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

9 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 8 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 :  317.4749 pence per share
Highest purchase price paid :  321.5 pence per share
Lowest purchase price paid :  314.5 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 9,694,281 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 236,397,142, 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 8 September 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
1910 316.50  08:31:28 00060895217TRLO0 LSE
874 317.50  08:58:34 00060896167TRLO0 LSE
1015 317.50  08:58:34 00060896168TRLO0 LSE
383 317.50  09:01:51 00060896321TRLO0 LSE
1340 317.50  09:01:51 00060896322TRLO0 LSE
1539 316.50  09:02:00 00060896324TRLO0 LSE
511 316.50  09:02:00 00060896325TRLO0 LSE
493 316.00  09:11:10 00060896596TRLO0 LSE
479 316.00  09:20:13 00060896933TRLO0 LSE
27 316.00  09:20:50 00060896959TRLO0 LSE
1011 316.00  09:20:50 00060896960TRLO0 LSE
207 316.50  09:35:53 00060897386TRLO0 LSE
869 316.50  09:35:53 00060897387TRLO0 LSE
512 316.50  09:35:53 00060897388TRLO0 LSE
462 315.50  09:50:46 00060897938TRLO0 LSE
455 315.50  10:00:07 00060898247TRLO0 LSE
161 316.50  10:00:55 00060898264TRLO0 LSE
1754 316.00  10:01:10 00060898273TRLO0 LSE
532 316.00  10:01:10 00060898274TRLO0 LSE
573 316.00  10:01:10 00060898275TRLO0 LSE
1175 316.00  10:01:10 00060898276TRLO0 LSE
834 315.50  10:08:59 00060898493TRLO0 LSE
1583 315.50  10:08:59 00060898494TRLO0 LSE
16 315.50  10:09:03 00060898501TRLO0 LSE
547 315.50  10:09:03 00060898502TRLO0 LSE
661 315.50  10:09:03 00060898503TRLO0 LSE
1710 315.50  10:34:59 00060899066TRLO0 LSE
1552 315.50  10:34:59 00060899067TRLO0 LSE
427 314.50  10:35:01 00060899068TRLO0 LSE
1752 316.00  10:45:37 00060899353TRLO0 LSE
1049 316.00  10:45:37 00060899354TRLO0 LSE
540 316.00  10:45:37 00060899355TRLO0 LSE
1895 315.50  10:51:55 00060899439TRLO0 LSE
1649 316.00  11:05:29 00060899899TRLO0 LSE
1847 315.50  11:12:40 00060900208TRLO0 LSE
54 316.00  11:21:29 00060901036TRLO0 LSE
808 316.00  11:21:29 00060901037TRLO0 LSE
547 316.00  11:21:29 00060901038TRLO0 LSE
924 316.00  11:26:43 00060901383TRLO0 LSE
452 315.50  11:26:55 00060901389TRLO0 LSE
1751 315.50  11:31:16 00060901514TRLO0 LSE
1917 315.50  11:59:59 00060902343TRLO0 LSE
1062 315.50  11:59:59 00060902344TRLO0 LSE
771 315.50  11:59:59 00060902345TRLO0 LSE
538 317.00  12:20:39 00060902809TRLO0 LSE
378 317.00  12:20:39 00060902810TRLO0 LSE
70 317.00  12:20:39 00060902811TRLO0 LSE
924 317.00  12:20:39 00060902812TRLO0 LSE
256 317.00  12:20:39 00060902813TRLO0 LSE
1733 317.00  12:36:58 00060903218TRLO0 LSE
1660 317.00  12:36:58 00060903219TRLO0 LSE
387 317.50  12:41:07 00060903342TRLO0 LSE
201 317.50  12:46:17 00060903470TRLO0 LSE
708 317.50  12:46:17 00060903471TRLO0 LSE
478 317.00  12:46:17 00060903472TRLO0 LSE
1136 317.00  12:46:17 00060903473TRLO0 LSE
442 317.00  12:57:56 00060903785TRLO0 LSE
1449 317.00  12:57:56 00060903786TRLO0 LSE
1626 318.50  13:37:20 00060905225TRLO0 LSE
