was 428.00 pence per share. Following this transaction, the Company's issued share capital consists of 246,091,423 ordinary shares of 50p each, with 19,564,362 ordinary shares held in treasury.
The total number of voting rights in the Company is 226,527,061, which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.
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 purchases includes the number of shares purchased, transaction prices, time of transaction, reference numbers, and venue.
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, 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.