Redde Northgate Plc - Transaction in Own Shares

PR Newswire

22 April 2022

REDDE NORTHGATE PLC

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

Transaction in Own Shares

Redde Northgate plc (LSE:REDD) announces that on 21 April 2022 it purchased the following number of its own shares to be held in treasury:

Class of shares :  Ordinary shares of 50p (“shares”) 411.2731
Number of shares purchased :  85,000
Weighted average purchase price paid :  411.2731 pence per share
Highest purchase price paid :  413.5 pence per share
Lowest purchase price paid :  410 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 1,355,991 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 244,735,432, 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 21 April 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
1460 411.50  08:29:47 00058368739TRLO0 LSE
1293 412.00  08:34:59 00058368930TRLO0 LSE
1433 411.50  08:34:59 00058368931TRLO0 LSE
383 411.00  08:46:02 00058369390TRLO0 LSE
1088 411.00  08:46:02 00058369391TRLO0 LSE
542 411.00  08:54:07 00058369714TRLO0 LSE
1495 411.00  08:54:07 00058369712TRLO0 LSE
746 411.00  08:54:07 00058369715TRLO0 LSE
40000 410.75  08:55:32 00058369800TRLO0 LSE
1385 411.50  09:07:10 00058370572TRLO0 LSE
499 411.00  09:28:38 00058371763TRLO0 LSE
108 411.00  09:28:38 00058371762TRLO0 LSE
500 411.00  09:28:38 00058371761TRLO0 LSE
58 411.00  09:28:38 00058371760TRLO0 LSE
75 411.00  09:28:38 00058371759TRLO0 LSE
914 410.00  09:30:47 00058371855TRLO0 LSE
470 410.00  09:30:47 00058371854TRLO0 LSE
20 410.50  09:47:58 00058372532TRLO0 LSE
264 410.50  09:47:58 00058372531TRLO0 LSE
17 410.50  09:47:58 00058372530TRLO0 LSE
89 410.50  09:47:58 00058372535TRLO0 LSE
103 410.50  09:47:58 00058372534TRLO0 LSE
582 410.50  09:47:58 00058372533TRLO0 LSE
731 410.50  09:55:53 00058372857TRLO0 LSE
1048 412.00  09:59:17 00058373008TRLO0 LSE
326 412.00  09:59:17 00058373007TRLO0 LSE
580 412.00  10:02:04 00058373197TRLO0 LSE
98 412.00  10:02:13 00058373205TRLO0 LSE
10 412.00  10:02:30 00058373220TRLO0 LSE
23 412.00  10:05:30 00058373340TRLO0 LSE
145 412.00  10:05:30 00058373339TRLO0 LSE
500 412.00  10:05:30 00058373338TRLO0 LSE
122 412.00  10:05:30 00058373337TRLO0 LSE
1347 412.50  10:13:26 00058373562TRLO0 LSE
44 411.50  10:44:50 00058374804TRLO0 LSE
250 411.50  10:44:50 00058374803TRLO0 LSE
545 411.50  10:54:20 00058375180TRLO0 LSE
653 411.50  10:54:20 00058375179TRLO0 LSE
1478 411.00  11:18:26 00058376070TRLO0 LSE
1213 412.00  12:05:15 00058377922TRLO0 LSE
1405 412.50  12:11:46 00058378191TRLO0 LSE
974 412.00  12:18:45 00058378475TRLO0 LSE
458 412.00  12:18:45 00058378474TRLO0 LSE
1328 411.50  12:18:50 00058378490TRLO0 LSE
1463 411.50  12:44:23 00058379382TRLO0 LSE
1268 413.50  13:46:21 00058382183TRLO0 LSE
1278 413.50  13:46:21 00058382182TRLO0 LSE
403 412.50  14:12:47 00058383260TRLO0 LSE
815 412.50  14:12:47 00058383259TRLO0 LSE
16 412.50  14:25:02 00058383909TRLO0 LSE
1426 412.50  14:25:02 00058383910TRLO0 LSE
1493 412.50  14:25:02 00058383911TRLO0 LSE
663 411.50  14:34:02 00058384637TRLO0 LSE
36 411.50  14:34:02 00058384636TRLO0 LSE
147 411.50  14:34:02 00058384635TRLO0 LSE
424 411.50  14:34:02 00058384634TRLO0 LSE
204 411.50  14:41:41 00058385216TRLO0 LSE
488 411.50  14:41:41 00058385215TRLO0 LSE
488 411.50  14:41:41 00058385214TRLO0 LSE
118 411.50  14:41:41 00058385213TRLO0 LSE
15 411.50  14:51:37 00058385824TRLO0 LSE
48 412.00  14:57:34 00058386519TRLO0 LSE
317 412.00  14:57:34 00058386522TRLO0 LSE
500 412.00  14:57:34 00058386521TRLO0 LSE
349 412.00  14:57:34 00058386520TRLO0 LSE
1214 412.00  15:03:07 00058386863TRLO0 LSE
36 412.00  15:04:24 00058387027TRLO0 LSE
18 412.00  15:05:49 00058387137TRLO0 LSE
18 412.00  15:07:02 00058387203TRLO0 LSE
1430 412.00  15:10:08 00058387734TRLO0 LSE
33 412.00  15:10:08 00058387733TRLO0 LSE
131 412.00  15:10:08 00058387732TRLO0 LSE
400 412.00  15:20:14 00058388927TRLO0 LSE
669 412.00  15:51:25 00058390851TRLO0 LSE
221 412.00  15:51:25 00058390850TRLO0 LSE
615 411.50  15:52:05 00058390887TRLO0 LSE
685 411.50  16:05:16 00058391866TRLO0 LSE
451 411.50  16:09:55 00058392145TRLO0 LSE
318 411.50  16:13:01 00058392334TRLO0 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