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