Redde Northgate Plc - Transaction in Own Shares

PR Newswire

29 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 28 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 :  90,000
Weighted average purchase price paid :  350.2160 pence per share
Highest purchase price paid :  351.5 pence per share
Lowest purchase price paid :  348.5 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 5,222,984 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 240,868,439, 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 28 June 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
2097 348.50  08:28:04 00059732923TRLO0 LSE
1470 348.50  08:28:04 00059732924TRLO0 LSE
150 350.50  10:10:27 00059736150TRLO0 LSE
681 350.50  10:10:27 00059736151TRLO0 LSE
500 350.50  10:10:27 00059736152TRLO0 LSE
600 350.00  10:16:47 00059736344TRLO0 LSE
1094 350.00  10:16:47 00059736345TRLO0 LSE
1 350.00  10:16:47 00059736346TRLO0 LSE
602 350.00  10:16:47 00059736347TRLO0 LSE
814 350.00  10:16:47 00059736348TRLO0 LSE
153 350.00  10:16:47 00059736351TRLO0 LSE
1511 349.50  10:16:47 00059736354TRLO0 LSE
683 350.00  10:32:12 00059736817TRLO0 LSE
1008 350.00  10:32:12 00059736819TRLO0 LSE
600 350.00  10:33:17 00059736876TRLO0 LSE
904 350.00  10:33:17 00059736877TRLO0 LSE
941 350.00  10:33:17 00059736878TRLO0 LSE
583 350.00  10:33:17 00059736879TRLO0 LSE
494 349.50  10:33:18 00059736889TRLO0 LSE
1288 349.50  10:46:21 00059737207TRLO0 LSE
362 351.00  11:20:40 00059738095TRLO0 LSE
1334 351.00  11:20:40 00059738096TRLO0 LSE
1676 351.50  11:42:41 00059738946TRLO0 LSE
107 351.50  11:42:41 00059738948TRLO0 LSE
43 351.50  12:16:41 00059740146TRLO0 LSE
34 351.50  12:16:41 00059740147TRLO0 LSE
264 351.50  12:16:41 00059740148TRLO0 LSE
1000 351.50  12:16:41 00059740149TRLO0 LSE
361 351.50  12:16:41 00059740150TRLO0 LSE
1479 351.50  12:37:41 00059740741TRLO0 LSE
1659 351.00  12:42:02 00059740858TRLO0 LSE
1726 350.50  12:42:02 00059740861TRLO0 LSE
1257 349.50  12:45:20 00059740929TRLO0 LSE
186 349.50  12:52:35 00059741092TRLO0 LSE
1724 349.50  12:52:35 00059741093TRLO0 LSE
600 350.00  13:23:29 00059742135TRLO0 LSE
919 350.00  13:23:29 00059742136TRLO0 LSE
460 350.00  13:23:29 00059742137TRLO0 LSE
1200 350.00  13:23:29 00059742138TRLO0 LSE
1701 350.00  13:23:29 00059742141TRLO0 LSE
497 350.00  13:53:54 00059743265TRLO0 LSE
522 350.00  13:53:54 00059743266TRLO0 LSE
676 350.00  13:53:54 00059743267TRLO0 LSE
32 350.00  13:53:54 00059743268TRLO0 LSE
597 349.50  14:00:02 00059743516TRLO0 LSE
715 349.50  14:00:37 00059743556TRLO0 LSE
1076 349.50  14:00:37 00059743557TRLO0 LSE
826 349.50  14:15:02 00059744341TRLO0 LSE
921 349.50  14:15:02 00059744342TRLO0 LSE
530 349.00  14:15:02 00059744343TRLO0 LSE
1087 349.00  14:15:02 00059744344TRLO0 LSE
1562 348.50  14:31:39 00059745355TRLO0 LSE
1452 348.50  14:31:39 00059745356TRLO0 LSE
1458 349.00  14:32:27 00059745499TRLO0 LSE
541 350.50  14:34:04 00059745800TRLO0 LSE
500 350.50  14:34:04 00059745801TRLO0 LSE
1420 350.50  14:35:04 00059745888TRLO0 LSE
284 350.50  14:35:04 00059745889TRLO0 LSE
278 351.00  14:39:34 00059746505TRLO0 LSE
663 351.00  14:39:34 00059746506TRLO0 LSE
1536 350.50  14:40:02 00059746539TRLO0 LSE
1673 350.50  14:40:02 00059746540TRLO0 LSE
710 351.00  14:56:28 00059748387TRLO0 LSE
938 351.00  14:56:28 00059748388TRLO0 LSE
1567 351.00  14:56:28 00059748389TRLO0 LSE
1506 350.50  15:02:24 00059748978TRLO0 LSE
600 350.50  15:03:04 00059749121TRLO0 LSE
1012 350.50  15:03:04 00059749122TRLO0 LSE
278 351.00  15:21:12 00059751069TRLO0 LSE
1162 351.00  15:21:12 00059751070TRLO0 LSE
1697 351.00  15:21:12 00059751071TRLO0 LSE
1525 350.50  15:21:12 00059751072TRLO0 LSE
313 350.50  15:39:15 00059752700TRLO0 LSE
1313 350.50  15:39:15 00059752701TRLO0 LSE
184 350.00  15:39:27 00059752723TRLO0 LSE
1385 350.00  15:46:55 00059753509TRLO0 LSE
1661 350.00  15:46:55 00059753510TRLO0 LSE
600 350.00  15:46:55 00059753512TRLO0 LSE
969 350.00  15:46:55 00059753513TRLO0 LSE
1571 350.00  15:48:34 00059753681TRLO0 LSE
503 351.00  15:58:34 00059754515TRLO0 LSE
1033 351.00  15:58:34 00059754516TRLO0 LSE
582 351.00  15:59:04 00059754539TRLO0 LSE
1090 351.00  15:59:04 00059754540TRLO0 LSE
500 351.00  15:59:04 00059754541TRLO0 LSE
178 351.00  15:59:04 00059754542TRLO0 LSE
553 351.00  15:59:14 00059754555TRLO0 LSE
268 351.00  15:59:14 00059754556TRLO0 LSE
581 351.00  15:59:14 00059754557TRLO0 LSE
711 351.50  16:07:54 00059755445TRLO0 LSE
590 351.50  16:07:54 00059755446TRLO0 LSE
1733 351.00  16:08:54 00059755538TRLO0 LSE
1200 351.00  16:11:54 00059755921TRLO0 LSE
265 351.00  16:11:54 00059755922TRLO0 LSE
285 350.50  16:15:01 00059756146TRLO0 LSE
18 350.50  16:16:20 00059756380TRLO0 LSE
764 350.50  16:16:24 00059756401TRLO0 LSE
383 350.50  16:16:24 00059756402TRLO0 LSE
1097 350.50  16:16:24 00059756403TRLO0 LSE
486 350.50  16:16:24 00059756404TRLO0 LSE
1706 350.00  16:17:25 00059756535TRLO0 LSE
113 350.00  16:18:14 00059756616TRLO0 LSE
500 350.00  16:18:14 00059756617TRLO0 LSE
714 350.00  16:19:04 00059756728TRLO0 LSE
152 350.00  16:20:51 00059756949TRLO0 LSE
133 350.00  16:23:54 00059757249TRLO0 LSE
467 350.00  16:23:54 00059757250TRLO0 LSE
1292 350.00  16:23:54 00059757251TRLO0 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