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

6 September 2022

REDDE NORTHGATE PLC

(“Redde Northgate” or the “Group” or the “Company”)

Transaction in Own Shares

Redde Northgate plc (LSE:REDD) announces that on 5 September 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 :  110,000
Weighted average purchase price paid :  319.1094 pence per share
Highest purchase price paid :  321 pence per share
Lowest purchase price paid :  316 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 9,384,281 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 236,707,142, 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 5 September 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
1917 317.50  08:16:41 00060833760TRLO0 LSE
1776 320.00  08:35:50 00060834187TRLO0 LSE
1699 320.50  08:39:25 00060834336TRLO0 LSE
1907 320.50  08:39:25 00060834337TRLO0 LSE
1568 320.00  08:44:38 00060834432TRLO0 LSE
1905 319.50  08:54:00 00060834672TRLO0 LSE
1574 318.50  09:05:42 00060834934TRLO0 LSE
1989 317.50  09:05:43 00060834935TRLO0 LSE
1706 317.00  09:07:14 00060834975TRLO0 LSE
226 316.00  09:14:27 00060835119TRLO0 LSE
900 316.00  09:14:27 00060835120TRLO0 LSE
534 316.00  09:14:27 00060835121TRLO0 LSE
1434 316.00  09:14:27 00060835122TRLO0 LSE
358 316.00  09:14:27 00060835123TRLO0 LSE
1634 316.00  09:24:25 00060835344TRLO0 LSE
1826 317.00  09:43:58 00060835985TRLO0 LSE
382 318.50  09:55:47 00060836320TRLO0 LSE
360 318.50  09:55:47 00060836321TRLO0 LSE
1743 318.00  09:56:40 00060836333TRLO0 LSE
788 318.00  09:56:40 00060836336TRLO0 LSE
380 318.00  09:56:40 00060836337TRLO0 LSE
1752 318.50  10:19:02 00060836823TRLO0 LSE
1603 318.00  10:23:31 00060836919TRLO0 LSE
492 318.00  10:23:31 00060836920TRLO0 LSE
1683 318.50  10:54:50 00060837940TRLO0 LSE
662 318.00  10:54:50 00060837941TRLO0 LSE
1515 318.00  10:54:50 00060837942TRLO0 LSE
320 318.00  10:54:50 00060837943TRLO0 LSE
1290 318.00  10:54:50 00060837944TRLO0 LSE
1122 318.00  10:54:50 00060837945TRLO0 LSE
278 317.50  10:55:46 00060837964TRLO0 LSE
900 319.00  11:33:46 00060838939TRLO0 LSE
761 319.00  11:33:46 00060838940TRLO0 LSE
338 318.50  11:33:48 00060838941TRLO0 LSE
1755 318.50  11:33:48 00060838942TRLO0 LSE
1641 318.00  11:38:54 00060839060TRLO0 LSE
1955 318.50  12:02:13 00060839565TRLO0 LSE
479 318.50  12:10:42 00060839769TRLO0 LSE
900 319.50  12:13:23 00060839864TRLO0 LSE
900 319.50  12:13:23 00060839865TRLO0 LSE
573 319.50  12:13:23 00060839866TRLO0 LSE
1780 319.50  12:14:20 00060839913TRLO0 LSE
1880 319.50  12:16:10 00060839985TRLO0 LSE
696 319.50  12:16:10 00060839988TRLO0 LSE
1788 321.00  12:37:40 00060840636TRLO0 LSE
832 321.00  12:37:40 00060840637TRLO0 LSE
576 321.00  12:37:40 00060840638TRLO0 LSE
731 320.50  12:38:12 00060840665TRLO0 LSE
900 320.50  12:38:12 00060840666TRLO0 LSE
164 320.50  12:38:12 00060840667TRLO0 LSE
1921 320.50  12:51:18 00060840916TRLO0 LSE
1503 320.50  12:55:13 00060840989TRLO0 LSE
115 320.50  12:55:13 00060840990TRLO0 LSE
1752 320.00  13:08:31 00060841257TRLO0 LSE
899 319.50  13:15:21 00060841459TRLO0 LSE
697 319.50  13:15:21 00060841460TRLO0 LSE
1682 319.00  13:35:15 00060841881TRLO0 LSE
288 320.00  13:55:09 00060842543TRLO0 LSE
1483 320.00  13:55:09 00060842544TRLO0 LSE
1889 319.50  13:58:44 00060842697TRLO0 LSE
188 319.50  13:58:44 00060842698TRLO0 LSE
