Redde Plc Transaction in Own Shares

 
TIDMREDD 
 
REDDE PLC ("Company") 
 
20th July 2017 
 
Purchase of Own Shares 
 
The Company today purchased 1,280,672 of its ordinary shares of 0.1 pence each 
("Ordinary Shares") at a price of GBP1.53 per Ordinary Share which they hold, 
from today, as treasury shares in accordance with paragraphs (a) and (b) of 
subsection 724(5) of the Companies Act 2006 (??Treasury Shares"). 
 
It is intended that these Treasury Shares will be used to satisfy options 
awarded in 2014 under the Company's share save scheme and which become 
exercisable from 1st August 2017 over a total of 1,280,672 of Ordinary Shares. 
 
At 20th July 2017 the Company's capital consisted of 303,982,031 Ordinary 
Shares in issue; excluding the 1,280,672 Treasury Shares the Company has 
302,701,359 Ordinary Shares with voting rights in issue which number 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 
           Steve Oakley - Chief Financial Officer 
 
           Cenkos Securities plc (Nominated Adviser and Joint  Tel: [phone] 
           Broker) 
           Liz Bowman 
 
           N+1 Singer Capital Markets Limited (Joint Broker)   Tel: [phone] 
           Nick Taylor 
 
           Square1 Consulting                                  Tel: [phone] 
           David Bick 
           Brian Alexander 
 
 
Notes for Editors: 
 
About Redde plc: 
 
Founded in 1992 and working predominantly with insurance companies, insurance 
brokers and prestige motor dealerships, the Redde Group of companies ("Group") 
provides a range of accident management and legal services. The Group also 
deals directly with large national fleets providing incident management and 
mobility continuity and its activities also encompass a range of legal services 
designed to assist claimant parties in partnership with leading insurance 
companies, brokers and other bodies. 
 
The Group is one of the market leaders in its fields of business; it delivers 
accident management solutions to motorists ensuring that they remained mobile 
until their own vehicles are repaired or until they are put in a position to 
obtain a replacement and it provides legal services to ensure they are properly 
compensated for their injuries and losses where appropriate. 
 
The name Redde is associated, in Latin, with the concept of restoration. 
 
 
 
END 
 

(END) Dow Jones Newswires

July 20, 2017 10:13 ET (14:13 GMT)