London, March 13
13 March 2020
REDDE NORTHGATE PLC
Today Redde Northgate has received notification that Non-Executive Chairman, Avril Palmer-Baunack has purchased 41,263 ordinary shares of 50 pence each at blended average price of 181.75 pence per share. Avril has 90,676 shares equating to 0.04% of the issued share capital of Redde Northgate plc.
|1||Details of the person discharging managerial responsibilities / person closely associated|
|2||Reason for the notification|
|b)||Initial notification/Amendment||Initial notification|
|3||Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor|
|a)||Name||Redde Northgate plc|
|4||Details of the transaction(s): section to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
|a)||Description of the financial instrument, type of instrument
|Ordinary Shares of 50 pence each in Redde Northgate plc
|b)||Nature of the transaction||Purchase of shares|
|c)||Price(s) and volume(s)||
|e)||Date of the transactions||12 March 2020
13 March 2020
|f)||Place of the transaction||London Stock Exchange
|Redde Northgate plc||Tel: 01225 321218|
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 400,000 managed vehicles in more than 100 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