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

13 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 12 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 :  97,337
Weighted average purchase price paid :  334.2867 pence per share
Highest purchase price paid :  336 pence per share
Lowest purchase price paid :  332 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 9,891,618 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 236,199,805 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 13 September 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
700 332.50  08:49:28 00060939024TRLO0 LSE
700 332.50  08:49:28 00060939025TRLO0 LSE
700 332.50  08:49:28 00060939026TRLO0 LSE
243 332.50  08:51:44 00060939152TRLO0 LSE
2296 332.50  08:51:44 00060939153TRLO0 LSE
500 332.50  08:51:44 00060939154TRLO0 LSE
2088 332.00  08:55:13 00060939286TRLO0 LSE
342 332.00  08:55:13 00060939287TRLO0 LSE
1444 332.00  08:55:13 00060939288TRLO0 LSE
490 333.00  09:32:47 00060940966TRLO0 LSE
906 333.00  09:32:53 00060940967TRLO0 LSE
174 333.00  09:33:00 00060940968TRLO0 LSE
30 333.00  09:47:05 00060941527TRLO0 LSE
700 333.00  09:47:05 00060941528TRLO0 LSE
921 333.00  09:47:05 00060941529TRLO0 LSE
1596 333.00  09:47:05 00060941530TRLO0 LSE
1956 333.00  09:47:05 00060941531TRLO0 LSE
1036 332.50  09:47:05 00060941532TRLO0 LSE
1067 332.50  09:47:05 00060941533TRLO0 LSE
1156 334.00  09:53:48 00060941818TRLO0 LSE
650 334.00  09:53:48 00060941819TRLO0 LSE
275 334.00  09:54:27 00060941859TRLO0 LSE
957 334.00  09:54:41 00060941864TRLO0 LSE
614 334.00  09:54:41 00060941865TRLO0 LSE
374 334.00  09:55:37 00060941883TRLO0 LSE
1109 334.00  09:55:37 00060941884TRLO0 LSE
1388 334.00  09:56:17 00060941898TRLO0 LSE
301 334.00  09:56:17 00060941899TRLO0 LSE
1809 334.00  10:28:56 00060943088TRLO0 LSE
1912 334.00  10:28:56 00060943089TRLO0 LSE
988 334.00  10:51:51 00060944340TRLO0 LSE
401 334.00  11:12:27 00060944926TRLO0 LSE
320 334.00  11:16:24 00060945013TRLO0 LSE
499 334.00  11:42:04 00060946015TRLO0 LSE
521 334.00  11:42:04 00060946016TRLO0 LSE
243 334.00  11:52:04 00060946764TRLO0 LSE
1200 334.00  11:52:04 00060946765TRLO0 LSE
1400 334.00  12:14:20 00060947698TRLO0 LSE
254 334.00  12:14:20 00060947699TRLO0 LSE
378 334.00  12:15:13 00060947731TRLO0 LSE
77 334.50  12:31:14 00060948327TRLO0 LSE
90 334.50  12:31:14 00060948328TRLO0 LSE
62 334.50  12:31:14 00060948329TRLO0 LSE
62 334.50  12:31:14 00060948330TRLO0 LSE
1005 334.50  13:08:41 00060949466TRLO0 LSE
452 334.50  13:08:41 00060949467TRLO0 LSE
1795 334.50  13:08:41 00060949468TRLO0 LSE
1555 334.50  13:08:41 00060949469TRLO0 LSE
694 334.50  13:08:41 00060949470TRLO0 LSE
970 334.50  13:08:41 00060949471TRLO0 LSE
2100 334.50  13:08:41 00060949472TRLO0 LSE
188 334.50  13:08:41 00060949473TRLO0 LSE
1171 334.50  13:08:41 00060949475TRLO0 LSE
259 334.50  13:08:41 00060949476TRLO0 LSE
262 334.50  13:08:42 00060949478TRLO0 LSE
486 333.50  14:14:55 00060952080TRLO0 LSE
