Picture of Redde Northgate logo

REDD Redde Northgate News Story

0.000.00%
gb flag iconLast trade - 00:00
IndustrialsBalancedMid CapSuper Stock

REG-Redde Northgate Plc: Completion of Share Buyback Programme

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH
JURISDICTION

23 December 2022

REDDE NORTHGATE PLC

(“Redde Northgate” or the “Group” or the “Company”)

Completion of Share Buyback Programme

Redde Northgate plc (LSE:REDD) announces that it has completed its £60
million share buyback programme (the “Programme”), details of which were
announced on 15 March 2022 and updated on 10 August 2022.

Pursuant to the Programme, Redde Northgate has purchased and holds in treasury
16,877,571 ordinary shares of 50p each, representing 7% of Redde Northgate’s
issued ordinary share capital.

Following completion of the Programme:
* the Company’s issued share capital consists of 246,091,423 ordinary shares
of 50p each, of which 16,877,571 ordinary shares are held in treasury, and
1,000,000 preference shares of 50p each which do not carry any rights to vote;
and
* the total number of voting rights in the Company is 229,213,852.
For further information contact:

Buchanan                                                                                  

David Rydell/Jamie Hooper/Hannah
Ratcliff                      
              +44 (0) 207 466 5000

Notes to Editors:

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: 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. With its considerable scale and reach, Redde
Northgate’s mission is to offer a market-leading customer proposition and
drive enhanced returns for shareholders by creating value through sustainable
compounding growth.  The Group aims to achieve this through the delivery of
its strategic framework of Focus, Drive and Broaden.

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.

Further information please visit the Company's website:

www.reddenorthgate.com



Copyright (c) 2022 PR Newswire Association,LLC. All Rights Reserved

Recent news on Redde Northgate

See all news