Redde Northgate Plc - Transaction in Own Shares

PR Newswire

17 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 16 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 :  364.7527 pence per share
Highest purchase price paid :  367.5 pence per share
Lowest purchase price paid :  363.5 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 2,850,007 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 243,241,416, 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 16 May 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
30000 363.50  08:30:21 00058910805TRLO0 LSE
680 365.50  09:10:12 00058912305TRLO0 LSE
52 365.50  09:10:12 00058912304TRLO0 LSE
802 365.50  09:10:12 00058912303TRLO0 LSE
261 365.50  09:10:12 00058912302TRLO0 LSE
634 365.50  09:10:12 00058912306TRLO0 LSE
400 366.00  09:10:12 00058912307TRLO0 LSE
544 365.50  09:11:12 00058912348TRLO0 LSE
802 365.50  09:11:12 00058912347TRLO0 LSE
38 365.50  09:11:12 00058912350TRLO0 LSE
170 365.50  09:11:12 00058912349TRLO0 LSE
1402 367.00  09:24:43 00058913012TRLO0 LSE
124 366.50  09:24:47 00058913017TRLO0 LSE
1278 366.50  09:24:47 00058913016TRLO0 LSE
338 366.00  09:24:50 00058913019TRLO0 LSE
414 366.00  09:24:50 00058913020TRLO0 LSE
335 366.00  09:24:50 00058913023TRLO0 LSE
246 366.50  09:27:41 00058913116TRLO0 LSE
1200 366.50  09:27:41 00058913115TRLO0 LSE
100 366.00  09:27:41 00058913117TRLO0 LSE
1550 366.00  09:27:53 00058913124TRLO0 LSE
346 366.00  09:27:53 00058913123TRLO0 LSE
600 366.00  09:27:53 00058913122TRLO0 LSE
239 365.50  09:53:21 00058914521TRLO0 LSE
338 365.50  09:58:21 00058914779TRLO0 LSE
6 365.50  10:04:29 00058915208TRLO0 LSE
1175 365.50  10:11:05 00058915481TRLO0 LSE
242 365.50  10:11:05 00058915480TRLO0 LSE
929 365.50  10:11:05 00058915479TRLO0 LSE
1494 365.50  10:26:05 00058916116TRLO0 LSE
1045 365.00  10:30:02 00058916231TRLO0 LSE
593 365.00  10:30:02 00058916230TRLO0 LSE
168 364.50  10:30:02 00058916232TRLO0 LSE
655 364.00  10:59:10 00058917637TRLO0 LSE
600 364.00  10:59:10 00058917636TRLO0 LSE
256 364.00  10:59:10 00058917635TRLO0 LSE
1649 363.50  10:59:10 00058917638TRLO0 LSE
127 364.50  11:41:12 00058919013TRLO0 LSE
424 364.50  11:41:12 00058919012TRLO0 LSE
1098 364.50  11:41:12 00058919011TRLO0 LSE
153 364.00  11:45:10 00058919129TRLO0 LSE
1218 364.00  11:45:10 00058919128TRLO0 LSE
1727 364.00  11:45:10 00058919130TRLO0 LSE
354 363.50  11:46:12 00058919195TRLO0 LSE
241 363.50  11:49:29 00058919329TRLO0 LSE
309 363.50  11:54:29 00058919448TRLO0 LSE
742 363.50  11:58:57 00058919604TRLO0 LSE
1491 363.50  12:29:20 00058920407TRLO0 LSE
53 363.50  12:29:20 00058920406TRLO0 LSE
1647 363.50  13:00:46 00058921426TRLO0 LSE
951 363.50  13:00:46 00058921425TRLO0 LSE
653 363.50  13:00:46 00058921424TRLO0 LSE
41 363.50  13:06:22 00058921643TRLO0 LSE
265 363.50  13:11:22 00058921791TRLO0 LSE
658 364.50  13:16:13 00058922021TRLO0 LSE
77 364.50  13:16:13 00058922020TRLO0 LSE
400 364.50  13:16:13 00058922019TRLO0 LSE
253 365.00  13:28:22 00058922446TRLO0 LSE
1366 365.00  13:30:36 00058922533TRLO0 LSE
1317 365.00  13:30:36 00058922532TRLO0 LSE
400 365.00  13:30:36 00058922534TRLO0 LSE
256 364.50  13:31:02 00058922551TRLO0 LSE
545 364.50  13:31:02 00058922550TRLO0 LSE
545 364.50  13:31:02 00058922549TRLO0 LSE
116 364.50  13:31:02 00058922548TRLO0 LSE
313 365.00  13:46:37 00058923184TRLO0 LSE
313 365.00  13:54:54 00058923465TRLO0 LSE
178 365.00  13:54:54 00058923466TRLO0 LSE
972 366.50  14:07:24 00058924035TRLO0 LSE
53 366.50  14:07:24 00058924034TRLO0 LSE
522 366.50  14:07:24 00058924033TRLO0 LSE
1436 366.50  14:13:27 00058924350TRLO0 LSE
200 366.50  14:13:27 00058924349TRLO0 LSE
587 366.50  14:13:27 00058924348TRLO0 LSE
720 366.50  14:13:27 00058924347TRLO0 LSE
1478 366.00  14:15:18 00058924415TRLO0 LSE
681 367.00  14:40:32 00058926505TRLO0 LSE
157 367.50  14:42:24 00058926633TRLO0 LSE
680 367.50  14:42:24 00058926632TRLO0 LSE
818 367.50  14:42:51 00058926680TRLO0 LSE
1655 367.00  14:42:51 00058926681TRLO0 LSE
1651 366.50  14:44:18 00058926796TRLO0 LSE
1397 366.00  14:59:11 00058928368TRLO0 LSE
1414 366.00  14:59:11 00058928367TRLO0 LSE
461 365.00  15:00:48 00058928555TRLO0 LSE
600 365.00  15:00:48 00058928554TRLO0 LSE
510 365.00  15:00:48 00058928553TRLO0 LSE
918 364.50  15:10:14 00058929281TRLO0 LSE
479 364.50  15:10:14 00058929282TRLO0 LSE
254 365.00  15:21:26 00058930027TRLO0 LSE
430 366.00  15:25:13 00058930289TRLO0 LSE
144 366.00  15:25:13 00058930288TRLO0 LSE
400 366.00  15:25:13 00058930287TRLO0 LSE
596 366.00  15:25:13 00058930286TRLO0 LSE
1598 366.00  15:30:13 00058930715TRLO0 LSE
1403 365.50  15:34:16 00058931098TRLO0 LSE
1390 365.00  15:38:11 00058931541TRLO0 LSE
646 365.00  15:48:13 00058932480TRLO0 LSE
164 365.00  15:48:13 00058932479TRLO0 LSE
712 365.00  15:58:35 00058933376TRLO0 LSE
77 365.00  15:58:35 00058933375TRLO0 LSE
844 365.00  15:58:35 00058933374TRLO0 LSE
610 365.00  16:06:53 00058933878TRLO0 LSE
802 365.00  16:06:53 00058933877TRLO0 LSE
275 365.00  16:06:53 00058933876TRLO0 LSE
1383 364.50  16:16:34 00058934532TRLO0 LSE
758 364.50  16:21:06 00058935070TRLO0 LSE
189 364.50  16:21:43 00058935136TRLO0 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