Redde Northgate Plc - Transaction in Own Shares

PR Newswire

28 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 27 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 :  80,000
Weighted average purchase price paid :  349.8559 pence per share
Highest purchase price paid :  350.5 pence per share
Lowest purchase price paid :  348 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 5,132,984 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 240,958,439, 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 27 June 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
100 349.00  08:11:55 00059704833TRLO0 LSE
1561 350.50  08:15:02 00059704883TRLO0 LSE
691 350.50  08:15:02 00059704885TRLO0 LSE
941 350.50  08:15:02 00059704884TRLO0 LSE
1795 350.50  08:16:03 00059704917TRLO0 LSE
1573 350.00  08:20:23 00059704995TRLO0 LSE
1739 350.50  08:22:21 00059705044TRLO0 LSE
1656 350.00  08:22:21 00059705048TRLO0 LSE
696 350.50  08:26:15 00059705135TRLO0 LSE
749 350.50  08:29:15 00059705238TRLO0 LSE
1292 350.00  08:41:53 00059705883TRLO0 LSE
452 350.00  08:41:53 00059705882TRLO0 LSE
723 349.50  08:41:53 00059705887TRLO0 LSE
862 349.50  08:44:00 00059705938TRLO0 LSE
1496 349.00  08:49:23 00059706097TRLO0 LSE
1798 350.50  08:59:53 00059706549TRLO0 LSE
145 350.50  09:09:50 00059706917TRLO0 LSE
1618 350.50  09:09:50 00059706916TRLO0 LSE
500 350.50  09:10:51 00059706945TRLO0 LSE
1723 350.50  09:10:51 00059706943TRLO0 LSE
229 349.00  09:13:51 00059707042TRLO0 LSE
74 349.00  09:13:51 00059707041TRLO0 LSE
231 349.00  09:21:48 00059707290TRLO0 LSE
194 349.00  09:21:48 00059707293TRLO0 LSE
95 349.00  09:21:48 00059707292TRLO0 LSE
710 349.00  09:21:48 00059707291TRLO0 LSE
1477 348.50  09:29:45 00059707653TRLO0 LSE
1114 348.50  09:38:42 00059708025TRLO0 LSE
432 348.50  09:43:50 00059708312TRLO0 LSE
144 348.50  09:43:50 00059708311TRLO0 LSE
1575 348.00  09:58:10 00059708764TRLO0 LSE
144 349.00  10:53:10 00059711446TRLO0 LSE
1497 349.50  10:54:30 00059711487TRLO0 LSE
75 349.50  10:55:30 00059711526TRLO0 LSE
1999 349.50  10:55:30 00059711524TRLO0 LSE
615 349.00  11:11:50 00059712021TRLO0 LSE
941 349.00  11:11:50 00059712020TRLO0 LSE
681 349.50  11:52:35 00059713328TRLO0 LSE
1063 350.00  12:01:20 00059713768TRLO0 LSE
399 350.00  12:01:20 00059713767TRLO0 LSE
625 350.00  12:01:20 00059713769TRLO0 LSE
500 350.00  12:01:20 00059713770TRLO0 LSE
731 350.00  12:01:35 00059713776TRLO0 LSE
165 350.00  12:01:35 00059713775TRLO0 LSE
32 350.00  12:01:35 00059713774TRLO0 LSE
500 350.00  12:01:35 00059713773TRLO0 LSE
1433 350.00  12:09:27 00059713985TRLO0 LSE
213 350.00  12:09:27 00059713984TRLO0 LSE
1733 350.00  12:25:32 00059714525TRLO0 LSE
1131 349.50  12:47:10 00059715163TRLO0 LSE
118 349.50  12:47:10 00059715162TRLO0 LSE
281 349.50  12:47:10 00059715161TRLO0 LSE
1606 350.00  13:21:50 00059716149TRLO0 LSE
749 350.00  13:25:50 00059716264TRLO0 LSE
497 350.00  13:25:50 00059716263TRLO0 LSE
56 349.50  13:26:50 00059716289TRLO0 LSE
1580 349.50  13:26:50 00059716286TRLO0 LSE
436 349.50  13:51:05 00059717335TRLO0 LSE
1217 349.50  13:51:14 00059717343TRLO0 LSE
1663 350.00  14:00:22 00059717696TRLO0 LSE
396 350.50  14:00:22 00059717699TRLO0 LSE
500 350.50  14:00:22 00059717698TRLO0 LSE
731 350.50  14:00:22 00059717697TRLO0 LSE
1512 350.00  14:22:02 00059718576TRLO0 LSE
500 350.50  14:23:04 00059718604TRLO0 LSE
672 350.50  14:23:04 00059718603TRLO0 LSE
500 350.00  14:29:16 00059718966TRLO0 LSE
87 350.00  14:29:16 00059718965TRLO0 LSE
559 350.00  14:29:16 00059718964TRLO0 LSE
1277 349.50  14:32:16 00059719260TRLO0 LSE
227 349.50  14:32:16 00059719259TRLO0 LSE
1478 348.50  14:43:28 00059719925TRLO0 LSE
699 350.00  14:59:16 00059721016TRLO0 LSE
755 350.00  15:02:16 00059721225TRLO0 LSE
692 350.00  15:02:16 00059721224TRLO0 LSE
1683 350.00  15:07:21 00059721756TRLO0 LSE
1192 350.00  15:07:21 00059721755TRLO0 LSE
338 350.00  15:07:21 00059721754TRLO0 LSE
739 350.00  15:15:15 00059722444TRLO0 LSE
161 350.00  15:15:15 00059722443TRLO0 LSE
653 350.00  15:16:05 00059722505TRLO0 LSE
490 350.00  15:16:05 00059722504TRLO0 LSE
1668 349.50  15:16:46 00059722557TRLO0 LSE
639 350.00  15:33:25 00059723749TRLO0 LSE
359 350.00  15:33:25 00059723748TRLO0 LSE
500 350.00  15:33:25 00059723747TRLO0 LSE
468 350.00  15:35:35 00059723946TRLO0 LSE
250 350.00  15:35:35 00059723945TRLO0 LSE
500 350.00  15:35:35 00059723944TRLO0 LSE
330 350.00  15:35:35 00059723943TRLO0 LSE
620 350.50  15:41:45 00059724499TRLO0 LSE
98 350.50  15:41:45 00059724498TRLO0 LSE
433 350.50  15:41:45 00059724497TRLO0 LSE
500 350.50  15:41:45 00059724496TRLO0 LSE
500 350.00  15:50:56 00059725379TRLO0 LSE
500 350.50  15:57:52 00059726068TRLO0 LSE
488 350.50  15:57:52 00059726067TRLO0 LSE
58 350.50  15:57:52 00059726075TRLO0 LSE
500 350.50  15:57:52 00059726074TRLO0 LSE
711 350.50  15:57:52 00059726072TRLO0 LSE
700 350.00  16:01:25 00059726344TRLO0 LSE
293 350.00  16:01:25 00059726343TRLO0 LSE
100 350.00  16:01:25 00059726342TRLO0 LSE
688 350.00  16:01:52 00059726360TRLO0 LSE
184 350.00  16:11:01 00059727543TRLO0 LSE
700 350.00  16:11:01 00059727542TRLO0 LSE
100 350.00  16:11:01 00059727541TRLO0 LSE
1207 350.00  16:16:33 00059728587TRLO0 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