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

12 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 11 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 :  50,000
Weighted average purchase price paid :  393.8603 pence per share
Highest purchase price paid :  396 pence per share
Lowest purchase price paid :  389.5 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 7,613,150 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 238,478,273, 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 11 August 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
1001 391.50  08:21:27 00060485980TRLO0 LSE
2262 391.50  08:27:27 00060486078TRLO0 LSE
205 391.50  08:27:27 00060486077TRLO0 LSE
700 391.50  08:27:27 00060486076TRLO0 LSE
225 391.00  08:31:06 00060486184TRLO0 LSE
1904 391.00  08:31:06 00060486183TRLO0 LSE
1699 395.00  09:00:45 00060487023TRLO0 LSE
277 395.00  09:00:45 00060487022TRLO0 LSE
487 395.00  09:00:48 00060487024TRLO0 LSE
519 395.00  09:00:48 00060487025TRLO0 LSE
585 394.50  09:02:24 00060487040TRLO0 LSE
1818 394.50  09:02:24 00060487039TRLO0 LSE
423 395.50  09:41:16 00060488274TRLO0 LSE
334 395.50  09:41:16 00060488273TRLO0 LSE
1916 396.00  09:51:22 00060488843TRLO0 LSE
142 396.00  09:51:22 00060488842TRLO0 LSE
1900 396.00  09:51:22 00060488841TRLO0 LSE
2255 395.50  09:51:22 00060488844TRLO0 LSE
614 396.00  09:51:22 00060488845TRLO0 LSE
1662 395.00  09:53:45 00060488954TRLO0 LSE
323 395.00  09:53:45 00060488953TRLO0 LSE
186 395.00  10:16:28 00060489913TRLO0 LSE
999 395.00  10:16:28 00060489912TRLO0 LSE
832 395.00  10:16:28 00060489911TRLO0 LSE
2243 395.50  10:47:04 00060490812TRLO0 LSE
401 395.50  11:01:35 00060491165TRLO0 LSE
1732 395.50  11:01:35 00060491164TRLO0 LSE
2028 394.50  12:37:51 00060492771TRLO0 LSE
472 395.00  13:16:48 00060493392TRLO0 LSE
814 395.00  13:16:48 00060493391TRLO0 LSE
1711 394.50  13:25:59 00060493587TRLO0 LSE
331 394.50  13:25:59 00060493586TRLO0 LSE
2326 395.00  14:01:17 00060494305TRLO0 LSE
606 395.00  14:34:18 00060495074TRLO0 LSE
1400 395.00  14:34:18 00060495073TRLO0 LSE
86 395.00  14:34:18 00060495072TRLO0 LSE
1402 394.50  14:35:03 00060495134TRLO0 LSE
530 394.50  14:35:03 00060495133TRLO0 LSE
348 394.00  14:37:07 00060495429TRLO0 LSE
1006 394.00  14:37:09 00060495434TRLO0 LSE
597 394.00  14:37:37 00060495459TRLO0 LSE
121 394.00  14:37:37 00060495458TRLO0 LSE
167 391.50  15:00:07 00060496938TRLO0 LSE
511 391.50  15:00:07 00060496940TRLO0 LSE
1400 391.50  15:00:07 00060496939TRLO0 LSE
635 389.50  15:42:37 00060500580TRLO0 LSE
1393 389.50  15:42:37 00060500579TRLO0 LSE
714 391.50  15:58:13 00060501313TRLO0 LSE
1226 391.50  15:58:13 00060501312TRLO0 LSE
1397 391.00  15:59:55 00060501390TRLO0 LSE
75 391.00  15:59:55 00060501389TRLO0 LSE
667 390.50  16:04:28 00060501588TRLO0 LSE
187 390.50  16:04:28 00060501587TRLO0 LSE
206 390.50  16:04:28 00060501586TRLO0 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