457 333.50  14:24:46 00060952481TRLO0 LSE
446 333.50  14:31:30 00060953041TRLO0 LSE
468 333.50  14:35:24 00060953369TRLO0 LSE
415 333.50  14:35:24 00060953370TRLO0 LSE
440 333.50  14:39:04 00060953569TRLO0 LSE
414 333.50  14:43:03 00060953821TRLO0 LSE
22 334.50  14:45:06 00060953925TRLO0 LSE
22 334.50  14:45:06 00060953926TRLO0 LSE
16 334.50  14:45:06 00060953927TRLO0 LSE
1053 334.50  14:45:09 00060953929TRLO0 LSE
83 335.00  14:52:44 00060954416TRLO0 LSE
94 335.00  14:52:44 00060954417TRLO0 LSE
113 335.00  14:52:44 00060954418TRLO0 LSE
71 335.00  14:52:44 00060954419TRLO0 LSE
7 335.00  14:52:44 00060954420TRLO0 LSE
700 335.00  14:54:44 00060954547TRLO0 LSE
700 335.00  14:54:44 00060954548TRLO0 LSE
623 335.00  14:54:44 00060954549TRLO0 LSE
1397 335.00  14:54:44 00060954550TRLO0 LSE
697 335.00  14:54:44 00060954551TRLO0 LSE
59 335.50  14:56:16 00060954744TRLO0 LSE
20 335.50  14:56:16 00060954745TRLO0 LSE
1400 336.00  15:00:21 00060955078TRLO0 LSE
700 336.00  15:00:21 00060955079TRLO0 LSE
700 336.00  15:00:21 00060955080TRLO0 LSE
8026 336.00  15:00:21 00060955081TRLO0 LSE
1879 336.00  15:00:21 00060955082TRLO0 LSE
1515 335.00  15:01:31 00060955160TRLO0 LSE
508 335.00  15:01:31 00060955161TRLO0 LSE
460 335.00  15:08:43 00060955623TRLO0 LSE
218 335.00  15:08:54 00060955633TRLO0 LSE
587 335.00  15:08:54 00060955634TRLO0 LSE
1037 335.00  15:08:55 00060955635TRLO0 LSE
1200 335.00  15:08:55 00060955636TRLO0 LSE
475 335.00  15:08:55 00060955637TRLO0 LSE
421 335.00  15:14:55 00060956121TRLO0 LSE
434 335.00  15:17:07 00060956250TRLO0 LSE
92 335.50  15:17:08 00060956251TRLO0 LSE
1769 335.50  15:20:27 00060956482TRLO0 LSE
1634 335.50  15:20:27 00060956483TRLO0 LSE
2000 335.50  15:20:27 00060956484TRLO0 LSE
930 335.50  15:20:27 00060956485TRLO0 LSE
4 335.00  15:22:07 00060956557TRLO0 LSE
46 335.00  15:22:07 00060956558TRLO0 LSE
27 335.00  15:22:07 00060956559TRLO0 LSE
692 335.00  15:22:07 00060956560TRLO0 LSE
351 335.00  15:22:07 00060956561TRLO0 LSE
485 334.00  15:40:16 00060957730TRLO0 LSE
427 334.00  15:43:10 00060957973TRLO0 LSE
449 334.50  15:48:55 00060958280TRLO0 LSE
2888 334.50  15:49:41 00060958337TRLO0 LSE
1873 334.50  15:49:41 00060958338TRLO0 LSE
2000 334.50  15:49:41 00060958339TRLO0 LSE
701 334.50  15:49:41 00060958340TRLO0 LSE
47 334.00  15:57:28 00060958808TRLO0 LSE
476 334.00  16:00:28 00060958973TRLO0 LSE
288 334.00  16:02:02 00060959126TRLO0 LSE
970 334.00  16:02:02 00060959127TRLO0 LSE
220 334.00  16:02:02 00060959128TRLO0 LSE
1475 334.00  16:02:02 00060959129TRLO0 LSE
414 333.00  16:08:43 00060959613TRLO0 LSE
451 333.00  16:11:08 00060959780TRLO0 LSE
502 333.00  16:13:33 00060959972TRLO0 LSE
185 333.00  16:15:38 00060960137TRLO0 LSE
381 333.50  16:23:13 00060960930TRLO0 LSE
512 333.50  16:23:44 00060960966TRLO0 LSE
528 333.50  16:24:14 00060961001TRLO0 LSE
288 333.50  16:24:23 00060961014TRLO0 LSE
489 333.50  16:24:40 00060961031TRLO0 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