On August 31, 2023, Redde Northgate PLC announced that it had purchased 200,000 of its own ordinary shares to be held in treasury. The weighted average purchase price paid was 322.875 pence per share, with the highest purchase price at 323.5 pence per share and the lowest at 322.25 pence per share. Following this transaction, the company's issued share capital consists of 246,091,423 ordinary shares, of which 17,477,571 are held in treasury. The total number of voting rights in the company is 228,613,852.
The purchases were made by Numis Securities Limited on behalf of Redde Northgate as part of the company's buyback program. The detailed information about the purchases is provided in the schedule of individual transactions, including the number of shares purchased, transaction price, time of transaction, reference number, and venue.
Redde Northgate is the leading integrated mobility solutions platform that offers services across the vehicle lifecycle. The company provides integrated mobility solutions to businesses, fleet operators, insurers, OEMs, and other customers in areas such as 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 and aims to offer a market-leading customer proposition and drive enhanced returns for shareholders through sustainable compounding growth. 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 locations across the UK, Ireland, and Spain and a team of over 6,000 automotive services professionals.