20 September
2021
REDDE NORTHGATE
PLC
(the “Group”)
AGM Statement
Continued strong
momentum across the Group
Redde Northgate plc (LSE:REDD), the leading integrated mobility
solutions platform providing services across the vehicle lifecycle,
will hold its Annual General Meeting at 10.30am today at the offices of Bryan Cave
Leighton Paisner LLP, Governor’s House, 5 Laurence Pountney Hill,
London, EC4R 0BR.
At the meeting the following statement will be made:
Current Trading
Following the good momentum in the first two months of FY2022
announced on 7 July at our Preliminary Results, the business has
continued to perform strongly across all segments to date.
Since our last update on 7 July, the business has signed a
number of new, sizeable, multi-year contracts for services from our
mobility platform which will go live in mid calendar year 2022.
These new contracts draw on products and services from across the
Group and underline the value of our unique and unrivalled growing
mobility solutions platform which we believe can be scaled
significantly.
This early, strong performance and the continued prospects for
the Group are very encouraging and the Board is confident in its
strategy to generate further value for all its stakeholders.
Dividend
Shareholders are being asked today to approve a final dividend
of 12.0 pence per share, which will
be paid on 24 September 2021, to
those shareholders on the register at close of business on
3 September 2021. This dividend, if
approved, will result in a total ordinary dividend payable in
respect of the year ended 30 April
2021 of 15.4 pence per
share.
Interim results
The Group’s next scheduled trading update will be its interim
results for the six months ended 31 October
2021 in early December
2021.
For further information contact:
Buchanan
David Rydell/Jamie Hooper/Tilly
Abraham
+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 110,000 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 regarding Redde Northgate plc can be found
on the Company’s website:
www.reddenorthgate.com