Redde Plc SAYE exercises and transfers of shares held in treasury

 
TIDMREDD 
 
* News Release * 
 
Issue Date: 16 November 2017 
 
                                   Redde plc 
 
                                  ("Company") 
 
         SAYE share exercises and transfer of shares held in Treasury 
 
The Company announces that it has transferred a total of 7,453 ordinary shares 
of 0.1 pence each ("Ordinary Shares") fully paid in the Company from its 
treasury account, in order to satisfy options exercised by staff under the 
Company's All-Employee 2014 Save As You Earn share option scheme for an 
exercise price of 48.3 pence per share. 
 
Following the exercise of share options, the Company's issued ordinary share 
capital consists of 303,982,031 Ordinary Shares, of which a total of 7,453 
Ordinary Shares are held in treasury, so that the total number of Ordinary 
Shares with voting rights in the Company is 303,974,578. 
 
The above figure of 303,974,578 may be used by shareholders in the Company as 
the denominator for the calculations by which they will determine if they are 
required to notify their interest in, or a change to their interest in, the 
share capital of the Company under the Financial Conduct Authority's Disclosure 
Guidance and Transparency Rules. 
 
Enquiries 
 
           Redde plc                                                Tel: [phone] 
 
           Martin Ward - Chief Executive Officer 
 
           Stephen Oakley - Chief Financial Officer 
 
           Cenkos Securities plc (Nominated Adviser and Joint       Tel: [phone] 
           Broker) 
 
           Elizabeth Bowman 
 
           N+1 Singer Capital Markets Limited (Joint Broker)        Tel: [phone] 
 
           Mark Taylor 
 
           Square1 Consulting                                       Tel: [phone] 
 
           David Bick 
 
 
Notes for Editors: 
 
About Redde plc: 
 
Founded in 1992 and working predominantly with insurance companies, insurance 
brokers, prestige motor dealerships, and large national fleet owners the Group 
provides a range of accident management, incident management and legal 
services. 
 
The Group is one of the market leaders in its fields of business; it delivers 
accident management solutions to motorists ensuring that they remain mobile 
until their own vehicles are repaired or until they are put in a position to 
obtain a replacement and it provides legal services ensuring that they are 
properly compensated for their injuries and losses. Legal services also include 
wills and probate, family law and employment law advice. 
 
The name Redde is associated, in Latin, with the concept of 
restoration. 
 
 
 
END 
 

(END) Dow Jones Newswires

November 16, 2017 07:00 ET (12:00 GMT)