Redde Northgate Plc - Transaction in Own Shares

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Regulatory News | 09 Aug, 2022

Updated : 07:10

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 August 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 August 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:  60,000
Weighted average purchase price paid:  374.6974 pence per share
Highest purchase price paid:  377 pence per share
Lowest purchase price paid:  372 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 7,424,310 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 238,667,113, 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 August 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transactionTransaction reference numberVenue
343373.50 08:38:3000060432215TRLO0LSE
1787373.50 08:38:3000060432216TRLO0LSE
895374.00 09:09:4000060432622TRLO0LSE
1134374.00 09:09:4000060432623TRLO0LSE
1444373.50 09:14:0700060432715TRLO0LSE
768373.50 09:14:0700060432716TRLO0LSE
155373.00 09:50:2500060433581TRLO0LSE
261373.00 09:50:2500060433582TRLO0LSE
248373.00 10:03:2500060433908TRLO0LSE
539373.00 10:07:1900060434028TRLO0LSE
700373.00 10:24:2300060434379TRLO0LSE
120373.00 10:24:2300060434380TRLO0LSE
77372.50 10:59:2800060435016TRLO0LSE
561372.50 11:30:5500060435532TRLO0LSE
506372.50 11:45:1300060435818TRLO0LSE
142372.50 11:56:4700060436020TRLO0LSE
232372.50 11:59:4200060436072TRLO0LSE
457372.50 12:12:0700060436315TRLO0LSE
197372.50 12:59:3400060437387TRLO0LSE
529372.50 13:14:3400060437681TRLO0LSE
120372.50 13:15:0500060437723TRLO0LSE
73372.50 13:15:2900060437733TRLO0LSE
1532372.50 13:24:3000060438003TRLO0LSE
123372.50 13:24:3000060438004TRLO0LSE
530372.50 13:25:5200060438077TRLO0LSE
767372.50 13:26:2700060438090TRLO0LSE
753372.50 13:26:2700060438091TRLO0LSE
255372.00 14:16:5200060439567TRLO0LSE
554372.00 14:18:4900060439628TRLO0LSE
564372.00 14:30:2200060440136TRLO0LSE
566372.00 14:34:2800060440588TRLO0LSE
463373.00 14:35:0400060440620TRLO0LSE
614373.00 14:35:0400060440621TRLO0LSE
466373.00 14:35:0400060440622TRLO0LSE
223373.00 14:35:0400060440623TRLO0LSE
2800373.00 14:35:0400060440624TRLO0LSE
700373.00 14:35:0400060440625TRLO0LSE
4000373.00 14:35:0400060440626TRLO0LSE
1400373.00 14:35:0400060440627TRLO0LSE
700373.00 14:35:0400060440628TRLO0LSE
664373.50 14:55:1200060441710TRLO0LSE
487373.50 14:55:1200060441711TRLO0LSE
572373.50 14:55:1200060441712TRLO0LSE
160373.50 14:55:1200060441713TRLO0LSE
620374.50 15:05:5300060442161TRLO0LSE
4377.00 15:11:2100060442528TRLO0LSE
3700377.00 15:11:2200060442529TRLO0LSE
3890377.00 15:11:2200060442530TRLO0LSE
2210376.50 15:12:3300060442556TRLO0LSE
599376.50 15:16:2300060442741TRLO0LSE
599376.50 15:16:2300060442742TRLO0LSE
1028376.50 15:16:2300060442743TRLO0LSE
680376.50 15:16:2300060442744TRLO0LSE
375376.50 15:16:2300060442745TRLO0LSE
208376.50 15:28:2300060443345TRLO0LSE
756376.50 15:28:2300060443346TRLO0LSE
976376.50 15:28:2300060443347TRLO0LSE
499376.50 15:28:2300060443348TRLO0LSE
270376.00 15:42:3100060443906TRLO0LSE
1810376.00 15:46:0500060444101TRLO0LSE
1964376.00 15:46:0500060444102TRLO0LSE
2312375.50 15:48:4800060444201TRLO0LSE
433375.00 16:00:4000060444610TRLO0LSE
920376.50 16:16:0300060445322TRLO0LSE
1088376.50 16:16:0300060445323TRLO0LSE
1712376.50 16:16:0300060445324TRLO0LSE
289376.50 16:16:0300060445325TRLO0LSE
1041376.50 16:16:0300060445326TRLO0LSE
396376.50 16:16:0300060445327TRLO0LSE
530376.50 16:16:0300060445328TRLO0LSE
465376.50 16:16:0400060445329TRLO0LSE
116376.50 16:16:0400060445330TRLO0LSE
213376.50 16:16:0400060445331TRLO0LSE
116376.50 16:16:0400060445332TRLO0LSE

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                                     +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

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