Redde Northgate Plc - Transaction in Own Shares

PR Newswire

13 May 2022

REDDE NORTHGATE PLC

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

Transaction in Own Shares

Redde Northgate plc (LSE:REDD) announces that on 12 May 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 :  100,000
Weighted average purchase price paid :  354.385 pence per share
Highest purchase price paid :  362 pence per share
Lowest purchase price paid :  347.5 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 2,630,007 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 243,461,416, 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 12 May 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
230 362.00  08:12:41 00058849053TRLO0 LSE
479 360.50  08:16:49 00058849411TRLO0 LSE
1586 360.50  08:16:49 00058849410TRLO0 LSE
72 360.50  08:18:35 00058849575TRLO0 LSE
1566 360.50  08:19:05 00058849641TRLO0 LSE
1015 360.50  08:19:05 00058849640TRLO0 LSE
590 360.50  08:19:05 00058849639TRLO0 LSE
1339 360.50  08:19:05 00058849663TRLO0 LSE
65 360.50  08:19:05 00058849662TRLO0 LSE
72 360.50  08:19:05 00058849661TRLO0 LSE
1478 358.50  08:22:46 00058850250TRLO0 LSE
1273 359.00  08:27:30 00058850549TRLO0 LSE
264 359.00  08:27:30 00058850548TRLO0 LSE
1601 358.50  08:34:26 00058851073TRLO0 LSE
2569 355.50  08:34:26 00058851074TRLO0 LSE
1692 356.00  08:34:46 00058851092TRLO0 LSE
1570 356.00  08:34:46 00058851091TRLO0 LSE
1538 356.00  08:34:46 00058851090TRLO0 LSE
2289 356.50  08:34:46 00058851089TRLO0 LSE
452 356.50  08:34:46 00058851095TRLO0 LSE
400 356.50  08:34:46 00058851094TRLO0 LSE
300 356.50  08:34:46 00058851093TRLO0 LSE
328 357.00  08:36:21 00058851194TRLO0 LSE
1174 357.00  08:36:21 00058851193TRLO0 LSE
806 356.50  08:36:41 00058851236TRLO0 LSE
261 356.50  08:36:41 00058851235TRLO0 LSE
442 356.50  08:36:41 00058851234TRLO0 LSE
168 356.50  08:36:41 00058851233TRLO0 LSE
675 358.00  08:58:20 00058852288TRLO0 LSE
600 358.00  08:58:20 00058852287TRLO0 LSE
134 358.00  08:58:20 00058852286TRLO0 LSE
1452 357.50  08:59:21 00058852314TRLO0 LSE
60 357.50  08:59:21 00058852313TRLO0 LSE
1576 357.50  09:15:33 00058852757TRLO0 LSE
1517 356.50  09:20:38 00058852978TRLO0 LSE
136 355.50  09:30:15 00058853350TRLO0 LSE
519 355.50  09:30:33 00058853358TRLO0 LSE
730 355.50  09:30:33 00058853357TRLO0 LSE
1484 355.00  09:42:24 00058853850TRLO0 LSE
1476 355.00  10:03:40 00058854785TRLO0 LSE
390 354.50  10:07:06 00058854958TRLO0 LSE
600 354.50  10:07:06 00058854957TRLO0 LSE
430 354.50  10:07:06 00058854956TRLO0 LSE
1380 354.00  10:13:36 00058855266TRLO0 LSE
1505 354.00  10:22:25 00058855546TRLO0 LSE
351 352.50  10:43:07 00058856597TRLO0 LSE
1084 352.50  10:43:07 00058856598TRLO0 LSE
47 352.50  11:19:08 00058858139TRLO0 LSE
136 352.50  11:21:11 00058858211TRLO0 LSE
1311 352.50  11:21:17 00058858212TRLO0 LSE
400 354.50  11:32:00 00058858677TRLO0 LSE
400 354.50  11:36:16 00058858876TRLO0 LSE
662 354.50  11:39:27 00058858966TRLO0 LSE
623 354.00  11:50:10 00058859213TRLO0 LSE
926 354.00  11:50:10 00058859212TRLO0 LSE
1588 354.50  11:50:10 00058859214TRLO0 LSE
344 354.00  12:05:02 00058859561TRLO0 LSE
1099 354.00  12:11:53 00058859777TRLO0 LSE
254 354.00  12:11:53 00058859776TRLO0 LSE
159 354.00  12:11:53 00058859775TRLO0 LSE
