Redde Northgate Plc - Transaction in Own Shares

PR Newswire

21 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 20 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 :  50,000
Weighted average purchase price paid :  367.2066 pence per share
Highest purchase price paid :  369.5 pence per share
Lowest purchase price paid :  362.5 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 6,466,189 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 239,625,234, 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 20 July 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
460 362.50  08:13:30 00060114615TRLO0 LSE
2063 364.00  08:28:41 00060115284TRLO0 LSE
2050 363.50  08:44:17 00060115942TRLO0 LSE
1810 366.50  08:57:30 00060116491TRLO0 LSE
140 366.50  08:57:30 00060116492TRLO0 LSE
2027 366.00  09:00:00 00060116629TRLO0 LSE
518 366.00  09:21:05 00060117694TRLO0 LSE
1591 366.00  09:21:05 00060117693TRLO0 LSE
2050 366.00  09:25:18 00060117871TRLO0 LSE
2152 367.00  10:20:52 00060120286TRLO0 LSE
1951 368.00  10:29:53 00060120664TRLO0 LSE
1925 369.00  11:01:52 00060121865TRLO0 LSE
256 369.00  11:01:52 00060121866TRLO0 LSE
1750 369.00  11:01:53 00060121867TRLO0 LSE
2292 369.00  11:31:43 00060122849TRLO0 LSE
1186 368.00  11:33:13 00060123029TRLO0 LSE
725 368.00  11:33:13 00060123028TRLO0 LSE
1880 367.50  11:37:42 00060123275TRLO0 LSE
347 365.50  11:55:50 00060124189TRLO0 LSE
1024 366.50  12:37:05 00060126062TRLO0 LSE
882 366.50  12:37:05 00060126061TRLO0 LSE
1850 367.50  13:11:54 00060127665TRLO0 LSE
339 367.50  13:11:54 00060127664TRLO0 LSE
600 368.00  13:21:22 00060128106TRLO0 LSE
600 368.00  13:21:22 00060128105TRLO0 LSE
605 368.00  13:21:22 00060128104TRLO0 LSE
294 368.00  13:21:22 00060128107TRLO0 LSE
1950 367.00  13:59:28 00060130178TRLO0 LSE
237 366.50  14:25:05 00060131014TRLO0 LSE
915 366.50  14:25:05 00060131016TRLO0 LSE
783 366.50  14:25:05 00060131015TRLO0 LSE
1949 367.00  14:30:03 00060131225TRLO0 LSE
259 367.50  14:49:58 00060132238TRLO0 LSE
486 367.50  14:49:58 00060132237TRLO0 LSE
38 367.50  14:49:58 00060132236TRLO0 LSE
700 367.50  14:49:58 00060132235TRLO0 LSE
848 367.50  15:03:53 00060132980TRLO0 LSE
1014 367.50  15:03:53 00060132979TRLO0 LSE
1156 367.50  15:18:52 00060133907TRLO0 LSE
359 367.50  15:18:52 00060133906TRLO0 LSE
636 367.50  15:19:24 00060133927TRLO0 LSE
2159 369.00  15:42:52 00060135650TRLO0 LSE
1692 369.50  15:58:12 00060136250TRLO0 LSE
271 369.50  15:58:18 00060136254TRLO0 LSE
140 369.50  15:58:18 00060136255TRLO0 LSE
941 369.50  16:08:23 00060136722TRLO0 LSE
100 369.50  16:10:37 00060136864TRLO0 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