Redde Plc Treasury Stock and Option Exercises

 
TIDMREDD 
 
* News Release * 
 
Issue Date: 01 August 2017 
 
                                   Redde plc 
 
                                  "Company") 
 
         SAYE share excercises and transfer of shares held in Treasury 
 
The Company announces that on 1 August 2017, options over a total of 639,849 
ordinary shares of 0.1 pence each fully paid in the Company have been exercised 
at a price of 48.3 pence per ordinary share by staff, including certain 
directors, under the Company's All-Employee 2014 Save As Your Earn share option 
scheme (SAYE). 
 
The ordinary shares were issued by the Company by way of a transfer from shares 
already held  in treasury, with no change to the issued ordinary share capital 
of the Company. 
 
As at 1 August 2017 the Company's issued share capital consists of 303,982,031 
ordinary shares of which, following the above transfer of shares out of 
treasury, 640,823 continue to be held as treasury shares to satisfy options 
granted in 2014 under the SAYE so that the Company has 303,341,208 Ordinary 
Shares with voting rights.The figure of 303,341,208 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 
 
           Brian Alexander 
 
 
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

August 01, 2017 08:31 ET (12:31 GMT)