Redde Northgate Plc (GB:REDD) has released an update.
Redde Northgate plc has announced the sale of 2 million ordinary shares from its treasury to The Northgate Employee Benefit Trust at £3.55 each to satisfy obligations from employee share plans. After this transaction, the company has over 227 million shares in circulation, excluding those held in treasury, which do not have voting rights. The disclosure aligns with regulatory requirements and maintains transparency with shareholders regarding share capital.
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