Redde Northgate Plc Purchase of Shares

 
TIDMREDD 
 
15 February 2021 
 
                              REDDE NORTHGATE PLC 
 
                     ("Redde Northgate" or the "Company") 
 
                              Purchase of shares 
 
The Company was notified on 12 February 2021 that on that date Zedra Trust 
Company (Guernsey) Limited acting as Trustee of the Northgate Employee Benefit 
Trust ("EBT"), completed the purchase of 303,195  ordinary shares at an average 
price of 272.62 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 15, 2021 02:00 ET (07:00 GMT)