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

22 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 21 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 :  96,195
Weighted average purchase price paid :  317.2194 pence per share
Highest purchase price paid :  319.5 pence per share
Lowest purchase price paid :  313 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 10,517,813 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 235,573,610 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 21 September 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
330 313.00  08:22:15 00061083782TRLO0 LSE
1232 313.00  08:22:15 00061083783TRLO0 LSE
1080 315.50  08:38:41 00061086086TRLO0 LSE
868 315.50  08:38:41 00061086087TRLO0 LSE
1080 315.50  08:38:41 00061086088TRLO0 LSE
761 315.50  08:38:41 00061086089TRLO0 LSE
1634 318.00  08:52:52 00061087432TRLO0 LSE
1172 318.00  08:52:52 00061087433TRLO0 LSE
692 318.00  08:52:52 00061087434TRLO0 LSE
724 317.50  08:53:42 00061087508TRLO0 LSE
925 317.50  08:53:42 00061087509TRLO0 LSE
511 317.50  08:53:42 00061087510TRLO0 LSE
139 317.00  08:57:02 00061087751TRLO0 LSE
1543 317.00  08:57:02 00061087752TRLO0 LSE
1688 316.50  09:05:16 00061088136TRLO0 LSE
1806 319.50  09:22:47 00061088839TRLO0 LSE
523 319.00  09:23:02 00061088853TRLO0 LSE
1335 319.00  09:23:02 00061088854TRLO0 LSE
962 318.50  09:23:59 00061088874TRLO0 LSE
1064 318.50  09:26:26 00061088965TRLO0 LSE
526 318.50  09:26:26 00061088966TRLO0 LSE
1964 318.00  09:32:02 00061089130TRLO0 LSE
642 318.00  09:53:15 00061089813TRLO0 LSE
802 318.00  09:53:15 00061089814TRLO0 LSE
327 318.00  09:53:15 00061089815TRLO0 LSE
720 317.00  09:56:45 00061089953TRLO0 LSE
1109 317.00  10:11:25 00061090563TRLO0 LSE
72 317.00  10:11:25 00061090564TRLO0 LSE
13 317.50  10:30:41 00061091366TRLO0 LSE
5 317.50  10:30:41 00061091367TRLO0 LSE
296 317.00  10:32:32 00061091412TRLO0 LSE
467 317.50  10:32:32 00061091413TRLO0 LSE
1243 317.50  10:38:36 00061091668TRLO0 LSE
1728 318.50  10:49:32 00061091942TRLO0 LSE
129 318.50  10:49:32 00061091943TRLO0 LSE
1000 318.50  10:49:58 00061091964TRLO0 LSE
671 318.50  10:49:58 00061091965TRLO0 LSE
1582 318.00  10:49:59 00061091966TRLO0 LSE
39 318.00  10:49:59 00061091967TRLO0 LSE
513 317.50  11:03:30 00061092398TRLO0 LSE
187 317.50  11:03:30 00061092399TRLO0 LSE
1122 317.50  11:04:41 00061092445TRLO0 LSE
329 316.50  11:15:29 00061092809TRLO0 LSE
300 316.50  11:31:29 00061093099TRLO0 LSE
929 316.50  11:31:29 00061093100TRLO0 LSE
328 316.50  11:31:29 00061093101TRLO0 LSE
1463 316.50  11:31:29 00061093102TRLO0 LSE
1561 317.50  11:54:31 00061093548TRLO0 LSE
730 317.50  11:56:57 00061093610TRLO0 LSE
1282 317.50  12:03:28 00061093715TRLO0 LSE
962 317.50  12:04:55 00061093736TRLO0 LSE
143 317.00  12:10:37 00061093898TRLO0 LSE
1454 317.00  12:10:37 00061093899TRLO0 LSE
7 317.00  12:42:42 00061094447TRLO0 LSE
1300 317.00  13:10:38 00061095311TRLO0 LSE
297 317.00  13:10:38 00061095312TRLO0 LSE
292 317.00  13:11:57 00061095395TRLO0 LSE
300 317.00  13:13:41 00061095454TRLO0 LSE
1047 317.00  13:22:52 00061095739TRLO0 LSE
1876 317.00  13:22:52 00061095740TRLO0 LSE