399 354.00  12:11:53 00058859774TRLO0 LSE
730 354.00  12:11:53 00058859773TRLO0 LSE
1634 353.50  12:20:56 00058859971TRLO0 LSE
1521 353.50  12:29:33 00058860241TRLO0 LSE
598 353.00  12:35:16 00058860358TRLO0 LSE
600 353.00  12:35:16 00058860357TRLO0 LSE
461 353.00  12:35:16 00058860356TRLO0 LSE
41 353.00  12:47:24 00058860711TRLO0 LSE
685 353.00  12:47:24 00058860710TRLO0 LSE
1475 352.00  13:02:39 00058861541TRLO0 LSE
1421 352.50  13:23:00 00058862149TRLO0 LSE
121 352.00  13:23:04 00058862159TRLO0 LSE
1385 352.00  13:23:04 00058862158TRLO0 LSE
652 351.00  13:37:32 00058862968TRLO0 LSE
203 351.00  13:37:32 00058862967TRLO0 LSE
26 351.00  13:37:32 00058862966TRLO0 LSE
400 351.00  13:37:32 00058862965TRLO0 LSE
1661 349.50  13:47:36 00058863266TRLO0 LSE
135 349.50  14:03:16 00058864027TRLO0 LSE
713 349.50  14:03:16 00058864026TRLO0 LSE
209 349.50  14:03:16 00058864025TRLO0 LSE
153 349.50  14:03:16 00058864024TRLO0 LSE
1548 349.50  14:10:49 00058864430TRLO0 LSE
1396 348.50  14:16:58 00058864733TRLO0 LSE
1592 349.00  14:30:28 00058865723TRLO0 LSE
764 348.50  14:30:35 00058865734TRLO0 LSE
730 348.50  14:30:35 00058865735TRLO0 LSE
1492 348.00  14:41:29 00058866736TRLO0 LSE
507 347.50  14:41:48 00058866772TRLO0 LSE
107 347.50  14:41:48 00058866771TRLO0 LSE
54 347.50  14:41:48 00058866770TRLO0 LSE
62 347.50  14:41:48 00058866769TRLO0 LSE
730 347.50  14:41:48 00058866768TRLO0 LSE
67 347.50  14:41:48 00058866773TRLO0 LSE
618 350.00  14:55:52 00058868156TRLO0 LSE
444 350.00  14:55:52 00058868155TRLO0 LSE
320 350.00  14:55:52 00058868154TRLO0 LSE
424 349.50  15:00:30 00058868559TRLO0 LSE
1207 349.50  15:00:30 00058868558TRLO0 LSE
549 352.50  15:15:02 00058869886TRLO0 LSE
435 352.50  15:15:02 00058869885TRLO0 LSE
456 352.50  15:15:42 00058870056TRLO0 LSE
495 352.50  15:15:42 00058870055TRLO0 LSE
204 353.50  15:23:53 00058871144TRLO0 LSE
428 353.50  15:23:53 00058871143TRLO0 LSE
351 353.50  15:23:53 00058871142TRLO0 LSE
887 353.00  15:25:05 00058871283TRLO0 LSE
542 353.00  15:25:05 00058871282TRLO0 LSE
400 353.00  15:29:12 00058871694TRLO0 LSE
434 353.00  15:30:12 00058871823TRLO0 LSE
400 353.00  15:30:12 00058871822TRLO0 LSE
118 352.50  15:30:23 00058871846TRLO0 LSE
1399 352.50  15:30:23 00058871847TRLO0 LSE
411 352.50  15:32:25 00058872059TRLO0 LSE
4144 352.50  15:36:13 00058872359TRLO0 LSE
680 355.00  15:53:02 00058873890TRLO0 LSE
372 355.00  15:53:02 00058873889TRLO0 LSE
69 355.00  15:53:02 00058873888TRLO0 LSE
156 355.00  15:54:29 00058874033TRLO0 LSE
31 355.00  15:54:29 00058874032TRLO0 LSE
795 355.00  15:54:29 00058874031TRLO0 LSE
421 355.00  15:54:29 00058874030TRLO0 LSE
842 355.50  16:00:07 00058874611TRLO0 LSE
730 355.50  16:00:07 00058874610TRLO0 LSE
488 356.50  16:06:12 00058875271TRLO0 LSE
135 357.00  16:08:36 00058875602TRLO0 LSE
870 356.50  16:08:36 00058875604TRLO0 LSE
730 356.50  16:08:36 00058875603TRLO0 LSE
1664 356.50  16:13:36 00058876113TRLO0 LSE
1369 356.50  16:13:36 00058876112TRLO0 LSE
229 356.50  16:19:35 00058876776TRLO0 LSE
600 356.50  16:19:35 00058876775TRLO0 LSE
197 356.50  16:19:35 00058876774TRLO0 LSE
287 357.00  16:22:31 00058877162TRLO0 LSE
730 357.00  16:22:31 00058877161TRLO0 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