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

20 October 2022

REDDE NORTHGATE PLC

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

Transaction in Own Shares

Redde Northgate plc (LSE:REDD) announces that on 20 October 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 :  320.3845 pence per share
Highest purchase price paid :  322 pence per share
Lowest purchase price paid :  316.5 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 12,991,477 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 233,099,946 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 20 October 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
1 316.50  08:12:54 00061665417TRLO0 LSE
773 318.00  09:07:11 00061666861TRLO0 LSE
420 319.00  09:09:18 00061666914TRLO0 LSE
2150 319.00  09:09:18 00061666915TRLO0 LSE
1027 318.50  09:09:56 00061666943TRLO0 LSE
773 318.50  09:09:56 00061666944TRLO0 LSE
368 318.00  09:11:38 00061667002TRLO0 LSE
700 318.00  09:11:38 00061667003TRLO0 LSE
196 318.00  09:11:38 00061667004TRLO0 LSE
700 318.00  09:11:38 00061667005TRLO0 LSE
556 319.50  09:24:14 00061667321TRLO0 LSE
277 319.50  09:24:14 00061667322TRLO0 LSE
1844 319.50  09:24:14 00061667323TRLO0 LSE
784 319.00  09:37:35 00061667842TRLO0 LSE
1127 319.00  09:37:35 00061667843TRLO0 LSE
1759 318.50  09:41:48 00061667960TRLO0 LSE
1003 318.00  09:56:07 00061668401TRLO0 LSE
1132 318.00  09:56:07 00061668402TRLO0 LSE
266 320.50  10:05:29 00061668811TRLO0 LSE
1874 320.50  10:05:29 00061668812TRLO0 LSE
1782 320.50  10:07:35 00061668869TRLO0 LSE
1000 321.00  10:15:22 00061669182TRLO0 LSE
2253 321.00  10:21:41 00061669401TRLO0 LSE
110 320.50  10:21:41 00061669402TRLO0 LSE
2646 320.50  10:21:41 00061669403TRLO0 LSE
1998 320.00  10:22:53 00061669476TRLO0 LSE
3576 321.50  11:09:41 00061670949TRLO0 LSE
1914 321.00  11:17:03 00061671186TRLO0 LSE
986 321.00  11:17:03 00061671187TRLO0 LSE
1065 321.00  11:17:03 00061671188TRLO0 LSE
6 320.50  11:46:03 00061671802TRLO0 LSE
113 321.00  11:50:09 00061671892TRLO0 LSE
540 321.00  11:50:32 00061671948TRLO0 LSE
1466 321.00  11:50:32 00061671949TRLO0 LSE
714 320.50  11:57:13 00061672345TRLO0 LSE
793 320.50  11:58:18 00061672416TRLO0 LSE
612 320.50  11:58:18 00061672417TRLO0 LSE
1897 320.50  11:58:18 00061672418TRLO0 LSE
1953 320.00  11:58:18 00061672419TRLO0 LSE
2041 321.00  12:42:46 00061673723TRLO0 LSE
1656 321.00  12:42:46 00061673724TRLO0 LSE
129 321.00  12:42:46 00061673725TRLO0 LSE
488 321.00  12:48:05 00061673917TRLO0 LSE
25000 321.00  12:55:32 00061674131TRLO0 LSE
1999 321.00  13:07:21 00061674366TRLO0 LSE
2133 320.50  13:15:17 00061674628TRLO0 LSE
692 321.00  13:26:59 00061675504TRLO0 LSE
700 321.00  13:26:59 00061675505TRLO0 LSE
594 321.00  13:26:59 00061675506TRLO0 LSE
1900 321.00  13:55:44 00061676817TRLO0 LSE
1438 319.50  14:07:19 00061677170TRLO0 LSE
522 319.50  14:07:19 00061677171TRLO0 LSE
2170 319.00  14:27:50 00061677922TRLO0 LSE
1953 319.50  14:48:35 00061679515TRLO0 LSE
192 319.50  14:48:35 00061679516TRLO0 LSE
1873 319.50  14:52:47 00061679778TRLO0 LSE
377 319.50  15:05:13 00061680610TRLO0 LSE
861 319.50  15:05:18 00061680617TRLO0 LSE
1798 322.00  15:22:35 00061681646TRLO0 LSE
554 321.00  15:33:35 00061682279TRLO0 LSE
1564 321.00  15:33:35 00061682280TRLO0 LSE
2023 320.50  15:52:22 00061682974TRLO0 LSE
700 320.50  16:02:53 00061683490TRLO0 LSE
1067 320.50  16:02:53 00061683491TRLO0 LSE
2422 320.50  16:18:28 00061684190TRLO0 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