Redde Northgate Plc Completion of Share Buyback Programme

 
TIDMREDD 
 
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 
 
 
 
END

(END) Dow Jones Newswires

December 23, 2022 02:00 ET (07:00 GMT)

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