Redde Northgate Plc AGM Statement
20 Setembro 2021 - 3:00AM
UK Regulatory
TIDMREDD
20 September 2021
REDDE NORTHGATE PLC
(the "Group")
AGM Statement
Continued strong momentum across the Group
Redde Northgate plc (LSE:REDD), the leading integrated mobility solutions
platform providing services across the vehicle lifecycle, will hold its Annual
General Meeting at 10.30am today at the offices of Bryan Cave Leighton Paisner
LLP, Governor's House, 5 Laurence Pountney Hill, London, EC4R 0BR.
At the meeting the following statement will be made:
Current Trading
Following the good momentum in the first two months of FY2022 announced on 7
July at our Preliminary Results, the business has continued to perform strongly
across all segments to date.
Since our last update on 7 July, the business has signed a number of new,
sizeable, multi-year contracts for services from our mobility platform which
will go live in mid calendar year 2022. These new contracts draw on products
and services from across the Group and underline the value of our unique and
unrivalled growing mobility solutions platform which we believe can be scaled
significantly.
This early, strong performance and the continued prospects for the Group are
very encouraging and the Board is confident in its strategy to generate further
value for all its stakeholders.
Dividend
Shareholders are being asked today to approve a final dividend of 12.0 pence
per share, which will be paid on 24 September 2021, to those shareholders on
the register at close of business on 3 September 2021. This dividend, if
approved, will result in a total ordinary dividend payable in respect of the
year ended 30 April 2021 of 15.4 pence per share.
Interim results
The Group's next scheduled trading update will be its interim results for the
six months ended 31 October 2021 in early December 2021.
For further information contact:
Buchanan
David Rydell/Jamie Hooper/Tilly Abraham +44 (0) 207 466
5000
Notes to Editors:
Redde Northgate is the leading integrated mobility solutions platform providing
services across the vehicle lifecycle. The Company offers integrated mobility
solutions to businesses, fleet operators, insurers, OEMs and other customers
across seven key areas: vehicle rental, vehicle data, accident management,
vehicle repairs, fleet management, service and maintenance, vehicle ancillary
services and vehicle sales.
The Company's core purpose is to keep its customers mobile, whether through
meeting their regular mobility needs or by servicing and supporting them when
unforeseen events occur. With its considerable scale and reach, Redde
Northgate's mission is to offer a market-leading customer proposition and drive
enhanced returns for shareholders by creating value through sustainable
compounding growth. The Group aims to achieve this through the delivery of its
strategic framework of Focus, Drive and Broaden.
Redde Northgate services its customers through a network and diversified fleet
of over 110,000 owned and leased vehicles, supporting over 600,000 managed
vehicles, with more than 170 workshop, body shop and rental locations across
the UK, Ireland and Spain and a specialist team of over 6,000 automotive
services professionals.
Further information regarding Redde Northgate plc can be found on the Company's
website:
www.reddenorthgate.com
END
(END) Dow Jones Newswires
September 20, 2021 02:00 ET (06:00 GMT)
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