Redde Plc Transaction in Own Shares
21 July 2017 - 12:13AM
UK Regulatory
TIDMREDD
REDDE PLC ("Company")
20th July 2017
Purchase of Own Shares
The Company today purchased 1,280,672 of its ordinary shares of 0.1 pence each
("Ordinary Shares") at a price of GBP1.53 per Ordinary Share which they hold,
from today, as treasury shares in accordance with paragraphs (a) and (b) of
subsection 724(5) of the Companies Act 2006 (??Treasury Shares").
It is intended that these Treasury Shares will be used to satisfy options
awarded in 2014 under the Company's share save scheme and which become
exercisable from 1st August 2017 over a total of 1,280,672 of Ordinary Shares.
At 20th July 2017 the Company's capital consisted of 303,982,031 Ordinary
Shares in issue; excluding the 1,280,672 Treasury Shares the Company has
302,701,359 Ordinary Shares with voting rights in issue which number may be
used by shareholders in the Company 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 share capital of the Company under the
Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Enquiries
Redde plc Tel: 01225 321134
Martin Ward - Chief Executive Officer
Steve Oakley - Chief Financial Officer
Cenkos Securities plc (Nominated Adviser and Joint Tel: 0207 397 8900
Broker)
Liz Bowman
N+1 Singer Capital Markets Limited (Joint Broker) Tel: 0207 496 3000
Nick Taylor
Square1 Consulting Tel: 0207 929 5599
David Bick
Brian Alexander
Notes for Editors:
About Redde plc:
Founded in 1992 and working predominantly with insurance companies, insurance
brokers and prestige motor dealerships, the Redde Group of companies ("Group")
provides a range of accident management and legal services. The Group also
deals directly with large national fleets providing incident management and
mobility continuity and its activities also encompass a range of legal services
designed to assist claimant parties in partnership with leading insurance
companies, brokers and other bodies.
The Group is one of the market leaders in its fields of business; it delivers
accident management solutions to motorists ensuring that they remained mobile
until their own vehicles are repaired or until they are put in a position to
obtain a replacement and it provides legal services to ensure they are properly
compensated for their injuries and losses where appropriate.
The name Redde is associated, in Latin, with the concept of restoration.
END
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