Redde Northgate Plc - Transaction in Own Shares

PR Newswire

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2 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 1 August 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 :  60,000
Weighted average purchase price paid :  366.279 pence per share
Highest purchase price paid :  368.5 pence per share
Lowest purchase price paid :  363.5 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 7,031,189 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 239,060,234, 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 1 August 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
270 367.50  08:16:54 00060315558TRLO0 LSE
184 367.50  08:16:54 00060315559TRLO0 LSE
1901 367.50  08:42:02 00060316407TRLO0 LSE
1932 367.50  08:42:02 00060316408TRLO0 LSE
992 368.00  08:57:23 00060316990TRLO0 LSE
943 368.00  08:57:23 00060316991TRLO0 LSE
3562 368.00  08:57:23 00060316992TRLO0 LSE
1861 367.50  11:26:17 00060323611TRLO0 LSE
143 368.50  13:08:56 00060326820TRLO0 LSE
171 368.50  13:08:56 00060326821TRLO0 LSE
400 368.50  13:08:56 00060326822TRLO0 LSE
2258 368.50  13:08:56 00060326823TRLO0 LSE
171 368.50  13:08:56 00060326824TRLO0 LSE
143 368.50  13:08:56 00060326825TRLO0 LSE
400 368.50  13:08:56 00060326826TRLO0 LSE
171 368.50  13:08:56 00060326827TRLO0 LSE
143 368.50  13:08:56 00060326828TRLO0 LSE
151 368.50  13:08:56 00060326829TRLO0 LSE
339 368.50  13:19:30 00060327144TRLO0 LSE
1824 368.50  13:19:30 00060327145TRLO0 LSE
1074 368.00  13:19:45 00060327156TRLO0 LSE
600 368.00  13:19:45 00060327157TRLO0 LSE
920 368.00  13:19:45 00060327158TRLO0 LSE
3091 368.00  13:19:45 00060327159TRLO0 LSE
527 368.00  13:19:45 00060327160TRLO0 LSE
171 368.00  13:19:45 00060327161TRLO0 LSE
206 368.00  13:19:45 00060327162TRLO0 LSE
339 368.00  13:19:45 00060327163TRLO0 LSE
2217 366.50  13:59:29 00060328600TRLO0 LSE
2720 366.00  14:02:01 00060328792TRLO0 LSE
1991 365.50  14:30:55 00060330412TRLO0 LSE
2461 365.00  14:30:55 00060330413TRLO0 LSE
17 364.50  14:33:31 00060330703TRLO0 LSE
895 364.50  14:33:31 00060330704TRLO0 LSE
394 364.50  14:35:01 00060330782TRLO0 LSE
207 364.50  14:35:01 00060330783TRLO0 LSE
1504 363.50  14:57:16 00060332285TRLO0 LSE
499 363.50  14:57:16 00060332286TRLO0 LSE
1854 363.50  14:57:16 00060332287TRLO0 LSE
1865 363.50  14:57:16 00060332288TRLO0 LSE
395 363.50  14:57:16 00060332289TRLO0 LSE
221 365.50  15:11:52 00060333254TRLO0 LSE
210 365.50  15:11:52 00060333255TRLO0 LSE
1915 365.50  15:15:18 00060333589TRLO0 LSE
1819 365.50  15:15:18 00060333590TRLO0 LSE
1996 365.00  15:17:30 00060333753TRLO0 LSE
691 365.00  15:17:30 00060333754TRLO0 LSE
600 364.50  15:28:25 00060334386TRLO0 LSE
1056 364.50  15:28:25 00060334387TRLO0 LSE
386 364.50  15:28:25 00060334388TRLO0 LSE
392 364.00  15:35:11 00060335653TRLO0 LSE
1186 364.00  15:35:11 00060335654TRLO0 LSE
367 364.00  15:35:11 00060335655TRLO0 LSE
579 365.50  15:46:06 00060336904TRLO0 LSE
1578 365.50  15:46:06 00060336905TRLO0 LSE
2057 366.00  16:03:04 00060339081TRLO0 LSE
2226 366.00  16:04:04 00060339152TRLO0 LSE
815 365.50  16:12:26 00060340163TRLO0 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