Redde Northgate Plc Statement re Press Comment
September 01 2020 - 1:00AM
UK Regulatory
TIDMREDD
1 September 2020
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
REDDE NORTHGATE PLC
("Redde Northgate" or the "Group" or the "Company")
Statement re media speculation
Redde Northgate plc (LSE:REDD), the integrated mobility solutions provider,
notes recent media speculation about its interest in Nationwide Accident Repair
Services.
The Company confirms it is in advanced discussions about a possible transaction
involving Nationwide Accident Repair Services. The Group believes the network
of body shops and customer base would be a good strategic addition to its
business.
There can be no certainty that a transaction will be entered into, nor the
terms of any such transaction. If a transaction does take place, it will be
funded through the Group's own cash resources. A further announcement will be
made when appropriate.
The individual responsible for releasing this announcement is Nick Tilley,
Company Secretary.
For further information contact:
Buchanan
David Rydell/Jamie Hooper/Tilly Abraham +44 (0) 207 466
5000
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
END
(END) Dow Jones Newswires
September 01, 2020 02:00 ET (06:00 GMT)
Redde Northgate (LSE:NTG)
Historical Stock Chart
From Apr 2024 to May 2024
Redde Northgate (LSE:NTG)
Historical Stock Chart
From May 2023 to May 2024