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 £1.53 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 |
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Redde plc
Martin Ward – Chief Executive Officer
Steve Oakley – Chief Financial Officer |
Tel: 01225 321134 |
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Cenkos Securities
plc (Nominated Adviser and Joint Broker)
Liz Bowman |
Tel: 0207 397 8900 |
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N+1 Singer Capital
Markets Limited (Joint Broker)
Nick Taylor |
Tel: 0207 496
3000 |
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Square1
Consulting
David Bick
Brian Alexander |
Tel: 0207 929
5599 |
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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.