Redde Northgate Plc - Transaction in Own Shares

PR Newswire

30 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 27 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 :  40,384
Weighted average purchase price paid :  370.9091 pence per share
Highest purchase price paid :  375 pence per share
Lowest purchase price paid :  365 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 3,584,210 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 242,507,213, 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 27 May 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
1764 365.00  08:47:24 00059165089TRLO0 LSE
1000 365.50  08:53:30 00059165601TRLO0 LSE
474 365.50  08:53:30 00059165602TRLO0 LSE
2607 365.50  09:03:07 00059166263TRLO0 LSE
145 365.50  09:03:07 00059166265TRLO0 LSE
125 365.00  09:03:16 00059166277TRLO0 LSE
500 365.00  09:03:16 00059166276TRLO0 LSE
500 365.00  09:03:16 00059166275TRLO0 LSE
368 365.00  09:03:16 00059166274TRLO0 LSE
1340 365.50  09:05:18 00059166441TRLO0 LSE
1622 365.00  09:05:25 00059166455TRLO0 LSE
954 369.00  09:25:00 00059167500TRLO0 LSE
407 369.00  09:25:00 00059167501TRLO0 LSE
282 369.00  09:25:00 00059167502TRLO0 LSE
954 369.00  09:25:00 00059167503TRLO0 LSE
400 369.00  09:25:00 00059167504TRLO0 LSE
1162 369.00  09:25:00 00059167505TRLO0 LSE
327 369.00  09:25:00 00059167506TRLO0 LSE
14 372.00  09:42:38 00059168649TRLO0 LSE
441 372.00  09:42:38 00059168650TRLO0 LSE
1069 372.00  09:42:38 00059168651TRLO0 LSE
1763 371.50  09:42:38 00059168652TRLO0 LSE
187 371.00  09:42:38 00059168653TRLO0 LSE
1565 372.50  09:52:30 00059169076TRLO0 LSE
830 371.50  10:19:02 00059170762TRLO0 LSE
809 371.50  10:19:02 00059170761TRLO0 LSE
962 373.50  11:41:26 00059174193TRLO0 LSE
756 373.50  11:41:26 00059174194TRLO0 LSE
816 373.50  11:41:26 00059174195TRLO0 LSE
667 375.00  12:01:28 00059175143TRLO0 LSE
657 375.00  12:01:28 00059175144TRLO0 LSE
724 374.50  12:02:14 00059175170TRLO0 LSE
600 374.50  12:02:14 00059175169TRLO0 LSE
1624 374.00  12:02:24 00059175183TRLO0 LSE
711 374.00  12:02:26 00059175185TRLO0 LSE
1532 373.50  12:02:39 00059175195TRLO0 LSE
1490 375.00  12:52:41 00059176912TRLO0 LSE
941 373.00  13:31:11 00059178272TRLO0 LSE
485 373.00  13:31:11 00059178271TRLO0 LSE
1426 373.00  14:11:48 00059180723TRLO0 LSE
1366 374.50  14:35:29 00059182626TRLO0 LSE
400 375.00  14:55:36 00059184684TRLO0 LSE
369 375.00  14:55:36 00059184685TRLO0 LSE
500 375.00  14:57:36 00059184907TRLO0 LSE
267 375.00  14:58:16 00059184950TRLO0 LSE
500 375.00  14:58:33 00059184970TRLO0 LSE
500 375.00  14:59:59 00059185177TRLO0 LSE
1482 375.00  15:09:34 00059185917TRLO0 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