Transaction in Own Shares

RNS Number : 2362W

Redde Northgate PLC

17 August 2022

 

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

17 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 16 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	:  80,000
Weighted average purchase price paid	:  384.4697 pence per share
Highest purchase price paid	:  388.5 pence per share
Lowest purchase price paid	:  382pence per share

Following the above transaction, the Company's issued share capital consists of 246,091,423 ordinary shares of 50p each, of which 7,853,150 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 238,238,273, 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 August 2022)

Number of shares purchased	Transaction price (GB pence per share)	Time of transaction	Transaction reference number	Venue
295	384.50	08:20:03	00060536496TRLO0	LSE
69	384.50	08:20:03	00060536497TRLO0	LSE
647	386.00	09:02:28	00060537809TRLO0	LSE
1167	386.00	09:02:28	00060537810TRLO0	LSE
2382	385.50	09:17:34	00060538526TRLO0	LSE
9	387.00	09:34:03	00060538962TRLO0	LSE
730	388.50	09:41:01	00060539204TRLO0	LSE
231	388.50	09:41:01	00060539205TRLO0	LSE
1377	388.50	09:41:01	00060539206TRLO0	LSE
2079	388.50	09:41:01	00060539207TRLO0	LSE
1862	387.50	09:46:10	00060539357TRLO0	LSE
202	387.00	09:46:30	00060539365TRLO0	LSE
1407	387.00	09:46:30	00060539366TRLO0	LSE
1675	387.00	10:02:30	00060539877TRLO0	LSE
1550	386.50	10:02:30	00060539878TRLO0	LSE
1597	385.50	10:20:11	00060540858TRLO0	LSE
1775	385.00	11:12:45	00060543215TRLO0	LSE
461	385.00	11:52:24	00060544676TRLO0	LSE
105	385.00	12:27:12	00060545367TRLO0	LSE
1771	385.00	12:27:12	00060545368TRLO0	LSE
96	384.50	12:44:57	00060545915TRLO0	LSE
488	384.50	12:58:48	00060546300TRLO0	LSE
514	384.50	13:12:03	00060546695TRLO0	LSE
1820	385.00	13:25:45	00060547140TRLO0	LSE
1527	384.50	13:47:52	00060547799TRLO0	LSE
969	384.50	13:47:52	00060547800TRLO0	LSE
1727	384.00	13:53:55	00060547947TRLO0	LSE
820	384.00	13:53:55	00060547948TRLO0	LSE
799	384.00	13:53:55	00060547959TRLO0	LSE
305	383.50	14:12:54	00060548530TRLO0	LSE
1285	383.50	14:12:54	00060548531TRLO0	LSE
543	383.00	14:16:06	00060548612TRLO0	LSE
123	383.00	14:16:06	00060548613TRLO0	LSE
1127	383.00	14:16:06	00060548614TRLO0	LSE
347	383.00	14:27:03	00060548967TRLO0	LSE
649	383.00	14:30:23	00060549157TRLO0	LSE
701	383.00	14:30:23	00060549158TRLO0	LSE
1117	383.50	14:53:49	00060550768TRLO0	LSE
647	383.50	14:53:49	00060550769TRLO0	LSE
652	383.50	14:58:55	00060551056TRLO0	LSE
157	383.50	14:58:55	00060551057TRLO0	LSE
700	383.50	14:58:55	00060551058TRLO0	LSE
521	383.00	15:00:15	00060551151TRLO0	LSE
988	383.00	15:00:18	00060551155TRLO0	LSE
1325	383.00	15:00:18	00060551156TRLO0	LSE
303	383.00	15:01:57	00060551286TRLO0	LSE
179	383.00	15:05:42	00060551460TRLO0	LSE
352	383.00	15:05:42	00060551461TRLO0	LSE
54	383.00	15:11:57	00060551790TRLO0	LSE
526	383.00	15:13:12	00060551856TRLO0	LSE
527	383.00	15:17:54	00060552123TRLO0	LSE
222	383.00	15:17:54	00060552124TRLO0	LSE
170	383.00	15:17:54	00060552125TRLO0	LSE
807	383.00	15:17:54	00060552126TRLO0	LSE
700	383.00	15:17:54	00060552127TRLO0	LSE
28	383.00	15:17:54	00060552128TRLO0	LSE
13	382.50	15:17:55	00060552130TRLO0	LSE
484	382.50	15:23:06	00060552430TRLO0	LSE
1052	382.50	15:24:30	00060552456TRLO0	LSE
1777	382.50	15:24:30	00060552457TRLO0	LSE
843	382.00	15:25:27	00060552546TRLO0	LSE
724	382.00	15:25:27	00060552547TRLO0	LSE
506	382.50	15:42:33	00060553334TRLO0	LSE
505	382.50	15:45:39	00060553518TRLO0	LSE
421	382.50	15:50:06	00060553817TRLO0	LSE
190	385.00	15:55:57	00060554157TRLO0	LSE
506	385.00	15:55:57	00060554158TRLO0	LSE
307	385.00	15:56:04	00060554159TRLO0	LSE
3500	385.00	15:56:04	00060554160TRLO0	LSE
531	385.00	15:56:04	00060554161TRLO0	LSE
700	385.00	15:56:04	00060554162TRLO0	LSE
700	385.00	15:56:04	00060554163TRLO0	LSE
700	385.00	15:56:04	00060554164TRLO0	LSE
992	385.00	15:56:04	00060554165TRLO0	LSE
2599	385.00	15:56:22	00060554173TRLO0	LSE
1521	385.00	15:56:22	00060554174TRLO0	LSE
498	385.00	15:56:37	00060554186TRLO0	LSE
2122	384.50	15:56:50	00060554194TRLO0	LSE
485	384.50	15:56:57	00060554202TRLO0	LSE
2426	384.00	15:57:31	00060554231TRLO0	LSE
1895	384.00	15:57:31	00060554232TRLO0	LSE
1638	383.00	16:01:58	00060554475TRLO0	LSE
331	382.50	16:05:17	00060554632TRLO0	LSE
250	382.50	16:05:17	00060554633TRLO0	LSE
382	382.50	16:05:17	00060554634TRLO0	LSE
601	382.50	16:05:20	00060554636TRLO0	LSE
523	382.00	16:08:14	00060554784TRLO0	LSE
103	382.00	16:08:37	00060554812TRLO0	LSE
502	382.00	16:09:23	00060554883TRLO0	LSE
342	382.00	16:10:29	00060554927TRLO0	LSE
414	382.00	16:13:50	00060555198TRLO0	LSE
473	382.00	16:14:50	00060555291TRLO0	LSE
532	382.00	16:16:05	00060555378TRLO0	LSE
77	382.00	16:17:14	00060555457TRLO0	LSE
405	383.50	16:19:14	00060555579TRLO0	LSE
304	383.50	16:19:14	00060555580TRLO0	LSE
489	383.50	16:19:14	00060555581TRLO0	LSE
317	383.50	16:19:14	00060555582TRLO0	LSE
172	383.50	16:19:14	00060555583TRLO0	LSE
1	383.50	16:19:44	00060555608TRLO0	LSE
420	383.50	16:19:44	00060555609TRLO0	LSE
521	383.50	16:20:50	00060555674TRLO0	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    [phone]

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

 

END

 

 

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