Redde Northgate Plc - Transaction in Own Shares

PR Newswire

23 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 20 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 :  77,548
Weighted average purchase price paid :  369.1078 pence per share
Highest purchase price paid :  372.5 pence per share
Lowest purchase price paid :  364 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 3,218,826 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 242,872,597, 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 20 May 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
400 372.00  08:41:00 00059028282TRLO0 LSE
1592 371.50  08:44:06 00059028569TRLO0 LSE
771 371.50  08:44:06 00059028568TRLO0 LSE
600 371.50  08:44:06 00059028567TRLO0 LSE
1559 371.00  08:44:07 00059028573TRLO0 LSE
1460 370.00  09:10:33 00059029897TRLO0 LSE
1390 370.00  09:45:25 00059031927TRLO0 LSE
9 370.50  09:50:00 00059032319TRLO0 LSE
1619 370.50  09:50:00 00059032318TRLO0 LSE
1490 372.00  10:34:55 00059034558TRLO0 LSE
400 372.50  10:35:36 00059034587TRLO0 LSE
657 372.50  10:35:46 00059034588TRLO0 LSE
326 372.00  10:36:17 00059034617TRLO0 LSE
600 372.00  10:36:17 00059034616TRLO0 LSE
400 372.00  10:36:17 00059034615TRLO0 LSE
162 372.00  10:36:17 00059034614TRLO0 LSE
1283 371.50  10:38:46 00059034749TRLO0 LSE
205 371.50  10:38:46 00059034748TRLO0 LSE
67 371.50  10:44:15 00059034927TRLO0 LSE
600 371.50  10:44:15 00059034926TRLO0 LSE
866 371.50  10:44:15 00059034925TRLO0 LSE
421 371.00  10:47:33 00059035118TRLO0 LSE
983 371.00  10:47:33 00059035117TRLO0 LSE
1415 370.50  11:00:11 00059035775TRLO0 LSE
509 370.50  11:54:29 00059037767TRLO0 LSE
895 370.50  11:54:29 00059037766TRLO0 LSE
1332 370.00  11:56:18 00059037892TRLO0 LSE
1404 370.00  11:56:18 00059037891TRLO0 LSE
400 370.00  11:56:18 00059037893TRLO0 LSE
394 370.50  11:56:18 00059037896TRLO0 LSE
415 370.50  11:56:18 00059037895TRLO0 LSE
400 370.50  11:56:18 00059037894TRLO0 LSE
1338 369.50  13:00:24 00059040432TRLO0 LSE
1537 369.50  13:00:24 00059040431TRLO0 LSE
400 369.50  13:00:24 00059040433TRLO0 LSE
255 368.50  13:01:57 00059040517TRLO0 LSE
500 368.50  13:01:57 00059040516TRLO0 LSE
1081 368.50  13:01:57 00059040518TRLO0 LSE
122 370.00  13:22:44 00059041230TRLO0 LSE
600 370.00  13:22:44 00059041229TRLO0 LSE
46 370.00  13:22:44 00059041228TRLO0 LSE
644 370.00  13:22:44 00059041227TRLO0 LSE
1600 370.00  13:32:01 00059041638TRLO0 LSE
1313 370.00  13:32:01 00059041637TRLO0 LSE
1809 369.50  13:37:09 00059041862TRLO0 LSE
1506 369.00  13:49:09 00059042209TRLO0 LSE
725 369.50  14:14:16 00059043000TRLO0 LSE
1566 369.50  14:27:54 00059043718TRLO0 LSE
1341 369.50  14:27:54 00059043717TRLO0 LSE
405 370.00  14:33:32 00059044197TRLO0 LSE
195 370.00  14:33:32 00059044196TRLO0 LSE
264 370.00  14:33:32 00059044195TRLO0 LSE
600 370.00  14:33:32 00059044194TRLO0 LSE
292 370.00  14:35:32 00059044309TRLO0 LSE
600 370.00  14:35:32 00059044308TRLO0 LSE
600 370.00  14:35:32 00059044307TRLO0 LSE
538 370.00  14:41:32 00059044704TRLO0 LSE
882 370.00  14:41:32 00059044703TRLO0 LSE
1546 370.00  14:48:30 00059045254TRLO0 LSE
1636 370.00  14:54:30 00059045565TRLO0 LSE
1504 369.50  14:55:19 00059045623TRLO0 LSE
1312 369.50  14:55:19 00059045622TRLO0 LSE
894 369.00  15:08:33 00059046287TRLO0 LSE
511 369.00  15:08:33 00059046286TRLO0 LSE
1491 369.00  15:08:33 00059046285TRLO0 LSE
1630 368.50  15:21:31 00059047210TRLO0 LSE
1109 368.50  15:25:31 00059047536TRLO0 LSE
242 368.50  15:25:31 00059047535TRLO0 LSE
28 368.50  15:27:26 00059047697TRLO0 LSE
266 368.50  15:27:26 00059047696TRLO0 LSE
270 368.50  15:27:26 00059047695TRLO0 LSE
400 368.50  15:27:26 00059047694TRLO0 LSE
520 368.00  15:27:26 00059047700TRLO0 LSE
600 368.00  15:27:26 00059047699TRLO0 LSE
245 368.00  15:27:26 00059047698TRLO0 LSE
1158 368.00  15:27:26 00059047702TRLO0 LSE
400 368.00  15:27:26 00059047701TRLO0 LSE
1437 367.50  15:33:51 00059048293TRLO0 LSE
303 367.00  15:37:56 00059048530TRLO0 LSE
1112 367.00  15:40:04 00059048699TRLO0 LSE
169 367.00  15:40:04 00059048698TRLO0 LSE
400 367.00  15:48:49 00059049246TRLO0 LSE
657 367.00  15:48:49 00059049245TRLO0 LSE
1190 366.50  15:49:04 00059049267TRLO0 LSE
320 366.50  15:49:04 00059049266TRLO0 LSE
48 366.50  15:49:04 00059049265TRLO0 LSE
126 366.50  15:56:46 00059049876TRLO0 LSE
250 366.50  15:56:46 00059049875TRLO0 LSE
27 366.50  15:56:46 00059049874TRLO0 LSE
400 366.50  15:56:46 00059049873TRLO0 LSE
531 366.00  15:58:29 00059050066TRLO0 LSE
600 366.00  15:58:29 00059050065TRLO0 LSE
202 366.00  15:58:29 00059050064TRLO0 LSE
1622 365.50  16:04:46 00059050759TRLO0 LSE
1523 365.00  16:11:43 00059051649TRLO0 LSE
730 364.50  16:13:03 00059051808TRLO0 LSE
603 364.50  16:13:03 00059051807TRLO0 LSE
903 365.00  16:22:47 00059053209TRLO0 LSE
302 365.00  16:22:47 00059053208TRLO0 LSE
161 364.00  16:25:06 00059053527TRLO0 LSE
38 364.00  16:25:06 00059053528TRLO0 LSE
1801 364.00  16:25:06 00059053529TRLO0 LSE
548 364.00  16:25:06 00059053530TRLO0 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