1643 318.50  13:37:20 00060905226TRLO0 LSE
294 319.00  13:39:17 00060905257TRLO0 LSE
408 319.00  13:39:17 00060905258TRLO0 LSE
516 319.00  13:39:17 00060905259TRLO0 LSE
304 319.00  13:39:17 00060905260TRLO0 LSE
511 319.00  13:39:17 00060905261TRLO0 LSE
737 319.00  13:39:17 00060905262TRLO0 LSE
560 318.50  13:47:44 00060905588TRLO0 LSE
285 318.50  13:53:20 00060905867TRLO0 LSE
986 318.50  13:53:20 00060905868TRLO0 LSE
641 318.00  13:53:35 00060905876TRLO0 LSE
1176 318.00  13:55:57 00060906087TRLO0 LSE
1586 317.00  14:04:19 00060906915TRLO0 LSE
1584 317.00  14:14:53 00060907903TRLO0 LSE
1629 316.50  14:30:04 00060909150TRLO0 LSE
525 316.50  14:31:57 00060909733TRLO0 LSE
1874 316.00  14:33:50 00060909917TRLO0 LSE
493 316.50  14:42:27 00060910835TRLO0 LSE
493 316.50  14:42:37 00060910841TRLO0 LSE
394 316.50  14:42:47 00060910855TRLO0 LSE
493 316.50  14:42:57 00060910866TRLO0 LSE
693 316.50  14:50:04 00060911209TRLO0 LSE
263 316.50  14:50:17 00060911219TRLO0 LSE
924 316.50  14:50:17 00060911220TRLO0 LSE
42 316.50  14:50:17 00060911221TRLO0 LSE
493 316.50  14:53:17 00060911372TRLO0 LSE
783 316.50  14:53:17 00060911373TRLO0 LSE
466 316.50  14:53:17 00060911374TRLO0 LSE
108 316.50  14:56:16 00060911566TRLO0 LSE
742 316.50  14:56:16 00060911567TRLO0 LSE
799 317.50  15:15:04 00060912875TRLO0 LSE
1080 317.50  15:15:04 00060912876TRLO0 LSE
1682 317.50  15:15:04 00060912877TRLO0 LSE
26 317.50  15:15:59 00060912955TRLO0 LSE
446 317.50  15:15:59 00060912956TRLO0 LSE
36 317.50  15:16:07 00060912963TRLO0 LSE
34 317.50  15:16:07 00060912964TRLO0 LSE
712 317.50  15:16:07 00060912965TRLO0 LSE
405 320.00  15:27:02 00060913600TRLO0 LSE
793 320.00  15:27:02 00060913601TRLO0 LSE
405 320.00  15:27:04 00060913603TRLO0 LSE
1584 319.50  15:29:52 00060913710TRLO0 LSE
19 319.50  15:29:52 00060913711TRLO0 LSE
1746 319.50  15:29:52 00060913712TRLO0 LSE
623 320.00  15:48:37 00060914719TRLO0 LSE
920 320.00  15:48:37 00060914720TRLO0 LSE
162 320.00  15:48:37 00060914721TRLO0 LSE
458 320.00  15:49:50 00060914808TRLO0 LSE
333 320.50  15:50:20 00060914846TRLO0 LSE
229 320.50  15:50:20 00060914847TRLO0 LSE
121 320.50  15:50:20 00060914848TRLO0 LSE
1548 320.50  15:50:20 00060914849TRLO0 LSE
3 320.50  15:51:27 00060914891TRLO0 LSE
30 320.50  15:51:27 00060914892TRLO0 LSE
43 320.50  15:51:27 00060914893TRLO0 LSE
88 320.50  15:51:27 00060914894TRLO0 LSE
61 320.50  15:51:32 00060914896TRLO0 LSE
361 320.50  15:51:40 00060914898TRLO0 LSE
14 321.00  15:55:17 00060915019TRLO0 LSE
708 321.00  15:55:17 00060915020TRLO0 LSE
460 321.00  15:55:17 00060915021TRLO0 LSE
372 321.00  15:57:05 00060915105TRLO0 LSE
68 321.00  15:57:05 00060915106TRLO0 LSE
1695 321.00  15:59:39 00060915276TRLO0 LSE
1880 321.50  16:10:11 00060915989TRLO0 LSE
1869 321.50  16:10:11 00060915990TRLO0 LSE
209 321.50  16:10:31 00060916005TRLO0 LSE
1007 321.50  16:10:31 00060916006TRLO0 LSE
275 321.50  16:14:48 00060916337TRLO0 LSE
80 321.50  16:14:48 00060916338TRLO0 LSE
924 321.50  16:14:48 00060916339TRLO0 LSE
1430 321.50  16:18:48 00060916505TRLO0 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