ZIGUP plc Transfers Treasury Shares to Employee Benefit Trust

Redde Northgate ( (GB:ZIG) ) has provided an announcement.

ZIGUP plc announced the transfer of 3,000,000 ordinary shares from treasury to its Employee Benefit Trust Deed to meet obligations from employee share plans. This transaction adjusts the company’s share structure, impacting shareholder calculations under the FCA’s rules, and aligns with ZIGUP’s strategic framework to enhance shareholder returns through sustainable growth.

The most recent analyst rating on (GB:ZIG) stock is a Buy with a £5.00 price target. To see the full list of analyst forecasts on Redde Northgate stock, see the GB:ZIG Stock Forecast page.

Spark’s Take on GB:ZIG Stock

According to Spark, TipRanks’ AI Analyst, GB:ZIG is a Outperform.

The overall score is driven by a strong valuation and positive corporate events that enhance financial flexibility and market confidence. Despite financial performance challenges with increasing debt and negative free cash flow, the stock’s bullish technical indicators and attractive dividend yield make it appealing to investors.

To see Spark’s full report on GB:ZIG stock, click here.

More about Redde Northgate

ZIGUP is a leading integrated mobility solutions provider, offering services across the vehicle lifecycle to businesses, fleet operators, insurers, OEMs, and other customers. The company focuses on vehicle rental, fleet management, accident management, vehicle repairs, and maintenance. ZIGUP is committed to promoting opportunity and supporting social mobility, recognized with the King’s Award for Enterprise 2025.

Average Trading Volume: 479,479

Technical Sentiment Signal: Strong Buy

Current Market Cap: £781.3M

For an in-depth examination of ZIG stock, go to TipRanks’ Stock Analysis page.