Redde Northgate Plc - Transaction in Own Shares

PR Newswire

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9 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 8 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 :  374.6974 pence per share
Highest purchase price paid :  377 pence per share
Lowest purchase price paid :  372 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 7,424,310 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 238,667,113, 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 8 August 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
343 373.50  08:38:30 00060432215TRLO0 LSE
1787 373.50  08:38:30 00060432216TRLO0 LSE
895 374.00  09:09:40 00060432622TRLO0 LSE
1134 374.00  09:09:40 00060432623TRLO0 LSE
1444 373.50  09:14:07 00060432715TRLO0 LSE
768 373.50  09:14:07 00060432716TRLO0 LSE
155 373.00  09:50:25 00060433581TRLO0 LSE
261 373.00  09:50:25 00060433582TRLO0 LSE
248 373.00  10:03:25 00060433908TRLO0 LSE
539 373.00  10:07:19 00060434028TRLO0 LSE
700 373.00  10:24:23 00060434379TRLO0 LSE
120 373.00  10:24:23 00060434380TRLO0 LSE
77 372.50  10:59:28 00060435016TRLO0 LSE
561 372.50  11:30:55 00060435532TRLO0 LSE
506 372.50  11:45:13 00060435818TRLO0 LSE
142 372.50  11:56:47 00060436020TRLO0 LSE
232 372.50  11:59:42 00060436072TRLO0 LSE
457 372.50  12:12:07 00060436315TRLO0 LSE
197 372.50  12:59:34 00060437387TRLO0 LSE
529 372.50  13:14:34 00060437681TRLO0 LSE
120 372.50  13:15:05 00060437723TRLO0 LSE
73 372.50  13:15:29 00060437733TRLO0 LSE
1532 372.50  13:24:30 00060438003TRLO0 LSE
123 372.50  13:24:30 00060438004TRLO0 LSE
530 372.50  13:25:52 00060438077TRLO0 LSE
767 372.50  13:26:27 00060438090TRLO0 LSE
753 372.50  13:26:27 00060438091TRLO0 LSE
255 372.00  14:16:52 00060439567TRLO0 LSE
554 372.00  14:18:49 00060439628TRLO0 LSE
564 372.00  14:30:22 00060440136TRLO0 LSE
566 372.00  14:34:28 00060440588TRLO0 LSE
463 373.00  14:35:04 00060440620TRLO0 LSE
614 373.00  14:35:04 00060440621TRLO0 LSE
466 373.00  14:35:04 00060440622TRLO0 LSE
223 373.00  14:35:04 00060440623TRLO0 LSE
2800 373.00  14:35:04 00060440624TRLO0 LSE
700 373.00  14:35:04 00060440625TRLO0 LSE
4000 373.00  14:35:04 00060440626TRLO0 LSE
1400 373.00  14:35:04 00060440627TRLO0 LSE
700 373.00  14:35:04 00060440628TRLO0 LSE
664 373.50  14:55:12 00060441710TRLO0 LSE
487 373.50  14:55:12 00060441711TRLO0 LSE
572 373.50  14:55:12 00060441712TRLO0 LSE
160 373.50  14:55:12 00060441713TRLO0 LSE
620 374.50  15:05:53 00060442161TRLO0 LSE
4 377.00  15:11:21 00060442528TRLO0 LSE
3700 377.00  15:11:22 00060442529TRLO0 LSE
3890 377.00  15:11:22 00060442530TRLO0 LSE
2210 376.50  15:12:33 00060442556TRLO0 LSE
599 376.50  15:16:23 00060442741TRLO0 LSE
599 376.50  15:16:23 00060442742TRLO0 LSE
1028 376.50  15:16:23 00060442743TRLO0 LSE
680 376.50  15:16:23 00060442744TRLO0 LSE
375 376.50  15:16:23 00060442745TRLO0 LSE
208 376.50  15:28:23 00060443345TRLO0 LSE
756 376.50  15:28:23 00060443346TRLO0 LSE
976 376.50  15:28:23 00060443347TRLO0 LSE
499 376.50  15:28:23 00060443348TRLO0 LSE
270 376.00  15:42:31 00060443906TRLO0 LSE
1810 376.00  15:46:05 00060444101TRLO0 LSE
1964 376.00  15:46:05 00060444102TRLO0 LSE
2312 375.50  15:48:48 00060444201TRLO0 LSE
433 375.00  16:00:40 00060444610TRLO0 LSE
920 376.50  16:16:03 00060445322TRLO0 LSE
1088 376.50  16:16:03 00060445323TRLO0 LSE
1712 376.50  16:16:03 00060445324TRLO0 LSE
289 376.50  16:16:03 00060445325TRLO0 LSE
1041 376.50  16:16:03 00060445326TRLO0 LSE
396 376.50  16:16:03 00060445327TRLO0 LSE
530 376.50  16:16:03 00060445328TRLO0 LSE
465 376.50  16:16:04 00060445329TRLO0 LSE
116 376.50  16:16:04 00060445330TRLO0 LSE
213 376.50  16:16:04 00060445331TRLO0 LSE
116 376.50  16:16:04 00060445332TRLO0 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