Redde Northgate Plc - Transaction in Own Shares

PR Newswire

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1 August 2022

REDDE NORTHGATE PLC

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

Transaction in Own Shares

Redde Northgate plc (LSE:REDD) announces that on 29 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 :  75,000
Weighted average purchase price paid :  366.5437 pence per share
Highest purchase price paid :  368.5 pence per share
Lowest purchase price paid :  365 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 6,971,189 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 239,120,234, 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 29 July 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
1549 368.50  08:41:38 00060289841TRLO0 LSE
600 368.50  08:41:38 00060289840TRLO0 LSE
2224 367.50  08:41:38 00060289842TRLO0 LSE
2244 368.00  08:51:06 00060290354TRLO0 LSE
2219 368.50  09:05:25 00060291095TRLO0 LSE
326 368.00  09:14:22 00060291482TRLO0 LSE
759 368.00  09:15:30 00060291568TRLO0 LSE
413 368.00  09:15:30 00060291569TRLO0 LSE
382 368.00  09:20:14 00060291847TRLO0 LSE
932 368.00  09:20:14 00060291848TRLO0 LSE
1757 368.00  09:20:14 00060291849TRLO0 LSE
1400 367.00  09:31:54 00060292388TRLO0 LSE
459 367.00  09:31:54 00060292389TRLO0 LSE
1836 367.00  10:01:31 00060293817TRLO0 LSE
528 367.00  10:01:31 00060293818TRLO0 LSE
757 367.00  10:01:31 00060293819TRLO0 LSE
1376 367.00  10:01:31 00060293820TRLO0 LSE
1091 366.00  10:02:00 00060293828TRLO0 LSE
1824 367.00  10:45:57 00060296138TRLO0 LSE
212 367.00  10:58:58 00060296871TRLO0 LSE
2060 367.00  11:11:19 00060297143TRLO0 LSE
977 367.00  11:11:19 00060297144TRLO0 LSE
487 367.00  11:11:19 00060297145TRLO0 LSE
931 366.00  11:11:22 00060297148TRLO0 LSE
1280 366.00  11:11:22 00060297149TRLO0 LSE
2017 366.00  12:05:07 00060299534TRLO0 LSE
2212 366.00  12:05:07 00060299535TRLO0 LSE
465 366.00  12:48:07 00060301026TRLO0 LSE
1709 366.00  12:48:07 00060301027TRLO0 LSE
1915 365.50  12:54:42 00060301310TRLO0 LSE
2187 365.00  12:54:42 00060301311TRLO0 LSE
1381 365.50  13:18:15 00060302385TRLO0 LSE
89 365.50  13:18:15 00060302386TRLO0 LSE
537 365.50  13:18:15 00060302387TRLO0 LSE
578 366.00  13:18:15 00060302388TRLO0 LSE
133 366.00  13:18:15 00060302389TRLO0 LSE
472 365.00  13:34:37 00060303172TRLO0 LSE
1382 365.00  13:34:37 00060303173TRLO0 LSE
1437 365.50  14:04:00 00060304584TRLO0 LSE
722 365.50  14:04:00 00060304585TRLO0 LSE
1589 365.00  14:18:41 00060305390TRLO0 LSE
498 365.00  14:18:41 00060305391TRLO0 LSE
34 365.00  14:18:41 00060305392TRLO0 LSE
142 365.00  14:18:41 00060305393TRLO0 LSE
5 365.00  14:18:41 00060305394TRLO0 LSE
1200 365.50  14:32:55 00060306281TRLO0 LSE
816 365.50  14:32:55 00060306282TRLO0 LSE
1007 365.50  14:40:55 00060306795TRLO0 LSE
950 365.50  14:40:55 00060306796TRLO0 LSE
2236 365.50  14:47:05 00060307253TRLO0 LSE
245 365.50  15:00:59 00060307932TRLO0 LSE
461 365.50  15:00:59 00060307933TRLO0 LSE
600 365.50  15:00:59 00060307934TRLO0 LSE
902 365.50  15:00:59 00060307935TRLO0 LSE
2008 366.50  15:13:35 00060308737TRLO0 LSE
41 366.50  15:13:35 00060308738TRLO0 LSE
2231 366.50  15:19:35 00060309098TRLO0 LSE
1942 366.00  15:23:33 00060309370TRLO0 LSE
1839 366.00  15:35:04 00060310153TRLO0 LSE
553 366.50  15:42:45 00060310752TRLO0 LSE
229 366.50  15:42:45 00060310753TRLO0 LSE
535 366.50  15:42:45 00060310754TRLO0 LSE
594 366.50  15:42:45 00060310755TRLO0 LSE
29 366.50  15:42:45 00060310756TRLO0 LSE
159 366.50  15:42:45 00060310757TRLO0 LSE
1344 366.50  15:43:15 00060310792TRLO0 LSE
600 368.00  15:56:53 00060311951TRLO0 LSE
1325 368.00  15:56:53 00060311952TRLO0 LSE
2055 367.50  15:59:59 00060312195TRLO0 LSE
159 367.50  16:07:15 00060312711TRLO0 LSE
484 367.50  16:07:15 00060312712TRLO0 LSE
901 367.50  16:07:15 00060312713TRLO0 LSE
536 367.00  16:08:38 00060312776TRLO0 LSE
892 367.00  16:16:03 00060313263TRLO0 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                                          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