Redde Northgate Plc - Transaction in Own Shares

PR Newswire

18 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 15 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 :  32,881
Weighted average purchase price paid :  342.8492 pence per share
Highest purchase price paid :  345 pence per share
Lowest purchase price paid :  338 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 6,314,327 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 239,777,096, 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 15 July 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
436 338.00  08:19:37 00060053744TRLO0 LSE
1804 341.00  08:48:48 00060055333TRLO0 LSE
185 341.00  08:48:48 00060055334TRLO0 LSE
700 341.00  08:48:48 00060055335TRLO0 LSE
1133 341.00  08:48:48 00060055336TRLO0 LSE
370 341.00  08:53:08 00060055523TRLO0 LSE
1437 341.00  08:53:08 00060055524TRLO0 LSE
254 341.00  09:01:10 00060055852TRLO0 LSE
425 341.00  09:01:10 00060055853TRLO0 LSE
1071 341.00  09:01:10 00060055854TRLO0 LSE
100 342.50  10:00:03 00060057656TRLO0 LSE
1400 342.50  10:00:03 00060057657TRLO0 LSE
470 342.50  10:00:03 00060057658TRLO0 LSE
64 342.50  10:16:48 00060058136TRLO0 LSE
877 342.50  10:16:48 00060058137TRLO0 LSE
700 342.50  10:16:48 00060058138TRLO0 LSE
300 342.50  10:16:48 00060058139TRLO0 LSE
600 341.50  10:16:49 00060058140TRLO0 LSE
1901 342.00  10:50:20 00060059005TRLO0 LSE
201 342.50  12:10:48 00060061731TRLO0 LSE
133 342.50  12:10:48 00060061732TRLO0 LSE
1446 342.00  12:10:48 00060061733TRLO0 LSE
450 342.00  12:10:48 00060061734TRLO0 LSE
1046 342.50  12:40:37 00060062725TRLO0 LSE
1070 342.50  12:40:37 00060062726TRLO0 LSE
1377 344.00  13:15:19 00060063561TRLO0 LSE
600 344.00  13:15:19 00060063562TRLO0 LSE
64 344.00  13:15:19 00060063563TRLO0 LSE
35 344.00  13:15:19 00060063564TRLO0 LSE
1309 344.00  13:16:46 00060063594TRLO0 LSE
570 344.00  13:16:46 00060063595TRLO0 LSE
1795 344.00  13:24:10 00060063795TRLO0 LSE
600 345.00  13:29:06 00060063981TRLO0 LSE
1375 344.50  13:30:03 00060064014TRLO0 LSE
657 344.50  13:30:03 00060064017TRLO0 LSE
600 344.50  13:30:03 00060064018TRLO0 LSE
1359 344.50  13:30:03 00060064019TRLO0 LSE
2024 344.50  13:43:03 00060064546TRLO0 LSE
447 345.00  14:11:43 00060065630TRLO0 LSE
1400 345.00  14:11:43 00060065631TRLO0 LSE
96 345.00  14:11:43 00060065632TRLO0 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