Redde Northgate Plc Purchase of Shares
March 05 2021 - 12:54PM
UK Regulatory
TIDMREDD
05 March 2021
REDDE NORTHGATE PLC
("Redde Northgate" or the "Company")
Purchase of shares
The Company was today notified that on 05 March 2021 Zedra Trust Company
(Guernsey) Limited acting as Trustee of the Northgate Employee Benefit Trust
("EBT"), completed the purchase of 282,383 ordinary shares at an average price
of 271.99 pence each. These shares are to be held in the EBT and are intended
to be used to satisfy share awards made under the Company's existing or future
share plans. The EBT is a discretionary trust for the benefit of employees
including the executive directors of the Company.
-Ends-
For further information, please contact:
Buchanan
David Rydell / Jamie Hooper / Tilly Abraham: +44 (0) 207 466 5000
Notes to Editors:
Redde Northgate plc is a leading integrated mobility solutions platform formed
in February 2020 following the all-share merger of light commercial hire
business Northgate plc and Redde plc, the provider of incident and accident
management, legal and other mobility-related services.
The Group provides mobility solutions and automotive services to a wide range
of businesses and customers spanning the vehicle life cycle across vehicle
supply, service, maintenance, repair, recovery, accident and incident
management and disposal through sale or salvage.
With an extensive network and diversified fleet of over 110,000 owned vehicles
and over 500,000 managed vehicles in more than 170 branches across the UK,
Ireland and Spain, the Group aims to utilise its scale, reach and comprehensive
suite of integrated services to offer a market-leading customer proposition and
drive enhanced returns for shareholders.
Further information regarding Redde Northgate plc can be found on the Company's
website: www.reddenorthgate.co.uk
END
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