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REDDE PLC - SAYE exercises and transfer of shares held in Treasury

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By PR Newswire

PR Newswire

• News Release •

Issue Date: 5 October 2017

Redde plc

(“Company”)

SAYE share exercises and transfer of shares held in Treasury

The Company announces that on 5 October 2017, options over a total of 7,453 Ordinary shares of 0.1 pence each fully paid in the Company at 48.3 pence per share have been exercised by staff under the Company's All-Employee 2014 Save As You Earn share option scheme.

The shares were issued by the Company by way of a transfer from shares already held as treasury shares and no new shares were created.

As at 5 October 2017 the Company’s capital consisted of 303,982,031 Ordinary Shares in issue of which, following the above transfer of shares out of treasury, 29,067 remain held as treasury shares so that the Company has 303,952,964 Ordinary Shares with voting rights in issue which number 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
Brian Alexander

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.                

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