Redde Northgate Plc - Transaction in Own Shares

PR Newswire

24 June 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 June 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 :  347.7916 pence per share
Highest purchase price paid :  350 pence per share
Lowest purchase price paid :  345.5 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 4,962,984 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 241,128,439, 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 June 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
1713 347.50  08:15:55 00059643425TRLO0 LSE
392 347.50  08:15:55 00059643424TRLO0 LSE
1428 347.50  08:24:00 00059643729TRLO0 LSE
1158 348.50  08:30:17 00059644126TRLO0 LSE
307 348.50  08:30:17 00059644127TRLO0 LSE
1236 348.50  08:37:03 00059644431TRLO0 LSE
397 348.50  08:37:03 00059644432TRLO0 LSE
1 348.50  08:48:04 00059644976TRLO0 LSE
429 348.50  08:48:28 00059645011TRLO0 LSE
1019 348.50  08:48:28 00059645012TRLO0 LSE
1663 347.50  08:55:19 00059645413TRLO0 LSE
2965 347.00  08:55:23 00059645439TRLO0 LSE
37 345.50  08:56:09 00059645469TRLO0 LSE
1898 345.50  08:56:09 00059645471TRLO0 LSE
411 345.50  08:56:09 00059645470TRLO0 LSE
1887 346.00  08:56:09 00059645472TRLO0 LSE
65 348.00  09:19:10 00059646721TRLO0 LSE
1096 348.00  09:30:06 00059647158TRLO0 LSE
517 348.00  09:30:06 00059647157TRLO0 LSE
1583 348.00  09:30:06 00059647156TRLO0 LSE
1594 347.50  09:35:21 00059647362TRLO0 LSE
2 349.50  10:23:51 00059649555TRLO0 LSE
1436 349.50  10:23:51 00059649556TRLO0 LSE
1438 349.00  10:31:22 00059649892TRLO0 LSE
460 348.50  10:50:45 00059650696TRLO0 LSE
537 350.00  10:57:02 00059650893TRLO0 LSE
652 350.00  10:57:02 00059650894TRLO0 LSE
1459 349.50  10:57:02 00059650896TRLO0 LSE
371 349.50  10:57:02 00059650898TRLO0 LSE
500 349.50  10:57:02 00059650897TRLO0 LSE
2 349.50  10:57:02 00059650899TRLO0 LSE
1086 348.50  10:57:06 00059650901TRLO0 LSE
183 348.50  10:57:06 00059650902TRLO0 LSE
526 348.50  10:57:06 00059650903TRLO0 LSE
1617 348.50  11:00:21 00059651108TRLO0 LSE
2 348.50  11:54:35 00059654120TRLO0 LSE
1666 349.50  11:55:56 00059654191TRLO0 LSE
500 349.50  11:55:56 00059654192TRLO0 LSE
1358 349.00  11:56:03 00059654203TRLO0 LSE
1576 348.50  11:56:08 00059654204TRLO0 LSE
1354 348.50  11:57:27 00059654252TRLO0 LSE
798 349.50  12:41:38 00059656187TRLO0 LSE
1388 349.50  12:41:38 00059656188TRLO0 LSE
1366 349.00  12:41:39 00059656189TRLO0 LSE
1453 348.50  13:06:26 00059657135TRLO0 LSE
215 348.50  13:06:26 00059657134TRLO0 LSE
1908 348.00  13:22:04 00059657677TRLO0 LSE
1366 348.00  13:35:02 00059658481TRLO0 LSE
1496 348.00  13:35:02 00059658480TRLO0 LSE
795 348.00  13:35:02 00059658483TRLO0 LSE
641 348.00  13:35:02 00059658482TRLO0 LSE
1169 347.50  14:05:59 00059659685TRLO0 LSE
445 347.50  14:05:59 00059659684TRLO0 LSE
1340 347.50  14:05:59 00059659683TRLO0 LSE
3200 348.00  14:20:59 00059660251TRLO0 LSE
861 348.00  14:20:59 00059660258TRLO0 LSE
562 348.00  14:20:59 00059660257TRLO0 LSE
544 348.00  14:20:59 00059660256TRLO0 LSE
700 348.00  14:20:59 00059660255TRLO0 LSE
700 348.00  14:20:59 00059660254TRLO0 LSE
5065 348.00  14:20:59 00059660253TRLO0 LSE
412 348.00  14:20:59 00059660252TRLO0 LSE
1623 348.00  14:29:59 00059660689TRLO0 LSE
1614 348.00  14:32:59 00059660935TRLO0 LSE
1623 347.50  14:32:59 00059660938TRLO0 LSE
1643 347.50  14:44:03 00059661798TRLO0 LSE
59 347.50  14:50:03 00059662128TRLO0 LSE
48 347.50  14:50:03 00059662127TRLO0 LSE
1400 347.50  14:50:03 00059662126TRLO0 LSE
1427 347.00  14:51:02 00059662204TRLO0 LSE
527 346.50  14:52:23 00059662276TRLO0 LSE
926 346.50  14:52:23 00059662275TRLO0 LSE
21 347.50  15:05:55 00059663434TRLO0 LSE
1046 348.00  15:07:19 00059663557TRLO0 LSE
500 348.00  15:07:19 00059663556TRLO0 LSE
1369 347.50  15:08:27 00059663678TRLO0 LSE
1091 347.50  15:08:27 00059663677TRLO0 LSE
369 347.50  15:08:27 00059663676TRLO0 LSE
981 347.00  15:16:22 00059664137TRLO0 LSE
408 347.00  15:16:22 00059664138TRLO0 LSE
485 348.00  15:41:24 00059666544TRLO0 LSE
77 348.00  15:41:24 00059666543TRLO0 LSE
498 348.00  15:41:24 00059666542TRLO0 LSE
1020 348.00  15:41:24 00059666541TRLO0 LSE
173 348.00  15:41:24 00059666540TRLO0 LSE
500 348.00  15:41:24 00059666545TRLO0 LSE
2101 348.00  15:41:24 00059666546TRLO0 LSE
559 347.50  15:41:31 00059666568TRLO0 LSE
828 347.50  15:41:31 00059666567TRLO0 LSE
1659 347.50  15:46:31 00059667300TRLO0 LSE
303 347.00  15:47:47 00059667393TRLO0 LSE
144 347.00  15:47:50 00059667397TRLO0 LSE
761 347.00  15:48:30 00059667446TRLO0 LSE
299 347.00  15:48:30 00059667447TRLO0 LSE
49 346.00  15:52:30 00059667954TRLO0 LSE
166 346.00  15:57:32 00059668371TRLO0 LSE
1409 346.00  15:58:22 00059668514TRLO0 LSE
1478 346.00  16:02:31 00059668976TRLO0 LSE
314 346.50  16:05:19 00059669213TRLO0 LSE
500 346.50  16:05:19 00059669212TRLO0 LSE
350 346.50  16:05:19 00059669211TRLO0 LSE
364 346.50  16:05:19 00059669210TRLO0 LSE
1597 345.50  16:06:45 00059669323TRLO0 LSE
334 346.50  16:15:35 00059670434TRLO0 LSE
327 346.50  16:15:35 00059670433TRLO0 LSE
577 346.50  16:15:35 00059670432TRLO0 LSE
193 346.50  16:15:35 00059670431TRLO0 LSE
510 346.50  16:16:31 00059670531TRLO0 LSE
500 346.50  16:16:31 00059670530TRLO0 LSE
305 346.00  16:19:49 00059670898TRLO0 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