1608 319.00  14:05:15 00060842945TRLO0 LSE
1580 319.50  14:26:22 00060843930TRLO0 LSE
325 319.00  14:31:21 00060844140TRLO0 LSE
900 319.00  14:43:31 00060844603TRLO0 LSE
841 319.00  14:43:31 00060844604TRLO0 LSE
1564 319.00  14:43:31 00060844605TRLO0 LSE
1729 320.00  14:56:27 00060845136TRLO0 LSE
4 320.50  14:56:27 00060845137TRLO0 LSE
332 320.50  14:56:27 00060845138TRLO0 LSE
435 320.50  14:56:27 00060845139TRLO0 LSE
502 320.50  14:56:27 00060845140TRLO0 LSE
782 319.50  14:59:30 00060845289TRLO0 LSE
699 319.50  15:04:10 00060845465TRLO0 LSE
239 319.50  15:04:10 00060845466TRLO0 LSE
661 319.50  15:04:10 00060845467TRLO0 LSE
373 319.50  15:04:10 00060845468TRLO0 LSE
517 319.50  15:04:10 00060845469TRLO0 LSE
1109 319.50  15:18:45 00060846056TRLO0 LSE
553 319.50  15:18:45 00060846057TRLO0 LSE
4 319.50  15:22:45 00060846273TRLO0 LSE
1616 319.50  15:22:46 00060846274TRLO0 LSE
388 319.50  15:22:46 00060846275TRLO0 LSE
137 319.50  15:24:43 00060846343TRLO0 LSE
1613 319.50  15:24:43 00060846344TRLO0 LSE
856 319.50  15:29:28 00060846510TRLO0 LSE
145 319.50  15:30:28 00060846549TRLO0 LSE
5 319.50  15:31:28 00060846567TRLO0 LSE
136 319.50  15:31:28 00060846568TRLO0 LSE
781 320.00  15:35:37 00060846727TRLO0 LSE
297 320.00  15:35:37 00060846728TRLO0 LSE
529 320.00  15:35:37 00060846729TRLO0 LSE
523 320.00  15:40:46 00060846929TRLO0 LSE
781 320.00  15:40:46 00060846930TRLO0 LSE
307 320.00  15:41:02 00060846939TRLO0 LSE
1697 320.00  15:44:02 00060847093TRLO0 LSE
877 319.50  15:45:35 00060847125TRLO0 LSE
720 319.50  15:45:35 00060847126TRLO0 LSE
545 319.50  15:45:35 00060847127TRLO0 LSE
7 319.50  15:48:23 00060847229TRLO0 LSE
834 319.50  15:48:23 00060847230TRLO0 LSE
199 319.50  15:48:23 00060847231TRLO0 LSE
11 319.50  15:50:23 00060847317TRLO0 LSE
663 319.50  15:50:23 00060847318TRLO0 LSE
837 319.50  15:50:43 00060847331TRLO0 LSE
311 319.50  15:53:43 00060847508TRLO0 LSE
6 319.50  15:54:43 00060847545TRLO0 LSE
218 319.50  15:54:43 00060847546TRLO0 LSE
234 319.50  15:55:53 00060847579TRLO0 LSE
833 319.50  15:56:08 00060847596TRLO0 LSE
8 319.50  15:57:53 00060847687TRLO0 LSE
91 319.00  16:01:02 00060847887TRLO0 LSE
5 319.50  16:03:15 00060847995TRLO0 LSE
52 319.50  16:03:15 00060847996TRLO0 LSE
1287 319.50  16:05:16 00060848128TRLO0 LSE
285 320.00  16:07:57 00060848329TRLO0 LSE
398 320.00  16:07:57 00060848330TRLO0 LSE
410 320.00  16:07:57 00060848331TRLO0 LSE
219 320.00  16:07:57 00060848332TRLO0 LSE
3 319.50  16:08:43 00060848389TRLO0 LSE
1800 319.50  16:10:43 00060848498TRLO0 LSE
94 319.50  16:10:43 00060848499TRLO0 LSE
27 319.50  16:10:43 00060848500TRLO0 LSE
20 319.50  16:10:43 00060848501TRLO0 LSE
42 319.50  16:10:47 00060848509TRLO0 LSE
341 319.50  16:10:47 00060848510TRLO0 LSE
390 319.50  16:10:47 00060848511TRLO0 LSE
6 319.50  16:13:26 00060848752TRLO0 LSE
900 319.50  16:14:26 00060848783TRLO0 LSE
23 319.50  16:14:28 00060848785TRLO0 LSE
151 319.50  16:14:28 00060848786TRLO0 LSE
7 319.50  16:14:39 00060848793TRLO0 LSE
144 319.50  16:15:21 00060848819TRLO0 LSE
8 319.50  16:15:31 00060848825TRLO0 LSE
23 319.50  16:16:51 00060848863TRLO0 LSE
660 320.00  16:18:41 00060848928TRLO0 LSE
244 320.00  16:18:41 00060848929TRLO0 LSE
1124 320.00  16:18:41 00060848930TRLO0 LSE
1086 320.00  16:20:03 00060848974TRLO0 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