Redde Northgate Plc Purchase of Shares

 
TIDMREDD 
 
03 December 2021 
 
                              REDDE NORTHGATE PLC 
 
                     ("Redde Northgate" or the "Company") 
 
                              Purchase of shares 
 
The Company was today notified that on 03 December 2021 Zedra Trust Company 
(Guernsey) Limited acting as Trustee of the Northgate Employee Benefit Trust 
("EBT"), completed the purchase of 530,550 ordinary shares at an average price 
of 421.7534 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 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 120,000 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

December 03, 2021 12:48 ET (17:48 GMT)