Business
Notice of GM for company name change to ZIGUP plc
Notice of GM for company name change to ZIGUP plc.
About this update from Zigup Plc
[{"type":"text","content":"\n\n26 April 2024\nREDDE NORTHGATE PLC\n (\"Redde Northgate\" or the \"Group\" or the \"Company\")\nNotice of General Meeting for company name change to ZIGUP plc\nRedde 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. \nBackground to proposed name change\nRedde 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.\n \nWe 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.\n \nOur 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.\n \nThe 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'. \n \nIf approved, the roll-out of the new brand ...