Redde Northgate Plc (GB:REDD) has released an update.
Redde Northgate Plc has announced the buyback of 50,000 of its ordinary shares at prices ranging from 392 to 392.5 pence per share to be held in treasury, which will affect the total number of voting rights available to shareholders. This move is part of the company’s strategy to drive enhanced shareholder returns and is consistent with its commitment to delivering sustainable compounding growth. The company continues to serve its customers with over 120,000 owned and leased vehicles through its extensive network, aiming to maintain its position as a leading integrated mobility solutions platform.
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