Redde Northgate Plc - Transaction in Own Shares

PR Newswire

18 March 2022

REDDE NORTHGATE PLC

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

Transaction in Own Shares

Redde Northgate plc (LSE:REDD) announces that on 17 March 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 :  120,535
Weighted average purchase price paid :  419.9822 pence per share
Highest purchase price paid :  420 pence per share
Lowest purchase price paid :  419.5 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 166,381 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 245,925,042, 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 17 March 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
217 420.00  10:00:51 00057764293TRLO0 LSE
201 420.00  10:07:52 00057764810TRLO0 LSE
27 420.00  10:07:52 00057764809TRLO0 LSE
25 420.00  10:07:52 00057764808TRLO0 LSE
103 420.00  10:07:52 00057764807TRLO0 LSE
46 420.00  10:07:52 00057764806TRLO0 LSE
50 420.00  10:07:52 00057764805TRLO0 LSE
287 420.00  10:07:52 00057764803TRLO0 LSE
551 420.00  10:07:52 00057764802TRLO0 LSE
645 420.00  10:07:52 00057764801TRLO0 LSE
1157 420.00  10:07:52 00057764817TRLO0 LSE
1296 420.00  10:07:52 00057764816TRLO0 LSE
611 420.00  10:07:52 00057764815TRLO0 LSE
80 420.00  10:07:52 00057764814TRLO0 LSE
1194 420.00  10:07:52 00057764818TRLO0 LSE
233 420.00  12:17:56 00057771287TRLO0 LSE
995 420.00  12:17:56 00057771286TRLO0 LSE
300 420.00  12:17:56 00057771285TRLO0 LSE
96 420.00  12:17:56 00057771284TRLO0 LSE
645 420.00  12:17:56 00057771283TRLO0 LSE
81 420.00  12:17:56 00057771282TRLO0 LSE
10 420.00  12:17:56 00057771281TRLO0 LSE
290 420.00  12:17:56 00057771280TRLO0 LSE
900 420.00  12:17:56 00057771279TRLO0 LSE
202 420.00  12:17:56 00057771278TRLO0 LSE
398 420.00  12:17:56 00057771277TRLO0 LSE
645 420.00  12:17:56 00057771276TRLO0 LSE
953 420.00  12:17:56 00057771275TRLO0 LSE
247 420.00  12:17:56 00057771274TRLO0 LSE
378 420.00  12:17:56 00057771273TRLO0 LSE
1422 420.00  12:17:56 00057771272TRLO0 LSE
75000 420.00  12:18:08 00057771293TRLO0 LSE
1301 419.50  12:29:31 00057771723TRLO0 LSE
1272 419.50  12:40:44 00057772140TRLO0 LSE
591 420.00  13:13:29 00057773589TRLO0 LSE
680 420.00  13:13:29 00057773590TRLO0 LSE
1189 420.00  13:31:29 00057774477TRLO0 LSE
118 420.00  14:14:45 00057777018TRLO0 LSE
1214 420.00  14:14:45 00057777019TRLO0 LSE
10 420.00  14:14:45 00057777020TRLO0 LSE
1167 420.00  14:14:45 00057777021TRLO0 LSE
301 420.00  14:14:45 00057777022TRLO0 LSE
300 420.00  14:14:45 00057777023TRLO0 LSE
300 420.00  14:14:45 00057777024TRLO0 LSE
300 420.00  14:14:45 00057777025TRLO0 LSE
170 420.00  14:14:45 00057777026TRLO0 LSE
646 420.00  14:14:45 00057777027TRLO0 LSE
263 420.00  15:07:27 00057780720TRLO0 LSE
10927 420.00  15:07:27 00057780721TRLO0 LSE
1233 420.00  15:07:27 00057780722TRLO0 LSE
1168 420.00  15:07:27 00057780723TRLO0 LSE
1393 420.00  15:07:27 00057780724TRLO0 LSE
1201 420.00  15:07:27 00057780725TRLO0 LSE
492 419.50  15:07:27 00057780739TRLO0 LSE
622 419.50  15:07:27 00057780738TRLO0 LSE
612 419.50  15:07:27 00057780737TRLO0 LSE
276 420.00  15:07:27 00057780740TRLO0 LSE
400 420.00  15:07:27 00057780741TRLO0 LSE
201 420.00  15:07:27 00057780742TRLO0 LSE
307 420.00  15:07:27 00057780743TRLO0 LSE
277 420.00  15:30:12 00057782555TRLO0 LSE
300 420.00  15:30:12 00057782556TRLO0 LSE
644 420.00  15:30:12 00057782557TRLO0 LSE
1375 420.00  15:30:12 00057782558TRLO0 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/Tilly Abraham                         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