Redde Northgate Plc Statement re Press Comment

 
TIDMREDD 
 
1 September 2020 
 
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION 
 
REDDE NORTHGATE PLC 
 
("Redde Northgate" or the "Group" or the "Company") 
 
Statement re media speculation 
 
Redde Northgate plc (LSE:REDD), the integrated mobility solutions provider, 
notes recent media speculation about its interest in Nationwide Accident Repair 
Services. 
 
The Company confirms it is in advanced discussions about a possible transaction 
involving Nationwide Accident Repair Services.  The Group believes the network 
of body shops and customer base would be a good strategic addition to its 
business. 
 
There can be no certainty that a transaction will be entered into, nor the 
terms of any such transaction. If a transaction does take place, it will be 
funded through the Group's own cash resources.  A further announcement will be 
made when appropriate. 
 
The individual responsible for releasing this announcement is Nick Tilley, 
Company Secretary. 
 
For further information contact: 
 
Buchanan 
 
David Rydell/Jamie Hooper/Tilly Abraham                        [phone] 
5000 
 
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 400,000 managed vehicles in more than 100 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

September 01, 2020 02:00 ET (06:00 GMT)