Redde Plc SAYE share exercises and transfer of Treasury shares
07 December 2017 - 11:16PM
UK Regulatory
TIDMREDD
* News Release *
Issue Date: 07 December 2017
Redde plc
("Company")
SAYE share exercises and transfer of shares held in Treasury
The Company announces that it has transferred a total of 7,453 ordinary shares
of 0.1 pence each ("Ordinary Shares") fully paid in the Company from its
treasury account, in order to satisfy options exercised by staff under the
Company's All-Employee 2014 Save As You Earn share option scheme for an
exercise price of 48.3 pence per share.
Following the exercise of share options the Company no longer holds any
Ordinary Shares in treasury.
The Company's issued ordinary share capital consists of 303,982,031 Ordinary
Shares and this figure 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
Stephen Oakley - Chief Financial Officer
Cenkos Securities plc (Nominated Adviser and Joint Tel: 0207 397 8900
Broker)
Elizabeth Bowman
N+1 Singer Capital Markets Limited (Joint Broker) Tel: 0207 496 3000
Mark Taylor
Square1 Consulting Tel: 0207 929 5599
David Bick
Notes for Editors:
About Redde plc:
Founded in 1992 and working predominantly with insurance companies, insurance
brokers, prestige motor dealerships, and large national fleet owners the Group
provides a range of accident management, incident management and legal
services.
The Group is one of the market leaders in its fields of business; it delivers
accident management solutions to motorists ensuring that they remain mobile
until their own vehicles are repaired or until they are put in a position to
obtain a replacement and it provides legal services ensuring that they are
properly compensated for their injuries and losses. Legal services also include
wills and probate, family law and employment law advice.
The name Redde is associated, in Latin, with the concept of
restoration.
END
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