16th Nov 2017 11:59
REDDE PLC - SAYE exercises and transfers of shares held in treasuryREDDE PLC - SAYE exercises and transfers of shares held in treasury
PR Newswire
London, November 16
• News Release •
Issue Date: 16 November 2017
Redde plc
(“Company”)
SAYE share exercises and transfer of shares held in Treasury
The Company announces that it has transferred a total of 7,453 ordinary shares of 0.1 pence each (“Ordinary Shares”) fully paid in the Company from its treasury account, in order to satisfy options exercised by staff under the Company's All-Employee 2014 Save As You Earn share option scheme for an exercise price of 48.3 pence per share.
Following the exercise of share options, the Company’s issued ordinary share capital consists of 303,982,031 Ordinary Shares, of which a total of 7,453 Ordinary Shares are held in treasury, so that the total number of Ordinary Shares with voting rights in the Company is 303,974,578.
The above figure of 303,974,578 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
| Enquiries | |||
| Redde plc | Tel: 01225 321134 | ||
| Martin Ward – Chief Executive Officer | |||
| Stephen Oakley – Chief Financial Officer | |||
| Cenkos Securities plc (Nominated Adviser and Joint Broker) | Tel: 0207 397 8900 | ||
| Elizabeth Bowman | |||
| N+1 Singer Capital Markets Limited (Joint Broker) | Tel: 0207 496 3000 | ||
| Mark Taylor | |||
| Square1 Consulting | Tel: 0207 929 5599 | ||
| David Bick | |||
Notes for Editors:
About Redde plc:
Founded in 1992 and working predominantly with insurance companies, insurance brokers, prestige motor dealerships, and large national fleet owners the Group provides a range of accident management, incident management and legal services.
The Group is one of the market leaders in its fields of business; it delivers accident management solutions to motorists ensuring that they remain mobile until their own vehicles are repaired or until they are put in a position to obtain a replacement and it provides legal services ensuring that they are properly compensated for their injuries and losses. Legal services also include wills and probate, family law and employment law advice.
The name Redde is associated, in Latin, with the concept of restoration.
Related Shares:
REDD.L