Redde Northgate Plc Purchase of Shares
February 15 2021 - 2:00AM
UK Regulatory
TIDMREDD
15 February 2021
REDDE NORTHGATE PLC
("Redde Northgate" or the "Company")
Purchase of shares
The Company was notified on 12 February 2021 that on that date Zedra Trust
Company (Guernsey) Limited acting as Trustee of the Northgate Employee Benefit
Trust ("EBT"), completed the purchase of 303,195 ordinary shares at an average
price of 272.62 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
END
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