Redde Northgate Plc AGM Statement

 
TIDMREDD 
 
20 September 2021 
 
                              REDDE NORTHGATE PLC 
 
                                 (the "Group") 
 
                                 AGM Statement 
 
                  Continued strong momentum across the Group 
 
Redde Northgate plc (LSE:REDD), the leading integrated mobility solutions 
platform providing services across the vehicle lifecycle, will hold its Annual 
General Meeting at 10.30am today at the offices of Bryan Cave Leighton Paisner 
LLP, Governor's House, 5 Laurence Pountney Hill, London, EC4R 0BR. 
 
At the meeting the following statement will be made: 
 
Current Trading 
 
Following the good momentum in the first two months of FY2022 announced on 7 
July at our Preliminary Results, the business has continued to perform strongly 
across all segments to date. 
 
Since our last update on 7 July, the business has signed a number of new, 
sizeable, multi-year contracts for services from our mobility platform which 
will go live in mid calendar year 2022. These new contracts draw on products 
and services from across the Group and underline the value of our unique and 
unrivalled growing mobility solutions platform which we believe can be scaled 
significantly. 
 
This early, strong performance and the continued prospects for the Group are 
very encouraging and the Board is confident in its strategy to generate further 
value for all its stakeholders. 
 
Dividend 
 
Shareholders are being asked today to approve a final dividend of 12.0 pence 
per share, which will be paid on 24 September 2021, to those shareholders on 
the register at close of business on 3 September 2021. This dividend, if 
approved, will result in a total ordinary dividend payable in respect of the 
year ended 30 April 2021 of 15.4 pence per share. 
 
Interim results 
 
The Group's next scheduled trading update will be its interim results for the 
six months ended 31 October 2021 in early December 2021. 
 
For further information contact: 
 
Buchanan 
 
David Rydell/Jamie Hooper/Tilly Abraham                        [phone] 
5000 
 
Notes to Editors: 
 
Redde Northgate is the leading integrated mobility solutions platform providing 
services across the vehicle lifecycle. The Company offers integrated mobility 
solutions to businesses, fleet operators, insurers, OEMs and other customers 
across seven key areas: vehicle rental, vehicle data, accident management, 
vehicle repairs, fleet management, service and maintenance, vehicle ancillary 
services and vehicle sales. 
 
The Company's core purpose is to keep its customers mobile, whether through 
meeting their regular mobility needs or by servicing and supporting them when 
unforeseen events occur. With its considerable scale and reach, Redde 
Northgate's mission is to offer a market-leading customer proposition and drive 
enhanced returns for shareholders by creating value through sustainable 
compounding growth.  The Group aims to achieve this through the delivery of its 
strategic framework of Focus, Drive and Broaden. 
 
Redde Northgate services its customers through a network and diversified fleet 
of over 110,000 owned and leased vehicles, supporting over 600,000 managed 
vehicles, with more than 170 workshop, body shop and rental locations across 
the UK, Ireland and Spain and a specialist team of over 6,000 automotive 
services professionals. 
 
Further information regarding Redde Northgate plc can be found on the Company's 
website: 
 
www.reddenorthgate.com 
 
 
 
END 
 
 

(END) Dow Jones Newswires

September 20, 2021 02:00 ET (06:00 GMT)