962 317.50  13:24:21 00061095807TRLO0 LSE
1282 317.50  13:24:49 00061095839TRLO0 LSE
118 318.00  13:35:11 00061096094TRLO0 LSE
2681 318.00  13:35:11 00061096095TRLO0 LSE
12 318.00  13:35:11 00061096096TRLO0 LSE
455 317.50  13:51:11 00061096551TRLO0 LSE
139 317.50  13:51:11 00061096552TRLO0 LSE
1000 317.50  13:51:11 00061096553TRLO0 LSE
285 317.50  13:51:11 00061096554TRLO0 LSE
423 318.00  13:52:31 00061096602TRLO0 LSE
756 318.00  13:52:31 00061096603TRLO0 LSE
555 318.00  13:52:31 00061096604TRLO0 LSE
500 316.50  13:58:43 00061096831TRLO0 LSE
1146 316.50  13:58:43 00061096832TRLO0 LSE
745 317.00  14:29:02 00061098296TRLO0 LSE
951 317.00  14:29:02 00061098297TRLO0 LSE
1134 317.00  14:29:13 00061098308TRLO0 LSE
511 317.00  14:29:13 00061098309TRLO0 LSE
14 317.00  14:29:41 00061098325TRLO0 LSE
32 317.00  14:29:41 00061098326TRLO0 LSE
743 317.00  14:29:41 00061098327TRLO0 LSE
729 317.00  14:29:41 00061098328TRLO0 LSE
641 317.00  14:32:00 00061098734TRLO0 LSE
340 317.00  14:32:00 00061098735TRLO0 LSE
701 316.50  14:32:41 00061098775TRLO0 LSE
1000 316.50  14:32:41 00061098776TRLO0 LSE
25 316.50  14:32:41 00061098777TRLO0 LSE
1016 317.00  14:50:00 00061100745TRLO0 LSE
563 317.00  14:50:00 00061100746TRLO0 LSE
214 317.00  14:50:00 00061100747TRLO0 LSE
1696 317.00  14:50:11 00061100770TRLO0 LSE
735 316.50  14:54:31 00061101157TRLO0 LSE
500 316.50  14:54:31 00061101158TRLO0 LSE
477 316.50  14:59:27 00061101829TRLO0 LSE
86 316.50  14:59:27 00061101830TRLO0 LSE
1824 316.50  14:59:27 00061101831TRLO0 LSE
1681 315.50  15:05:51 00061102573TRLO0 LSE
87 315.50  15:05:51 00061102574TRLO0 LSE
69 316.00  15:12:20 00061103147TRLO0 LSE
962 316.00  15:14:49 00061103339TRLO0 LSE
242 317.00  15:26:04 00061104077TRLO0 LSE
504 317.00  15:26:04 00061104078TRLO0 LSE
1000 317.00  15:26:06 00061104089TRLO0 LSE
150 317.00  15:26:06 00061104090TRLO0 LSE
960 317.00  15:26:06 00061104091TRLO0 LSE
280 318.00  15:37:47 00061105598TRLO0 LSE
626 318.00  15:37:47 00061105599TRLO0 LSE
26 318.00  15:37:47 00061105600TRLO0 LSE
15 318.00  15:37:47 00061105601TRLO0 LSE
290 318.00  15:37:47 00061105602TRLO0 LSE
85 317.50  15:37:47 00061105603TRLO0 LSE
1587 317.50  15:37:47 00061105604TRLO0 LSE
561 318.00  15:37:47 00061105605TRLO0 LSE
551 318.00  15:37:47 00061105606TRLO0 LSE
317 318.00  15:37:47 00061105607TRLO0 LSE
581 318.00  15:37:47 00061105608TRLO0 LSE
1693 317.50  15:37:47 00061105609TRLO0 LSE
145 317.00  15:52:14 00061106522TRLO0 LSE
1550 317.00  15:52:14 00061106523TRLO0 LSE
414 317.00  15:52:14 00061106524TRLO0 LSE
500 317.00  15:52:14 00061106525TRLO0 LSE
500 317.00  15:52:14 00061106526TRLO0 LSE
378 317.00  15:52:14 00061106527TRLO0 LSE
258 316.50  15:54:20 00061106686TRLO0 LSE
1436 317.00  16:03:47 00061107271TRLO0 LSE
361 317.00  16:03:47 00061107272TRLO0 LSE
1139 317.00  16:03:47 00061107273TRLO0 LSE
526 317.00  16:03:47 00061107274TRLO0 LSE
738 317.00  16:08:47 00061107456TRLO0 LSE
261 317.00  16:08:47 00061107457TRLO0 LSE
734 317.00  16:08:47 00061107458TRLO0 LSE
1 317.00  16:08:47 00061107459TRLO0 LSE
170 317.00  16:15:00 00061107968TRLO0 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