Redde Northgate Plc - Transaction in Own Shares

PR Newswire

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20 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 16 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 :  320.1479 pence per share
Highest purchase price paid :  322.5 pence per share
Lowest purchase price paid :  317 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 10,321,618 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 235,769,805 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 16 September 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
1892 319.50  08:31:37 00061039538TRLO0 LSE
108 319.50  08:31:37 00061039539TRLO0 LSE
1696 319.50  08:31:37 00061039540TRLO0 LSE
1555 319.50  08:31:37 00061039541TRLO0 LSE
1615 319.00  08:31:37 00061039542TRLO0 LSE
1630 320.00  09:00:06 00061040790TRLO0 LSE
9 321.00  09:09:53 00061041102TRLO0 LSE
156 321.00  09:14:10 00061041336TRLO0 LSE
2443 321.00  09:14:10 00061041337TRLO0 LSE
1789 321.00  09:14:10 00061041338TRLO0 LSE
555 321.00  09:30:30 00061041841TRLO0 LSE
1694 321.00  09:44:12 00061042565TRLO0 LSE
1843 321.00  09:44:12 00061042566TRLO0 LSE
1808 321.00  09:44:12 00061042567TRLO0 LSE
16 321.00  09:54:41 00061042876TRLO0 LSE
42 321.00  09:54:41 00061042877TRLO0 LSE
2765 322.50  10:15:03 00061043258TRLO0 LSE
8429 322.50  10:15:03 00061043259TRLO0 LSE
2291 321.00  10:15:37 00061043476TRLO0 LSE
166 320.00  10:50:49 00061044743TRLO0 LSE
405 321.00  10:58:47 00061045561TRLO0 LSE
572 321.00  10:58:47 00061045562TRLO0 LSE
1500 321.00  10:58:47 00061045563TRLO0 LSE
500 321.00  10:58:47 00061045564TRLO0 LSE
110 321.00  10:58:47 00061045565TRLO0 LSE
1000 321.00  11:12:47 00061046195TRLO0 LSE
870 321.00  11:12:47 00061046196TRLO0 LSE
546 321.00  11:12:47 00061046197TRLO0 LSE
340 321.00  11:12:47 00061046198TRLO0 LSE
1196 321.00  11:12:47 00061046199TRLO0 LSE
3053 320.50  11:31:57 00061046744TRLO0 LSE
1876 320.50  12:01:17 00061047483TRLO0 LSE
1660 320.00  12:07:37 00061047802TRLO0 LSE
216 320.00  12:07:37 00061047803TRLO0 LSE
377 320.00  12:33:37 00061048405TRLO0 LSE
1337 320.00  12:33:37 00061048406TRLO0 LSE
379 320.00  12:46:37 00061048682TRLO0 LSE
500 320.00  12:46:37 00061048683TRLO0 LSE
500 320.00  12:46:37 00061048684TRLO0 LSE
280 320.00  12:46:37 00061048685TRLO0 LSE
1573 320.00  12:59:12 00061049051TRLO0 LSE
984 320.00  12:59:12 00061049052TRLO0 LSE
712 320.00  12:59:12 00061049053TRLO0 LSE
1172 319.50  13:00:07 00061049079TRLO0 LSE
500 319.50  13:00:07 00061049080TRLO0 LSE
41 319.50  13:00:07 00061049081TRLO0 LSE
1850 319.00  13:19:21 00061049564TRLO0 LSE
132 318.50  13:34:13 00061050005TRLO0 LSE
1548 318.00  13:34:13 00061050006TRLO0 LSE
1893 318.50  13:58:31 00061051113TRLO0 LSE
94 318.00  14:00:40 00061051222TRLO0 LSE
105 318.00  14:00:40 00061051223TRLO0 LSE
46 318.00  14:03:27 00061051322TRLO0 LSE
299 318.00  14:03:27 00061051323TRLO0 LSE
170 319.00  14:25:39 00061052169TRLO0 LSE
747 319.00  14:25:39 00061052170TRLO0 LSE
557 319.00  14:25:39 00061052171TRLO0 LSE
1610 319.00  14:32:41 00061052590TRLO0 LSE
3775 319.00  14:32:41 00061052591TRLO0 LSE
1858 319.00  14:32:41 00061052592TRLO0 LSE
304 318.50  14:34:49 00061052666TRLO0 LSE
1567 318.50  14:34:49 00061052667TRLO0 LSE
1801 318.00  14:41:27 00061053164TRLO0 LSE
1733 317.00  14:43:16 00061053288TRLO0 LSE
141 319.00  15:01:12 00061054974TRLO0 LSE
1005 319.00  15:01:12 00061054975TRLO0 LSE
615 319.00  15:01:12 00061054976TRLO0 LSE
1885 319.50  15:07:15 00061055346TRLO0 LSE
1889 320.50  15:14:11 00061055868TRLO0 LSE
7 319.50  15:16:22 00061056051TRLO0 LSE
1657 320.50  15:24:48 00061056735TRLO0 LSE
2661 320.50  15:25:18 00061056803TRLO0 LSE
320 320.50  15:25:18 00061056804TRLO0 LSE
416 320.00  15:28:54 00061057062TRLO0 LSE
1180 320.00  15:28:54 00061057063TRLO0 LSE
1765 320.00  15:39:23 00061058050TRLO0 LSE
90 320.00  15:39:23 00061058051TRLO0 LSE
1500 320.00  15:39:23 00061058052TRLO0 LSE
301 320.00  15:39:23 00061058053TRLO0 LSE
1577 320.00  15:47:46 00061058689TRLO0 LSE
1847 320.00  15:55:40 00061059091TRLO0 LSE
1614 319.50  15:59:08 00061059375TRLO0 LSE
1703 320.00  16:09:11 00061060075TRLO0 LSE
360 320.00  16:17:11 00061060675TRLO0 LSE
1194 320.00  16:17:11 00061060676TRLO0 LSE
280 320.00  16:17:11 00061060677TRLO0 LSE
145 319.50  16:20:29 00061060950TRLO0 LSE
500 319.50  16:20:29 00061060951TRLO0 LSE
558 319.50  16:20:29 00061060952TRLO0 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