5 February
2021
REDDE NORTHGATE
PLC
(“Redde Northgate” or the
“Company”)
Purchase of
shares
The Company was today notified that on 5
February 2021 Zedra Trust Company (Guernsey) Limited acting
as Trustee of the Northgate Employee Benefit Trust (“EBT”),
completed the purchase of 574,210 ordinary shares at an average
price of 274.62 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