Redde Northgate Plc - Transaction in Own Shares

PR Newswire

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

5 August 2022

REDDE NORTHGATE PLC

(“Redde Northgate” or the “Group” or the “Company”)

Transaction in Own Shares

Redde Northgate plc (LSE:REDD) announces that on 4 August 2022 it purchased the following number of its own shares to be held in treasury:

Class of shares :  Ordinary shares of 50p (“shares”)
Number of shares purchased :  78,121
Weighted average purchase price paid :  369.8181 pence per share
Highest purchase price paid :  371.5 pence per share
Lowest purchase price paid :  367 pence per share

Following the above transaction, the Company’s issued share capital consists of 246,091,423 ordinary shares of 50p each, of which 7,284,310 ordinary shares are held in treasury, and 1,000,000 preference shares of 50p each which do not carry any rights to vote. Therefore the total number of voting rights in the Company is 238,807,113, which may be used by shareholders 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 Company under the FCA´s Disclosure Guidance and Transparency Rules.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018, the schedule below contains detailed information about the purchases made by Numis Securities Limited on behalf of the Company as part of the Company’s buyback programme.

Schedule of Purchases – Individual Transactions (all of 4 August 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
1746 371.00  08:21:06 00060385540TRLO0 LSE
1892 371.00  08:21:06 00060385539TRLO0 LSE
225 371.00  08:21:06 00060385541TRLO0 LSE
1410 370.50  08:21:59 00060385600TRLO0 LSE
549 370.50  08:22:00 00060385604TRLO0 LSE
113 370.50  08:25:00 00060385659TRLO0 LSE
29 370.50  08:28:34 00060385762TRLO0 LSE
1205 370.50  08:28:34 00060385761TRLO0 LSE
743 370.50  08:28:34 00060385760TRLO0 LSE
237 370.50  08:34:34 00060385971TRLO0 LSE
1724 370.50  08:34:34 00060385970TRLO0 LSE
15 370.00  08:36:45 00060386028TRLO0 LSE
1198 370.00  08:36:45 00060386030TRLO0 LSE
793 370.00  08:36:45 00060386029TRLO0 LSE
1933 369.50  08:40:21 00060386114TRLO0 LSE
1196 368.50  08:54:47 00060386683TRLO0 LSE
321 368.50  08:54:47 00060386682TRLO0 LSE
673 368.50  08:54:47 00060386681TRLO0 LSE
185 368.00  09:22:52 00060388018TRLO0 LSE
462 368.00  09:23:07 00060388029TRLO0 LSE
463 368.00  09:23:07 00060388031TRLO0 LSE
181 368.00  09:23:07 00060388030TRLO0 LSE
558 367.00  10:04:49 00060389273TRLO0 LSE
532 367.00  10:20:52 00060389874TRLO0 LSE
348 367.00  10:41:58 00060390758TRLO0 LSE
2252 370.00  10:49:53 00060391057TRLO0 LSE
1908 371.50  10:50:57 00060391127TRLO0 LSE
1838 371.50  10:51:53 00060391172TRLO0 LSE
1752 371.00  10:51:53 00060391174TRLO0 LSE
181 371.00  10:51:53 00060391173TRLO0 LSE
1904 371.00  10:54:03 00060391277TRLO0 LSE
68 370.50  11:00:02 00060391480TRLO0 LSE
664 370.50  11:00:02 00060391479TRLO0 LSE
169 370.50  11:00:02 00060391478TRLO0 LSE
356 370.50  11:00:02 00060391477TRLO0 LSE
664 370.50  11:00:02 00060391476TRLO0 LSE
246 370.50  11:00:02 00060391475TRLO0 LSE
613 370.00  11:28:07 00060392513TRLO0 LSE
471 370.00  11:29:50 00060392568TRLO0 LSE
712 370.00  11:33:18 00060392679TRLO0 LSE
528 370.00  11:53:03 00060393470TRLO0 LSE
287 370.00  11:53:03 00060393469TRLO0 LSE
119 370.00  11:53:03 00060393468TRLO0 LSE
2172 370.00  12:03:17 00060393906TRLO0 LSE
228 370.00  12:03:17 00060393905TRLO0 LSE
1044 370.00  12:03:17 00060393904TRLO0 LSE
2108 369.50  12:13:48 00060394214TRLO0 LSE
2221 368.50  12:42:05 00060395465TRLO0 LSE
102 368.50  12:44:11 00060395578TRLO0 LSE
411 368.50  12:58:12 00060396391TRLO0 LSE
561 368.50  13:00:08 00060396503TRLO0 LSE
576 368.50  13:11:23 00060397020TRLO0 LSE
159 369.00  13:18:09 00060397281TRLO0 LSE
27 369.00  13:18:09 00060397282TRLO0 LSE
484 368.50  13:58:39 00060398672TRLO0 LSE
676 368.50  13:58:39 00060398671TRLO0 LSE
615 368.50  13:58:39 00060398670TRLO0 LSE
1921 368.50  13:58:39 00060398669TRLO0 LSE
143 368.50  13:58:39 00060398668TRLO0 LSE
206 368.50  13:58:39 00060398667TRLO0 LSE
1400 368.50  13:58:39 00060398666TRLO0 LSE
444 368.50  13:58:39 00060398665TRLO0 LSE
1 368.50  13:58:41 00060398674TRLO0 LSE
7 368.50  13:58:42 00060398677TRLO0 LSE
88 368.50  13:58:42 00060398676TRLO0 LSE
591 368.50  14:03:58 00060398928TRLO0 LSE
1475 368.50  14:04:38 00060398972TRLO0 LSE
317 367.50  14:30:08 00060400011TRLO0 LSE
552 367.50  14:33:59 00060400286TRLO0 LSE
536 367.50  14:37:11 00060400443TRLO0 LSE
556 367.50  14:41:14 00060400583TRLO0 LSE
1957 371.50  14:46:33 00060400838TRLO0 LSE
2082 371.00  14:47:24 00060400868TRLO0 LSE
479 371.00  14:47:24 00060400871TRLO0 LSE
493 371.00  14:47:24 00060400870TRLO0 LSE
528 371.00  14:47:24 00060400869TRLO0 LSE
511 369.50  14:59:26 00060401238TRLO0 LSE
532 369.50  14:59:26 00060401237TRLO0 LSE
545 369.50  15:02:34 00060401347TRLO0 LSE
319 369.50  15:03:28 00060401370TRLO0 LSE
917 369.50  15:03:56 00060401387TRLO0 LSE
1167 369.50  15:03:56 00060401386TRLO0 LSE
23 369.50  15:03:56 00060401385TRLO0 LSE
447 369.50  15:05:56 00060401449TRLO0 LSE
425 369.50  15:05:56 00060401448TRLO0 LSE
468 369.50  15:05:56 00060401447TRLO0 LSE
35 369.50  15:05:56 00060401446TRLO0 LSE
181 369.50  15:05:56 00060401445TRLO0 LSE
700 369.00  15:14:32 00060401717TRLO0 LSE
700 369.00  15:14:32 00060401716TRLO0 LSE
21 369.00  15:14:32 00060401715TRLO0 LSE
367 369.00  15:15:19 00060401734TRLO0 LSE
313 369.00  15:15:19 00060401733TRLO0 LSE
559 368.50  15:40:41 00060402532TRLO0 LSE
100 370.00  15:43:10 00060402619TRLO0 LSE
135 370.00  15:43:10 00060402620TRLO0 LSE
222 370.00  15:43:10 00060402623TRLO0 LSE
373 370.00  15:43:10 00060402622TRLO0 LSE
1400 370.00  15:43:10 00060402621TRLO0 LSE
1995 369.00  15:43:59 00060402685TRLO0 LSE
518 369.50  15:51:28 00060403007TRLO0 LSE
229 371.00  15:54:53 00060403147TRLO0 LSE
23 371.00  15:54:53 00060403146TRLO0 LSE
975 371.00  15:55:43 00060403219TRLO0 LSE
2280 371.00  15:57:07 00060403294TRLO0 LSE
1335 370.50  15:58:59 00060403380TRLO0 LSE
544 370.50  15:58:59 00060403381TRLO0 LSE
2 370.50  16:19:00 00060404252TRLO0 LSE
6 370.50  16:19:10 00060404266TRLO0 LSE
561 370.50  16:21:29 00060404461TRLO0 LSE
570 370.50  16:24:17 00060404706TRLO0 LSE

