Redde Northgate Plc - Transaction in Own Shares

PR Newswire

25 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 22 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 :  377.4657 pence per share
Highest purchase price paid :  379.5 pence per share
Lowest purchase price paid :  373.5 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 6,566,189 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 239,525,234, 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 22 July 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
1976 375.50  08:29:25 00060171362TRLO0 LSE
263 375.50  08:29:25 00060171361TRLO0 LSE
1428 375.00  08:30:01 00060171394TRLO0 LSE
700 375.00  08:30:01 00060171393TRLO0 LSE
468 373.50  09:01:19 00060172624TRLO0 LSE
700 374.00  09:01:19 00060172625TRLO0 LSE
1947 375.50  09:20:06 00060173617TRLO0 LSE
345 375.50  09:43:06 00060174680TRLO0 LSE
1556 375.50  09:43:06 00060174681TRLO0 LSE
2186 375.00  09:54:17 00060175311TRLO0 LSE
658 375.00  10:04:00 00060175876TRLO0 LSE
449 375.00  10:24:52 00060177135TRLO0 LSE
1095 375.00  10:26:14 00060177276TRLO0 LSE
700 375.00  10:26:14 00060177275TRLO0 LSE
544 375.50  11:02:47 00060178837TRLO0 LSE
231 378.50  11:22:10 00060179429TRLO0 LSE
82 379.00  11:32:05 00060179733TRLO0 LSE
2065 379.00  11:32:05 00060179734TRLO0 LSE
136 378.50  11:32:26 00060179753TRLO0 LSE
1035 379.00  11:39:09 00060179976TRLO0 LSE
439 379.00  11:39:09 00060179977TRLO0 LSE
234 379.50  11:57:10 00060180692TRLO0 LSE
700 379.50  11:57:10 00060180693TRLO0 LSE
567 379.50  11:57:10 00060180694TRLO0 LSE
2001 379.00  12:26:48 00060181588TRLO0 LSE
700 379.00  12:26:48 00060181590TRLO0 LSE
1014 379.00  12:26:48 00060181589TRLO0 LSE
1881 377.50  12:51:08 00060182795TRLO0 LSE
2277 378.00  13:35:04 00060184797TRLO0 LSE
54 378.00  13:51:39 00060185551TRLO0 LSE
114 378.00  13:57:16 00060185702TRLO0 LSE
163 378.50  14:06:34 00060186157TRLO0 LSE
77 378.50  14:06:34 00060186156TRLO0 LSE
700 378.50  14:06:34 00060186155TRLO0 LSE
700 378.50  14:06:34 00060186154TRLO0 LSE
493 378.50  14:06:34 00060186153TRLO0 LSE
563 378.00  14:15:35 00060186457TRLO0 LSE
538 378.00  14:20:44 00060186664TRLO0 LSE
700 379.50  14:22:20 00060186760TRLO0 LSE
164 379.50  14:22:20 00060186761TRLO0 LSE
700 379.50  14:22:30 00060186769TRLO0 LSE
700 379.50  14:22:45 00060186779TRLO0 LSE
477 379.50  14:25:45 00060186991TRLO0 LSE
700 379.50  14:25:45 00060186992TRLO0 LSE
418 379.00  14:33:31 00060187565TRLO0 LSE
1778 379.00  14:33:31 00060187566TRLO0 LSE
265 378.00  14:56:04 00060189336TRLO0 LSE
1892 378.00  14:56:04 00060189335TRLO0 LSE
589 377.00  15:06:18 00060190079TRLO0 LSE
1312 377.00  15:06:18 00060190078TRLO0 LSE
416 378.00  15:18:40 00060190768TRLO0 LSE
479 378.00  15:18:40 00060190767TRLO0 LSE
513 378.00  15:18:40 00060190766TRLO0 LSE
476 378.00  15:18:40 00060190765TRLO0 LSE
2231 378.00  15:36:10 00060191744TRLO0 LSE
700 379.00  15:53:29 00060192776TRLO0 LSE
503 379.00  15:53:29 00060192775TRLO0 LSE
464 379.00  15:53:29 00060192774TRLO0 LSE
142 377.50  15:59:51 00060193144TRLO0 LSE
689 377.50  15:59:51 00060193143TRLO0 LSE
382 377.50  15:59:51 00060193142TRLO0 LSE
20 378.00  16:16:22 00060194429TRLO0 LSE
427 378.00  16:16:22 00060194430TRLO0 LSE
514 378.00  16:16:23 00060194431TRLO0 LSE
570 378.00  16:16:25 00060194433TRLO0 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