ZIGUP plc Updates Share Transaction Details and Enhances Employee Benefits

An announcement from Redde Northgate ( (GB:ZIG) ) is now available.

ZIGUP plc announced a correction to its previous statement regarding the transaction in its own shares, adjusting the number of ordinary shares in issue and total voting shares. The company transferred 3 million ordinary shares from treasury to its Employee Benefit Trust Deed to meet obligations from employee share plans. This adjustment impacts the calculation of shareholder interests under the FCA’s Disclosure Guidance and Transparency Rules, reflecting ZIGUP’s ongoing commitment to employee benefits and shareholder transparency.

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 a comprehensive platform that spans the vehicle lifecycle. The company serves businesses, fleet operators, insurers, and OEMs with services ranging from vehicle rental and fleet management to accident management and vehicle repairs. ZIGUP is recognized for its commitment to promoting opportunity and social mobility, and it supports the transition to lower carbon mobility through EVs and charging solutions. With a network of over 130,000 vehicles and 180 branches across the UK, Ireland, and Spain, ZIGUP is a trusted partner to many leading insurance and leasing companies.

Average Trading Volume: 499,381

Technical Sentiment Signal: Strong Buy

Current Market Cap: £788M

See more insights into ZIG stock on TipRanks’ Stock Analysis page.