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

8 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 7 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 :  100,000
Weighted average purchase price paid :  314.9380 pence per share
Highest purchase price paid :  317 pence per share
Lowest purchase price paid :  312.5 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 236,497,142, 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 7 September 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
641 314.50  08:25:36 00060871428TRLO0 LSE
1074 314.50  08:25:36 00060871429TRLO0 LSE
676 314.50  08:25:36 00060871430TRLO0 LSE
1063 314.50  08:25:36 00060871431TRLO0 LSE
1893 314.00  08:27:33 00060871479TRLO0 LSE
37 313.50  08:29:52 00060871552TRLO0 LSE
800 313.50  08:29:52 00060871553TRLO0 LSE
923 313.50  08:29:52 00060871554TRLO0 LSE
1589 313.50  08:29:52 00060871555TRLO0 LSE
1759 316.00  08:53:00 00060872399TRLO0 LSE
1938 315.50  08:53:01 00060872402TRLO0 LSE
1689 315.00  08:53:02 00060872405TRLO0 LSE
1553 317.00  09:17:44 00060873775TRLO0 LSE
5 317.00  09:19:35 00060873810TRLO0 LSE
580 317.00  09:19:35 00060873811TRLO0 LSE
439 317.00  09:19:35 00060873812TRLO0 LSE
1525 316.50  09:26:40 00060873963TRLO0 LSE
1442 317.00  09:49:10 00060874513TRLO0 LSE
285 317.00  09:49:10 00060874514TRLO0 LSE
1376 316.50  10:02:39 00060874878TRLO0 LSE
414 316.50  10:02:39 00060874879TRLO0 LSE
131 316.00  10:07:09 00060874965TRLO0 LSE
1495 316.00  10:07:09 00060874966TRLO0 LSE
1791 316.00  10:07:09 00060874967TRLO0 LSE
835 315.50  10:23:11 00060875459TRLO0 LSE
864 315.50  10:23:11 00060875460TRLO0 LSE
134 315.50  10:23:11 00060875461TRLO0 LSE
1648 315.50  10:23:11 00060875462TRLO0 LSE
1724 316.00  10:39:07 00060876096TRLO0 LSE
1164 315.50  10:40:00 00060876126TRLO0 LSE
507 315.50  10:40:00 00060876127TRLO0 LSE
1656 315.50  10:54:47 00060876539TRLO0 LSE
900 315.50  10:54:47 00060876540TRLO0 LSE
677 315.50  10:54:47 00060876541TRLO0 LSE
1907 315.00  11:16:52 00060877382TRLO0 LSE
1659 314.50  11:46:45 00060878425TRLO0 LSE
1184 314.50  12:15:45 00060879334TRLO0 LSE
421 314.50  12:15:45 00060879335TRLO0 LSE
456 314.00  12:29:17 00060879773TRLO0 LSE
691 314.00  12:33:05 00060880021TRLO0 LSE
720 314.00  12:33:05 00060880022TRLO0 LSE
420 314.00  12:33:05 00060880023TRLO0 LSE
1158 314.00  12:33:05 00060880024TRLO0 LSE
706 313.50  12:38:22 00060880453TRLO0 LSE
1019 313.50  12:38:22 00060880454TRLO0 LSE
606 313.00  13:01:42 00060881317TRLO0 LSE
843 313.00  13:06:44 00060881607TRLO0 LSE
377 313.00  13:06:44 00060881608TRLO0 LSE
303 312.50  13:24:50 00060882385TRLO0 LSE
470 312.50  13:30:51 00060882678TRLO0 LSE
77 313.50  13:36:16 00060882920TRLO0 LSE
371 314.00  13:37:01 00060882959TRLO0 LSE
709 314.50  13:39:41 00060883039TRLO0 LSE
927 314.50  13:44:05 00060883186TRLO0 LSE
1356 314.50  13:44:05 00060883187TRLO0 LSE
1855 314.50  13:44:05 00060883188TRLO0 LSE
69 314.50  13:44:05 00060883189TRLO0 LSE
2154 314.50  13:44:05 00060883190TRLO0 LSE
1595 314.50  13:52:17 00060883411TRLO0 LSE
506 314.50  14:02:55 00060883787TRLO0 LSE
450 314.50  14:02:55 00060883788TRLO0 LSE
367 314.50  14:06:25 00060883979TRLO0 LSE
