10 December
2021
REDDE NORTHGATE
PLC
(“Redde Northgate” or the
“Company”)
Purchase of
shares
The Company was today notified that on 9 December and
10 December 2021 Zedra Trust Company
(Guernsey) Limited acting as Trustee of the Northgate Employee
Benefit Trust (“EBT”), completed the purchase of 1,211,891 ordinary
shares at a blended price of 427.68
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 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 regarding Redde Northgate plc can be found
on the Company’s website:
www.reddenorthgate.com