Redde Northgate Plc - Transaction in Own Shares

PR Newswire

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10 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 9 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 :  93,985
Weighted average purchase price paid :  375.6636 pence per share
Highest purchase price paid :  376.5 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 7,518,295 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 238,573,128, 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 9 August 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
2321 376.00  08:43:11 00060448834TRLO0 LSE
553 376.00  09:38:42 00060450312TRLO0 LSE
1373 376.00  09:52:26 00060450699TRLO0 LSE
1510 376.00  09:52:26 00060450700TRLO0 LSE
192 376.00  09:52:26 00060450707TRLO0 LSE
427 376.00  09:53:46 00060450749TRLO0 LSE
24 376.00  09:53:46 00060450750TRLO0 LSE
691 376.50  10:17:57 00060451342TRLO0 LSE
700 376.50  10:17:57 00060451343TRLO0 LSE
583 376.50  10:17:57 00060451344TRLO0 LSE
206 376.00  10:49:45 00060452380TRLO0 LSE
534 376.00  11:13:48 00060453104TRLO0 LSE
1175 376.00  11:28:16 00060453509TRLO0 LSE
2348 376.00  11:28:16 00060453510TRLO0 LSE
112 375.00  11:28:20 00060453512TRLO0 LSE
199 375.00  11:28:21 00060453513TRLO0 LSE
666 375.00  11:28:21 00060453514TRLO0 LSE
161 375.00  11:28:21 00060453515TRLO0 LSE
863 375.00  11:28:24 00060453516TRLO0 LSE
224 375.00  11:28:24 00060453517TRLO0 LSE
532 374.50  13:07:46 00060456216TRLO0 LSE
35000 375.50  13:15:42 00060456481TRLO0 LSE
4 376.50  13:16:28 00060456518TRLO0 LSE
4 376.50  13:16:28 00060456519TRLO0 LSE
2062 376.50  13:17:10 00060456538TRLO0 LSE
700 376.50  13:19:10 00060456568TRLO0 LSE
1632 376.50  13:19:10 00060456569TRLO0 LSE
1874 376.50  13:50:33 00060457347TRLO0 LSE
136 376.50  13:50:33 00060457348TRLO0 LSE
2010 376.00  13:56:25 00060457496TRLO0 LSE
2045 376.00  13:56:25 00060457497TRLO0 LSE
198 375.50  14:29:58 00060458495TRLO0 LSE
540 375.50  14:33:19 00060458820TRLO0 LSE
374 375.50  14:33:19 00060458821TRLO0 LSE
78 375.50  14:33:19 00060458822TRLO0 LSE
380 375.50  14:33:19 00060458823TRLO0 LSE
521 375.50  14:37:07 00060458985TRLO0 LSE
259 376.00  14:40:49 00060459130TRLO0 LSE
537 376.00  14:45:58 00060459354TRLO0 LSE
1392 376.00  14:51:19 00060459696TRLO0 LSE
758 376.00  14:51:19 00060459697TRLO0 LSE
82 376.00  14:51:19 00060459698TRLO0 LSE
503 376.00  14:51:21 00060459699TRLO0 LSE
719 376.00  14:51:21 00060459700TRLO0 LSE
1908 376.00  14:51:21 00060459701TRLO0 LSE
473 376.00  14:51:21 00060459702TRLO0 LSE
584 376.00  14:51:21 00060459703TRLO0 LSE
70 376.00  14:51:21 00060459704TRLO0 LSE
480 376.00  14:51:21 00060459705TRLO0 LSE
1166 376.00  14:51:21 00060459706TRLO0 LSE
913 376.00  14:52:21 00060459755TRLO0 LSE
24 376.00  14:52:21 00060459756TRLO0 LSE
218 376.00  14:52:21 00060459757TRLO0 LSE
932 376.00  14:55:37 00060459921TRLO0 LSE
456 376.00  14:55:37 00060459922TRLO0 LSE
3 375.50  15:05:51 00060460472TRLO0 LSE
4 375.50  15:06:13 00060460519TRLO0 LSE
1278 375.50  15:13:46 00060461080TRLO0 LSE
697 375.50  15:13:46 00060461081TRLO0 LSE
1403 375.50  15:13:46 00060461082TRLO0 LSE
700 375.50  15:13:46 00060461083TRLO0 LSE
109 375.50  15:13:46 00060461084TRLO0 LSE
56 375.50  15:13:46 00060461085TRLO0 LSE
1964 375.50  15:17:14 00060461413TRLO0 LSE
130 375.50  15:17:14 00060461414TRLO0 LSE
165 375.50  15:25:55 00060461952TRLO0 LSE
550 375.50  15:33:58 00060462305TRLO0 LSE
1603 375.50  15:42:44 00060462738TRLO0 LSE
1997 375.50  15:42:44 00060462739TRLO0 LSE
641 375.50  15:42:44 00060462740TRLO0 LSE
980 375.50  15:42:45 00060462741TRLO0 LSE
435 375.50  15:45:45 00060462886TRLO0 LSE
898 375.50  15:45:45 00060462887TRLO0 LSE
640 375.50  15:45:45 00060462888TRLO0 LSE
386 376.00  15:50:03 00060463074TRLO0 LSE
884 376.00  15:50:03 00060463075TRLO0 LSE
1986 375.00  16:01:03 00060463861TRLO0 LSE
2050 373.50  16:06:24 00060464192TRLO0 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