Redde Northgate Plc - Transaction in Own Shares

PR Newswire

24 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 23 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 :  75,000
Weighted average purchase price paid :  373.2492 pence per share
Highest purchase price paid :  375 pence per share
Lowest purchase price paid :  370.5 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 3,293,826 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 242,797,597, 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 23 May 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
1382 372.50  08:16:53 00059055588TRLO0 LSE
1557 372.00  08:18:43 00059055630TRLO0 LSE
501 372.00  08:18:43 00059055629TRLO0 LSE
1275 371.00  08:40:54 00059056121TRLO0 LSE
188 371.00  08:40:54 00059056120TRLO0 LSE
409 371.00  09:03:08 00059056852TRLO0 LSE
882 371.00  09:03:08 00059056851TRLO0 LSE
466 372.00  09:56:26 00059058643TRLO0 LSE
600 372.00  09:56:26 00059058642TRLO0 LSE
783 372.00  09:56:26 00059058641TRLO0 LSE
1627 372.00  09:56:26 00059058644TRLO0 LSE
1820 371.00  09:56:45 00059058657TRLO0 LSE
1831 370.50  09:56:47 00059058663TRLO0 LSE
890 370.50  10:05:06 00059059054TRLO0 LSE
600 370.50  10:05:06 00059059053TRLO0 LSE
85 370.50  10:05:06 00059059052TRLO0 LSE
1222 373.00  10:34:07 00059060486TRLO0 LSE
216 373.00  10:34:07 00059060487TRLO0 LSE
1291 373.00  10:34:07 00059060488TRLO0 LSE
84 372.50  10:34:07 00059060489TRLO0 LSE
1530 372.50  10:34:07 00059060490TRLO0 LSE
493 372.50  10:35:08 00059060559TRLO0 LSE
564 372.50  10:35:08 00059060560TRLO0 LSE
332 372.50  10:35:08 00059060561TRLO0 LSE
548 373.00  10:36:28 00059060653TRLO0 LSE
403 373.00  10:36:28 00059060654TRLO0 LSE
393 373.00  10:36:28 00059060655TRLO0 LSE
62 373.00  10:36:36 00059060660TRLO0 LSE
21 373.50  10:44:11 00059060928TRLO0 LSE
214 373.50  10:44:11 00059060929TRLO0 LSE
716 373.50  10:44:11 00059060930TRLO0 LSE
495 373.50  10:44:20 00059060937TRLO0 LSE
1528 374.00  10:56:27 00059061405TRLO0 LSE
120 373.50  11:12:19 00059062055TRLO0 LSE
1299 373.50  11:12:19 00059062056TRLO0 LSE
752 374.00  11:20:52 00059062520TRLO0 LSE
637 374.00  11:20:52 00059062521TRLO0 LSE
1374 373.50  11:34:51 00059062960TRLO0 LSE
750 373.00  12:03:30 00059063890TRLO0 LSE
600 374.50  12:21:45 00059064404TRLO0 LSE
714 374.50  12:21:45 00059064405TRLO0 LSE
776 374.50  12:21:45 00059064406TRLO0 LSE
538 374.50  12:21:45 00059064407TRLO0 LSE
144 374.00  12:21:45 00059064409TRLO0 LSE
806 374.00  12:21:45 00059064408TRLO0 LSE
865 374.00  12:21:45 00059064410TRLO0 LSE
724 374.00  12:23:45 00059064490TRLO0 LSE
778 374.00  12:33:58 00059064737TRLO0 LSE
696 374.50  12:47:18 00059065118TRLO0 LSE
269 374.50  12:47:18 00059065119TRLO0 LSE
1333 375.00  12:57:19 00059065326TRLO0 LSE
1407 375.00  12:57:19 00059065327TRLO0 LSE
48 375.00  12:57:19 00059065328TRLO0 LSE
95 374.50  13:01:21 00059065446TRLO0 LSE
380 374.50  13:01:21 00059065445TRLO0 LSE
699 374.50  13:17:08 00059065827TRLO0 LSE
400 375.00  13:17:50 00059065845TRLO0 LSE
481 375.00  13:24:50 00059066092TRLO0 LSE
259 375.00  13:24:50 00059066093TRLO0 LSE
196 375.00  13:27:50 00059066228TRLO0 LSE
255 375.00  13:27:50 00059066229TRLO0 LSE
698 375.00  13:27:50 00059066230TRLO0 LSE
444 375.00  13:27:50 00059066231TRLO0 LSE
703 375.00  13:36:50 00059066530TRLO0 LSE
267 375.00  13:36:50 00059066531TRLO0 LSE
416 375.00  13:36:50 00059066532TRLO0 LSE
826 375.00  13:59:56 00059067196TRLO0 LSE
310 375.00  13:59:56 00059067197TRLO0 LSE
253 375.00  13:59:56 00059067198TRLO0 LSE
31 375.00  13:59:56 00059067199TRLO0 LSE
880 375.00  13:59:56 00059067200TRLO0 LSE
1595 374.00  14:20:13 00059068033TRLO0 LSE
800 373.00  14:21:12 00059068066TRLO0 LSE
780 373.00  14:21:13 00059068067TRLO0 LSE
627 373.00  14:27:06 00059068257TRLO0 LSE
840 373.00  14:27:12 00059068261TRLO0 LSE
1322 373.00  14:38:04 00059069338TRLO0 LSE
482 372.50  14:38:34 00059069398TRLO0 LSE
1033 372.50  14:38:34 00059069397TRLO0 LSE
1191 373.50  14:54:53 00059070569TRLO0 LSE
296 373.50  14:54:53 00059070568TRLO0 LSE
60 373.00  14:54:54 00059070571TRLO0 LSE
1441 373.00  14:54:54 00059070572TRLO0 LSE
1516 373.00  15:00:11 00059070920TRLO0 LSE
1370 373.00  15:13:38 00059071862TRLO0 LSE
1349 373.00  15:13:38 00059071861TRLO0 LSE
879 373.00  15:20:07 00059072234TRLO0 LSE
448 373.00  15:20:07 00059072233TRLO0 LSE
342 373.00  15:24:07 00059072407TRLO0 LSE
262 373.00  15:24:07 00059072406TRLO0 LSE
256 373.00  15:24:07 00059072405TRLO0 LSE
265 373.00  15:24:07 00059072404TRLO0 LSE
400 373.00  15:24:07 00059072403TRLO0 LSE
1483 373.50  15:51:15 00059074067TRLO0 LSE
1274 373.50  15:51:15 00059074066TRLO0 LSE
13 373.50  15:51:15 00059074065TRLO0 LSE
283 373.50  15:51:15 00059074064TRLO0 LSE
1052 373.50  15:51:15 00059074063TRLO0 LSE
707 373.50  15:51:15 00059074069TRLO0 LSE
489 373.50  15:51:15 00059074068TRLO0 LSE
244 373.50  15:51:15 00059074070TRLO0 LSE
595 374.00  16:05:28 00059075253TRLO0 LSE
254 374.00  16:07:10 00059075448TRLO0 LSE
438 374.00  16:08:10 00059075507TRLO0 LSE
1101 374.00  16:08:10 00059075506TRLO0 LSE
365 374.50  16:14:48 00059075920TRLO0 LSE
833 374.50  16:16:58 00059076146TRLO0 LSE
20 374.50  16:16:58 00059076145TRLO0 LSE
686 374.50  16:17:55 00059076240TRLO0 LSE
55 374.50  16:17:55 00059076239TRLO0 LSE
323 374.50  16:20:38 00059076501TRLO0 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