Notes

This announcement is made in accordance with the requirements of Listing Rule 12.4.6.

For further information contact:

Buchanan                                                                                  

David Rydell/Jamie Hooper                                     44 (0) 207 466 5000

Notes to Editors:

Redde Northgate is the leading integrated mobility solutions platform providing services across the vehicle lifecycle. The Company offers integrated mobility solutions to businesses, fleet operators, insurers, OEMs and other customers across seven key areas: vehicle rental, vehicle data, accident management, vehicle repairs, fleet management, service and maintenance, vehicle ancillary services and vehicle sales.
 

The Company’s core purpose is to keep its customers mobile, whether through meeting their regular mobility needs or by servicing and supporting them when unforeseen events occur. With its considerable scale and reach, Redde Northgate’s mission is to offer a market-leading customer proposition and drive enhanced returns for shareholders by creating value through sustainable compounding growth.  The Group aims to achieve this through the delivery of its strategic framework of Focus, Drive and Broaden.

Redde Northgate services its customers through a network and diversified fleet of over 120,000 owned and leased vehicles, supporting over 600,000 managed vehicles, with more than 170 workshop, body shop and rental locations across the UK, Ireland and Spain and a specialist team of over 6,000 automotive services professionals.

Further information please visit the Company´s website:

www.reddenorthgate.com