454 314.50  14:06:25 00060883980TRLO0 LSE
34 314.50  14:09:35 00060884214TRLO0 LSE
82 314.50  14:09:35 00060884215TRLO0 LSE
148 314.50  14:09:35 00060884216TRLO0 LSE
525 314.50  14:11:39 00060884330TRLO0 LSE
1652 314.00  14:12:17 00060884448TRLO0 LSE
1902 315.00  14:36:48 00060886008TRLO0 LSE
507 315.00  14:37:35 00060886102TRLO0 LSE
457 315.00  14:37:35 00060886103TRLO0 LSE
442 315.50  14:39:15 00060886223TRLO0 LSE
50 315.50  14:39:15 00060886224TRLO0 LSE
1346 315.00  14:39:15 00060886225TRLO0 LSE
540 315.00  14:39:49 00060886243TRLO0 LSE
57 315.00  14:45:49 00060886493TRLO0 LSE
32 315.00  14:45:49 00060886494TRLO0 LSE
85 315.00  14:45:49 00060886495TRLO0 LSE
455 315.00  14:45:49 00060886496TRLO0 LSE
162 315.00  14:45:49 00060886497TRLO0 LSE
44 315.00  14:47:25 00060886590TRLO0 LSE
94 315.00  14:47:25 00060886591TRLO0 LSE
366 315.00  14:47:25 00060886592TRLO0 LSE
1672 314.50  14:49:26 00060886661TRLO0 LSE
379 314.50  14:49:26 00060886662TRLO0 LSE
1447 314.50  14:49:47 00060886697TRLO0 LSE
332 314.00  14:51:02 00060886791TRLO0 LSE
1498 314.00  14:51:02 00060886792TRLO0 LSE
378 313.00  14:59:10 00060887234TRLO0 LSE
1187 313.00  14:59:10 00060887235TRLO0 LSE
547 312.50  15:01:25 00060887325TRLO0 LSE
270 312.50  15:01:25 00060887326TRLO0 LSE
1341 313.50  15:13:56 00060887922TRLO0 LSE
314 313.50  15:13:56 00060887923TRLO0 LSE
486 313.50  15:13:56 00060887924TRLO0 LSE
28 313.50  15:13:56 00060887925TRLO0 LSE
1155 313.50  15:13:56 00060887926TRLO0 LSE
1719 313.50  15:17:41 00060888028TRLO0 LSE
1924 314.00  15:40:17 00060889329TRLO0 LSE
257 314.00  15:40:17 00060889330TRLO0 LSE
800 314.00  15:40:17 00060889331TRLO0 LSE
730 314.00  15:40:17 00060889332TRLO0 LSE
409 315.00  15:46:30 00060889674TRLO0 LSE
1308 315.00  15:46:30 00060889675TRLO0 LSE
486 315.00  15:46:30 00060889676TRLO0 LSE
1259 315.00  15:46:30 00060889677TRLO0 LSE
549 316.50  15:55:25 00060890069TRLO0 LSE
450 316.50  15:55:25 00060890070TRLO0 LSE
370 316.50  15:55:25 00060890071TRLO0 LSE
193 316.50  15:55:25 00060890072TRLO0 LSE
542 316.50  15:57:45 00060890215TRLO0 LSE
342 316.50  15:57:45 00060890216TRLO0 LSE
31 316.50  15:57:45 00060890217TRLO0 LSE
425 316.50  15:57:45 00060890218TRLO0 LSE
426 316.50  15:59:45 00060890344TRLO0 LSE
63 316.50  15:59:45 00060890345TRLO0 LSE
53 316.50  15:59:45 00060890346TRLO0 LSE
468 316.50  15:59:45 00060890347TRLO0 LSE
16 316.50  16:00:45 00060890404TRLO0 LSE
862 316.50  16:00:45 00060890405TRLO0 LSE
1500 316.50  16:07:04 00060890770TRLO0 LSE
415 316.50  16:07:04 00060890771TRLO0 LSE
1101 316.50  16:12:25 00060891006TRLO0 LSE
42 316.50  16:12:25 00060891007TRLO0 LSE
312 316.50  16:12:25 00060891008TRLO0 LSE
105 316.50  16:12:25 00060891009TRLO0 LSE
144 316.50  16:12:25 00060891010TRLO0 LSE
510 316.00  16:12:30 00060891014TRLO0 LSE
141 316.00  16:12:30 00060891015TRLO0 LSE
283 316.00  16:12:30 00060891016TRLO0 LSE
17 316.50  16:14:35 00060891233TRLO0 LSE
709 316.50  16:14:35 00060891234TRLO0 LSE
66 316.50  16:14:35 00060891235TRLO0 LSE
141 316.50  16:14:35 00060891236TRLO0 LSE
800 316.50  16:18:35 00060891544TRLO0 LSE
961 316.50  16:18:35 00060891545TRLO0 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