Redde Northgate Plc Purchase of Shares

 
TIDMREDD 
 
26 February 2021 
 
                              REDDE NORTHGATE PLC 
 
                     ("Redde Northgate" or the "Company") 
 
                              Purchase of shares 
 
The Company was today notified that on 26 February 2021 Zedra Trust Company 
(Guernsey) Limited acting as Trustee of the Northgate Employee Benefit Trust 
("EBT"), completed the purchase of 500,000 ordinary shares at an average price 
of 258.52 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: [phone] 
 
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 
 
 

(END) Dow Jones Newswires

February 26, 2021 13:07 ET (18:07 GMT)