26 April 2024
REDDE NORTHGATE PLC
("Redde Northgate"
or the "Group" or the "Company")
Notice of General Meeting for
company name change to ZIGUP plc
Redde Northgate is calling a general
meeting (the "General Meeting") for Wednesday 15 May 2024 in
order to approve a proposed company name change to ZIGUP
plc.
Background to proposed name change
Redde Northgate's corporate strategy
has been focused on delivering differentiated mobility solutions
across the vehicle lifecycle, through an integrated platform. Since
2020 we have achieved material cost savings and operational
efficiencies, new large contract wins and embracing new
opportunities including through six acquisitions that have
delivered meaningful value and enhanced capabilities.
We operate
in-markets which are undergoing
significant structural change, including
customers shifting to greater outsourcing, major
technology advancements in both vehicles and customer engagement,
and a growing focus on sustainability and low carbon energy
transition. We help our customers 'move smarter' and increasingly
present more of our products and services as packaged services,
moving the thinking away from simple verticals such as van hire and
accident management.
Our new brand and company name,
ZIGUP are allied to a refreshed strategic
framework under the new pillars of Enable, Deliver and Grow, and a
recent UK&I-focused management reorganisation,
as we embrace the changing environment in which we and our
customers operate. Together these reflect
the strength and breadth of our current proposition as an enlarged
group of businesses, our continued focus on growth, and commitment
to being a leading provider of responsible and integrated mobility
solutions and automotive services. There
will be no change to our well-recognised
operational brands, which have meaningful market profiles in their
specialist areas.
The Board believes that a more
modern brand and name reflecting these changes will also help shift
the narrative with all our stakeholders towards the strategic
direction of travel we set out. This is aligned to our updated purpose, 'to keep customers moving,
smarter'.
If approved, the roll-out of the new
brand will commence on 20 May 2024 with legal registration of the
name change by the UK Companies Registry expected to occur no later
than 25 May 2024. Further information on the
new strategic pillars, company name and brand are available on our
website: www.reddenorthgate.com.
General Meeting
Redde Northgate's general meeting
(the "General Meeting") will take place at 09.00 a.m. on
Wednesday 15 May 2024 at the offices of Bryan Cave
Leighton Paisner LLP, Governor's House, 5 Laurence Pountney
Hill, London, EC4R 0BR.
The Company's Notice of
General Meeting, including details of how shareholders can appoint
a proxy, is being sent to shareholders today and, in accordance
with paragraph 9.6.1 of the FCA Listing Rules, has been submitted
to the National Storage Mechanism where it will shortly be
available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
A copy of the Company's Notice of
General Meeting can be accessed from the investor relations section
of the Company´s website at: https://www.reddenorthgate.com/investors/shareholder-information/agm-information
(Notice of General Meeting).
This announcement is made in
accordance with DTR 6.3.5R(1A).
For
further information contact:
Ross Hawley, Head of Investor
Relations
Telephone: 0204 566 7090
Redde Northgate plc
LEI: 213800B3ZUTDOZYVJB41