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

7 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 6 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 :  321.6864 pence per share
Highest purchase price paid :  325.5 pence per share
Lowest purchase price paid :  317.5 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 9,494,281 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 236,597,142, 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 6 September 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
294 324.00  08:11:51 00060850538TRLO0 LSE
82 324.00  08:12:29 00060850565TRLO0 LSE
82 324.00  08:12:36 00060850567TRLO0 LSE
55 324.00  08:12:42 00060850573TRLO0 LSE
547 324.00  08:12:52 00060850576TRLO0 LSE
328 324.00  08:12:56 00060850580TRLO0 LSE
82 324.00  08:13:08 00060850595TRLO0 LSE
82 324.00  08:13:14 00060850603TRLO0 LSE
327 324.00  08:13:34 00060850625TRLO0 LSE
547 323.50  08:14:53 00060850675TRLO0 LSE
851 323.50  08:14:53 00060850676TRLO0 LSE
484 323.50  08:14:53 00060850677TRLO0 LSE
1885 323.00  08:17:48 00060850804TRLO0 LSE
64 322.50  08:18:18 00060850855TRLO0 LSE
1683 324.50  08:20:18 00060850953TRLO0 LSE
164 325.50  08:23:24 00060851099TRLO0 LSE
1614 325.50  08:23:24 00060851100TRLO0 LSE
1388 325.50  08:23:24 00060851101TRLO0 LSE
2085 324.50  08:23:47 00060851134TRLO0 LSE
168 324.00  08:25:49 00060851224TRLO0 LSE
1408 324.00  08:25:49 00060851225TRLO0 LSE
939 323.00  08:25:55 00060851238TRLO0 LSE
683 323.00  08:30:03 00060851436TRLO0 LSE
340 323.00  08:31:27 00060851499TRLO0 LSE
1764 323.00  08:31:27 00060851500TRLO0 LSE
389 323.00  08:31:27 00060851502TRLO0 LSE
1245 323.00  08:31:27 00060851503TRLO0 LSE
1548 322.50  08:34:48 00060851589TRLO0 LSE
1700 322.50  08:42:21 00060851836TRLO0 LSE
328 322.00  08:48:19 00060852141TRLO0 LSE
527 322.00  08:48:19 00060852142TRLO0 LSE
1333 319.50  08:55:15 00060852478TRLO0 LSE
359 319.50  08:55:15 00060852479TRLO0 LSE
1643 319.50  10:12:13 00060854449TRLO0 LSE
1689 317.50  10:12:49 00060854462TRLO0 LSE
1717 318.50  10:55:37 00060856028TRLO0 LSE
2807 318.50  10:55:37 00060856029TRLO0 LSE
1721 320.00  11:54:25 00060858371TRLO0 LSE
517 320.00  11:54:25 00060858372TRLO0 LSE
11 320.00  12:00:28 00060858600TRLO0 LSE
490 320.00  12:10:25 00060858783TRLO0 LSE
2 320.00  12:22:23 00060859019TRLO0 LSE
40 320.50  12:31:10 00060859222TRLO0 LSE
2000 320.50  12:31:10 00060859223TRLO0 LSE
1567 320.50  12:36:38 00060859376TRLO0 LSE
1793 320.50  12:36:38 00060859377TRLO0 LSE
168 322.00  13:00:34 00060859933TRLO0 LSE
282 323.00  13:09:22 00060860155TRLO0 LSE
142 323.50  13:21:01 00060860484TRLO0 LSE
252 323.50  13:21:01 00060860485TRLO0 LSE
179 323.50  13:21:01 00060860486TRLO0 LSE
278 323.50  13:21:01 00060860487TRLO0 LSE
459 323.50  13:21:01 00060860488TRLO0 LSE
511 323.50  13:21:01 00060860489TRLO0 LSE
2020 323.50  13:21:01 00060860490TRLO0 LSE
429 323.50  13:24:16 00060860573TRLO0 LSE
414 323.50  13:27:58 00060860656TRLO0 LSE
116 323.50  13:28:08 00060860657TRLO0 LSE
339 323.50  13:31:18 00060860730TRLO0 LSE
172 323.50  13:31:18 00060860731TRLO0 LSE
164 323.50  13:31:18 00060860732TRLO0 LSE
6 324.00  13:59:41 00060861481TRLO0 LSE
69 324.50  14:00:58 00060861523TRLO0 LSE
156 325.00  14:18:38 00060862084TRLO0 LSE
79 325.00  14:19:30 00060862115TRLO0 LSE
2700 325.00  14:26:00 00060862352TRLO0 LSE
1023 325.00  14:26:00 00060862353TRLO0 LSE
865 325.00  14:26:00 00060862354TRLO0 LSE
819 325.00  14:26:00 00060862355TRLO0 LSE
