Redde Northgate Plc - Transaction in Own Shares

PR Newswire

4 July 2022

REDDE NORTHGATE PLC

(“Redde Northgate” or the “Group” or the “Company”)

Transaction in Own Shares

Redde Northgate plc (LSE:REDD) announces that on 1 July 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 :  78,462
Weighted average purchase price paid :  340.0068 pence per share
Highest purchase price paid :  343 pence per share
Lowest purchase price paid :  337.5 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 5,501,446 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 240,589,977, 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 1 July 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
1343 337.50  08:38:20 00059818022TRLO0 LSE
126 337.50  08:38:20 00059818023TRLO0 LSE
523 337.50  08:38:20 00059818024TRLO0 LSE
1653 337.50  08:40:47 00059818075TRLO0 LSE
292 337.50  08:40:47 00059818076TRLO0 LSE
1758 338.50  09:01:30 00059818765TRLO0 LSE
1887 341.00  09:45:02 00059820965TRLO0 LSE
779 341.00  09:54:09 00059821676TRLO0 LSE
1174 341.00  09:54:09 00059821677TRLO0 LSE
500 341.00  09:54:09 00059821678TRLO0 LSE
1197 340.50  10:00:00 00059821923TRLO0 LSE
485 340.50  10:00:00 00059821924TRLO0 LSE
500 340.50  10:06:17 00059822205TRLO0 LSE
440 340.50  10:06:17 00059822206TRLO0 LSE
500 340.50  10:06:17 00059822207TRLO0 LSE
500 340.50  10:06:17 00059822208TRLO0 LSE
341 340.50  10:06:17 00059822209TRLO0 LSE
224 340.50  10:06:17 00059822210TRLO0 LSE
1876 340.50  10:18:10 00059822775TRLO0 LSE
134 340.00  10:45:22 00059823733TRLO0 LSE
1714 340.00  10:45:22 00059823734TRLO0 LSE
460 340.50  11:06:02 00059824236TRLO0 LSE
700 340.50  11:06:02 00059824237TRLO0 LSE
635 340.50  11:06:02 00059824238TRLO0 LSE
218 340.00  11:09:45 00059824319TRLO0 LSE
1447 340.00  11:09:45 00059824320TRLO0 LSE
352 340.50  11:09:45 00059824321TRLO0 LSE
700 340.50  11:32:03 00059824924TRLO0 LSE
820 340.50  11:32:03 00059824925TRLO0 LSE
216 340.50  11:32:03 00059824926TRLO0 LSE
1007 341.00  11:40:18 00059825327TRLO0 LSE
940 341.00  11:40:18 00059825328TRLO0 LSE
766 340.50  11:42:18 00059825448TRLO0 LSE
1123 340.50  11:42:18 00059825449TRLO0 LSE
1285 339.00  11:53:45 00059826132TRLO0 LSE
466 339.00  11:53:45 00059826133TRLO0 LSE
1883 337.50  12:44:56 00059828459TRLO0 LSE
1230 337.50  12:47:20 00059828562TRLO0 LSE
509 337.50  12:47:20 00059828563TRLO0 LSE
86 337.50  12:53:38 00059828765TRLO0 LSE
500 338.50  13:00:39 00059829212TRLO0 LSE
500 338.50  13:03:39 00059829276TRLO0 LSE
58 338.50  13:03:39 00059829277TRLO0 LSE
77 338.50  13:16:26 00059829849TRLO0 LSE
1945 339.00  13:21:47 00059830380TRLO0 LSE
29 339.00  13:31:47 00059830844TRLO0 LSE
344 339.00  13:31:47 00059830845TRLO0 LSE
10 339.50  13:33:46 00059830939TRLO0 LSE
328 339.50  13:33:46 00059830940TRLO0 LSE
147 340.00  13:36:03 00059831008TRLO0 LSE
147 340.00  13:36:17 00059831014TRLO0 LSE
700 340.00  13:37:10 00059831040TRLO0 LSE
577 340.00  13:37:10 00059831041TRLO0 LSE
153 340.00  13:37:10 00059831042TRLO0 LSE
508 339.50  13:47:29 00059831400TRLO0 LSE
198 339.50  13:47:30 00059831401TRLO0 LSE
82 339.50  13:47:30 00059831402TRLO0 LSE
700 339.50  13:47:30 00059831403TRLO0 LSE
236 339.50  13:47:30 00059831404TRLO0 LSE
36 339.50  13:47:30 00059831405TRLO0 LSE
700 339.50  13:47:30 00059831406TRLO0 LSE
700 339.50  13:47:30 00059831407TRLO0 LSE
529 339.50  13:47:30 00059831408TRLO0 LSE
607 340.50  14:21:13 00059832857TRLO0 LSE
500 340.50  14:21:13 00059832858TRLO0 LSE
500 340.50  14:21:13 00059832859TRLO0 LSE
634 340.50  14:21:30 00059832867TRLO0 LSE
390 340.50  14:21:30 00059832868TRLO0 LSE
39 340.50  14:22:20 00059832890TRLO0 LSE
587 340.50  14:23:20 00059832909TRLO0 LSE
703 340.50  14:23:20 00059832910TRLO0 LSE
746 340.50  14:23:20 00059832911TRLO0 LSE
1283 340.00  14:26:00 00059833083TRLO0 LSE
1779 341.50  14:33:37 00059833707TRLO0 LSE
1098 341.00  14:34:01 00059833731TRLO0 LSE
95 341.00  14:34:01 00059833732TRLO0 LSE
131 341.00  14:34:01 00059833733TRLO0 LSE
617 341.00  14:34:01 00059833734TRLO0 LSE
427 341.00  14:35:00 00059833786TRLO0 LSE
1336 341.00  14:35:00 00059833787TRLO0 LSE
500 341.50  14:41:13 00059834196TRLO0 LSE
500 341.50  14:41:13 00059834197TRLO0 LSE
500 341.50  14:43:13 00059834311TRLO0 LSE
1379 341.00  14:43:28 00059834316TRLO0 LSE
607 341.00  14:43:28 00059834317TRLO0 LSE
500 343.00  15:00:10 00059836001TRLO0 LSE
1739 342.50  15:00:10 00059836003TRLO0 LSE
500 343.00  15:00:10 00059836004TRLO0 LSE
734 342.00  15:02:16 00059836191TRLO0 LSE
1100 342.00  15:02:16 00059836192TRLO0 LSE
1799 340.50  15:11:42 00059836981TRLO0 LSE
509 340.00  15:24:02 00059837919TRLO0 LSE
1466 340.00  15:24:02 00059837920TRLO0 LSE
152 339.50  15:32:32 00059838455TRLO0 LSE
1876 339.50  15:32:32 00059838456TRLO0 LSE
1773 339.50  15:32:32 00059838457TRLO0 LSE
1569 339.00  15:37:10 00059838776TRLO0 LSE
147 339.00  15:37:10 00059838777TRLO0 LSE
2068 339.00  15:52:47 00059839707TRLO0 LSE
930 339.50  15:57:23 00059840054TRLO0 LSE
976 339.50  15:57:23 00059840055TRLO0 LSE
16 340.00  16:07:10 00059840645TRLO0 LSE
661 340.00  16:07:10 00059840646TRLO0 LSE
369 340.00  16:07:10 00059840647TRLO0 LSE
1877 340.00  16:08:20 00059840737TRLO0 LSE
129 339.50  16:21:02 00059841833TRLO0 LSE
180 339.50  16:22:22 00059841927TRLO0 LSE
441 339.50  16:23:29 00059841995TRLO0 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