Redde Northgate Plc - Transaction in Own Shares

PR Newswire

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

11 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 10 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 :  44,855
Weighted average purchase price paid :  381.7406 pence per share
Highest purchase price paid :  383.5 pence per share
Lowest purchase price paid :  378.5 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 7,563,150 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 238,528,273, 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 10 August 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
2041 379.00  08:37:55 00060466910TRLO0 LSE
1916 379.00  08:37:55 00060466911TRLO0 LSE
2223 378.50  08:37:55 00060466912TRLO0 LSE
2299 381.00  08:51:11 00060467080TRLO0 LSE
2109 381.00  08:53:57 00060467131TRLO0 LSE
81 381.00  08:54:19 00060467141TRLO0 LSE
2145 381.00  09:42:08 00060468386TRLO0 LSE
1849 381.00  09:42:08 00060468388TRLO0 LSE
252 381.00  09:42:08 00060468387TRLO0 LSE
2345 381.50  09:45:01 00060468447TRLO0 LSE
108 381.00  10:01:45 00060468748TRLO0 LSE
1401 381.50  10:04:10 00060468812TRLO0 LSE
1651 381.50  10:04:10 00060468811TRLO0 LSE
146 381.50  10:04:10 00060468813TRLO0 LSE
327 383.50  10:28:36 00060469365TRLO0 LSE
375 383.50  10:28:36 00060469364TRLO0 LSE
434 383.50  10:28:36 00060469363TRLO0 LSE
2108 383.50  10:42:16 00060469746TRLO0 LSE
126 383.00  10:46:02 00060469854TRLO0 LSE
1892 383.00  10:46:02 00060469855TRLO0 LSE
2393 382.50  10:46:02 00060469856TRLO0 LSE
500 383.00  10:46:02 00060469858TRLO0 LSE
573 383.00  10:46:02 00060469857TRLO0 LSE
252 383.50  11:09:05 00060470385TRLO0 LSE
220 383.50  11:09:05 00060470384TRLO0 LSE
35 382.50  11:13:40 00060470520TRLO0 LSE
2164 382.50  11:13:40 00060470519TRLO0 LSE
1300 382.50  11:48:06 00060471270TRLO0 LSE
615 382.50  11:48:06 00060471271TRLO0 LSE
995 382.50  11:48:06 00060471272TRLO0 LSE
1105 382.50  11:48:06 00060471274TRLO0 LSE
2578 382.50  11:48:06 00060471273TRLO0 LSE
572 382.50  11:51:01 00060471341TRLO0 LSE
667 382.50  11:57:02 00060471477TRLO0 LSE
62 382.50  12:17:39 00060471885TRLO0 LSE
413 382.50  12:17:39 00060471884TRLO0 LSE
669 382.50  12:17:39 00060471883TRLO0 LSE
259 382.50  12:17:39 00060471882TRLO0 LSE
29 382.50  12:17:39 00060471881TRLO0 LSE
470 382.50  12:17:39 00060471880TRLO0 LSE
397 382.50  12:17:39 00060471879TRLO0 LSE
15 382.50  12:17:39 00060471878TRLO0 LSE
518 382.50  12:33:42 00060472271TRLO0 LSE
445 383.50  12:47:53 00060472911TRLO0 LSE
1781 383.50  12:47:53 00060472910TRLO0 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/Hannah Ratcliff                                     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