654 325.00  14:26:00 00060862356TRLO0 LSE
900 325.00  14:26:00 00060862357TRLO0 LSE
145 325.00  14:26:00 00060862358TRLO0 LSE
563 325.00  14:26:00 00060862359TRLO0 LSE
542 325.00  14:26:00 00060862360TRLO0 LSE
733 325.00  14:26:00 00060862361TRLO0 LSE
1211 324.50  14:26:03 00060862363TRLO0 LSE
1030 324.50  14:26:03 00060862364TRLO0 LSE
1731 324.00  14:26:03 00060862370TRLO0 LSE
195 323.50  14:30:00 00060862505TRLO0 LSE
1601 323.50  14:30:00 00060862506TRLO0 LSE
1556 323.00  14:39:56 00060863063TRLO0 LSE
482 322.50  14:39:56 00060863064TRLO0 LSE
900 322.50  14:39:56 00060863065TRLO0 LSE
299 322.50  14:39:56 00060863066TRLO0 LSE
14 321.50  14:40:23 00060863087TRLO0 LSE
489 321.50  14:43:53 00060863209TRLO0 LSE
502 321.50  14:53:11 00060863739TRLO0 LSE
920 321.50  14:53:11 00060863740TRLO0 LSE
1699 321.50  14:53:11 00060863741TRLO0 LSE
1731 321.00  15:01:55 00060864430TRLO0 LSE
1380 321.00  15:01:55 00060864431TRLO0 LSE
447 321.00  15:01:55 00060864432TRLO0 LSE
581 321.00  15:02:58 00060864541TRLO0 LSE
497 321.00  15:07:14 00060864834TRLO0 LSE
843 321.00  15:08:12 00060864876TRLO0 LSE
1668 321.00  15:08:12 00060864877TRLO0 LSE
1619 321.00  15:11:09 00060865086TRLO0 LSE
562 321.00  15:11:09 00060865087TRLO0 LSE
562 321.00  15:11:09 00060865088TRLO0 LSE
167 320.50  15:11:13 00060865095TRLO0 LSE
1065 320.50  15:11:13 00060865096TRLO0 LSE
650 320.50  15:11:13 00060865097TRLO0 LSE
530 319.50  15:20:54 00060866173TRLO0 LSE
1217 319.50  15:20:54 00060866174TRLO0 LSE
111 319.00  15:21:00 00060866176TRLO0 LSE
1694 319.00  15:23:07 00060866269TRLO0 LSE
481 319.00  15:29:04 00060866606TRLO0 LSE
36 319.00  15:29:04 00060866607TRLO0 LSE
33 319.00  15:29:04 00060866608TRLO0 LSE
354 319.00  15:30:48 00060866656TRLO0 LSE
382 319.00  15:34:18 00060866914TRLO0 LSE
146 319.00  15:34:18 00060866915TRLO0 LSE
384 319.00  15:37:10 00060867065TRLO0 LSE
1797 319.50  15:45:33 00060867563TRLO0 LSE
1801 319.50  15:45:33 00060867564TRLO0 LSE
404 319.50  15:45:46 00060867578TRLO0 LSE
407 319.50  15:45:46 00060867579TRLO0 LSE
18 319.50  15:45:46 00060867580TRLO0 LSE
120 319.50  15:45:58 00060867589TRLO0 LSE
32 319.50  15:45:58 00060867590TRLO0 LSE
411 319.50  15:45:58 00060867591TRLO0 LSE
31 319.00  15:45:58 00060867592TRLO0 LSE
924 319.00  15:45:58 00060867593TRLO0 LSE
745 319.00  15:45:58 00060867594TRLO0 LSE
1598 320.00  15:55:48 00060868037TRLO0 LSE
476 320.00  15:56:08 00060868042TRLO0 LSE
380 320.00  15:56:08 00060868043TRLO0 LSE
146 320.00  15:57:08 00060868069TRLO0 LSE
416 320.00  15:57:08 00060868070TRLO0 LSE
769 320.00  16:00:04 00060868292TRLO0 LSE
900 320.00  16:00:04 00060868293TRLO0 LSE
44 320.00  16:00:04 00060868294TRLO0 LSE
1891 320.00  16:04:04 00060868475TRLO0 LSE
500 319.50  16:06:17 00060868572TRLO0 LSE
492 319.50  16:11:38 00060868860TRLO0 LSE
844 320.00  16:13:07 00060868955TRLO0 LSE
497 320.50  16:13:08 00060868957TRLO0 LSE
114 320.50  16:13:08 00060868958TRLO0 LSE
704 320.50  16:13:08 00060868959TRLO0 LSE
1800 320.50  16:13:08 00060868960TRLO0 LSE
18 320.50  16:13:08 00060868961TRLO0 LSE
1635 320.50  16:14:08 00060868988TRLO0 LSE
534 320.50  16:14:28 00060869001TRLO0 LSE
680 320.50  16:14:28 00060869002TRLO0 LSE
342 320.50  16:14:28 00060869003TRLO0 LSE
755 320.00  16:17:42 00060869157TRLO0 LSE
98 320.00  16:17:42 00060869158TRLO0 LSE
970 320.00  16:17:42 00060869159TRLO0 LSE
387 320.00  16:17:42 00060869160TRLO0 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