Transaction in Own Shares

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

10 November 2022

REDDE NORTHGATE PLC

(“Redde Northgate” or the “Group” or the “Company”)

Transaction in Own Shares

Redde Northgate plc (LSE:REDD) announces that on 10 November 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 :  70,000
Weighted average purchase price paid :  355.6332 pence per share
Highest purchase price paid :  360.5 pence per share
Lowest purchase price paid :  350.5 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 14,596,710 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 231,494,713 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 10 November 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
2370 350.50  08:21:13 00062055377TRLO0 LSE
2927 353.00  08:45:13 00062056668TRLO0 LSE
2352 353.00  08:58:03 00062057327TRLO0 LSE
1727 354.00  09:45:01 00062059249TRLO0 LSE
26 354.00  09:45:01 00062059250TRLO0 LSE
1399 354.00  09:45:01 00062059251TRLO0 LSE
451 354.00  09:45:01 00062059252TRLO0 LSE
116 354.00  09:45:01 00062059253TRLO0 LSE
1166 353.50  09:54:35 00062059691TRLO0 LSE
1234 353.50  09:54:35 00062059692TRLO0 LSE
810 353.00  10:48:17 00062062069TRLO0 LSE
1467 353.00  10:48:17 00062062070TRLO0 LSE
1329 354.00  10:58:49 00062062360TRLO0 LSE
1926 354.00  10:58:49 00062062361TRLO0 LSE
442 353.50  10:58:49 00062062362TRLO0 LSE
323 353.50  10:58:49 00062062363TRLO0 LSE
319 353.50  10:58:49 00062062364TRLO0 LSE
1046 353.50  10:58:49 00062062365TRLO0 LSE
30 353.00  10:58:54 00062062376TRLO0 LSE
58 353.00  10:58:54 00062062377TRLO0 LSE
2 353.00  11:00:41 00062062740TRLO0 LSE
2 353.00  11:00:41 00062062741TRLO0 LSE
1077 353.00  11:00:41 00062062742TRLO0 LSE
2070 353.00  11:00:41 00062062743TRLO0 LSE
1086 353.00  11:00:41 00062062744TRLO0 LSE
5 353.00  11:00:41 00062062745TRLO0 LSE
2167 353.00  11:00:41 00062062746TRLO0 LSE
2007 353.50  12:01:09 00062065424TRLO0 LSE
2137 354.00  12:12:19 00062065725TRLO0 LSE
1669 353.50  12:12:26 00062065736TRLO0 LSE
625 353.50  12:13:26 00062065766TRLO0 LSE
2411 353.00  12:14:06 00062065782TRLO0 LSE
639 353.00  12:44:41 00062066755TRLO0 LSE
1645 353.00  12:44:41 00062066756TRLO0 LSE
2354 359.50  13:38:39 00062070982TRLO0 LSE
2358 359.00  13:39:22 00062071112TRLO0 LSE
1054 358.50  13:39:30 00062071137TRLO0 LSE
173 359.00  13:41:27 00062071409TRLO0 LSE
2117 359.00  13:41:27 00062071410TRLO0 LSE
2343 358.50  13:52:02 00062072724TRLO0 LSE
2261 356.00  14:10:55 00062074297TRLO0 LSE
2258 354.50  14:38:46 00062076696TRLO0 LSE
423 357.00  14:53:12 00062077841TRLO0 LSE
388 357.00  14:53:12 00062077842TRLO0 LSE
500 357.00  14:53:12 00062077843TRLO0 LSE
340 357.00  14:53:12 00062077844TRLO0 LSE
405 357.00  14:53:12 00062077847TRLO0 LSE
201 360.50  15:09:16 00062079666TRLO0 LSE
1500 360.50  15:09:16 00062079667TRLO0 LSE
295 360.50  15:09:16 00062079668TRLO0 LSE
2008 359.50  15:21:03 00062080678TRLO0 LSE
707 360.50  15:38:14 00062082435TRLO0 LSE
1000 360.00  15:38:14 00062082436TRLO0 LSE
1004 360.00  15:38:14 00062082437TRLO0 LSE
2053 359.50  15:40:04 00062082604TRLO0 LSE
339 360.00  15:40:04 00062082605TRLO0 LSE
1487 360.00  15:40:04 00062082606TRLO0 LSE
55 360.00  15:40:04 00062082607TRLO0 LSE
364 360.00  15:40:04 00062082608TRLO0 LSE
450 359.50  16:01:40 00062084864TRLO0 LSE
804 359.50  16:01:40 00062084865TRLO0 LSE
1699 360.00  16:13:38 00062086203TRLO0 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

Companies

Zigup (ZIG)
UK 100

Latest directors dealings