Transaction in Own Shares

RNS Number : 6835W

Redde Northgate PLC

22 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

22 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 19 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	:  100,000
Weighted average purchase price paid	:  377.9246 pence per share
Highest purchase price paid	:  380 pence per share
Lowest purchase price paid	:  375.5 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 8,130,984 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 237,960,439, 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 19 August 2022)

Number of shares purchased	Transaction price (GB pence per share)	Time of transaction	Transaction reference number	Venue
1696	377.00	08:18:23	00060604698TRLO0	LSE
12	378.00	08:45:05	00060605269TRLO0	LSE
422	378.00	08:45:05	00060605270TRLO0	LSE
1739	378.00	08:45:05	00060605271TRLO0	LSE
1578	377.00	09:09:33	00060606243TRLO0	LSE
1542	376.50	09:30:29	00060606838TRLO0	LSE
173	376.00	09:37:30	00060607040TRLO0	LSE
1627	376.00	09:37:30	00060607041TRLO0	LSE
392	376.00	09:37:30	00060607044TRLO0	LSE
800	376.00	09:37:30	00060607043TRLO0	LSE
800	376.00	09:37:30	00060607042TRLO0	LSE
51	375.50	09:57:48	00060607640TRLO0	LSE
663	378.00	10:04:56	00060607981TRLO0	LSE
1668	378.00	10:04:56	00060607980TRLO0	LSE
2039	378.00	10:04:56	00060607982TRLO0	LSE
1668	378.00	10:04:56	00060607983TRLO0	LSE
36	378.00	10:04:56	00060607984TRLO0	LSE
3137	378.00	10:04:56	00060607986TRLO0	LSE
3405	378.00	10:04:56	00060607985TRLO0	LSE
800	377.50	10:06:00	00060608022TRLO0	LSE
907	377.50	10:06:00	00060608021TRLO0	LSE
1519	377.50	10:07:45	00060608071TRLO0	LSE
1669	378.00	10:24:47	00060608840TRLO0	LSE
223	380.00	11:25:08	00060610134TRLO0	LSE
658	380.00	11:25:08	00060610130TRLO0	LSE
777	380.00	11:25:08	00060610132TRLO0	LSE
1600	380.00	11:25:08	00060610131TRLO0	LSE
1644	380.00	11:25:08	00060610133TRLO0	LSE
1841	380.00	11:25:08	00060610135TRLO0	LSE
52	379.50	11:37:09	00060610341TRLO0	LSE
466	379.50	11:37:09	00060610343TRLO0	LSE
754	379.50	11:37:09	00060610342TRLO0	LSE
230	379.00	12:05:35	00060610780TRLO0	LSE
286	380.00	12:08:36	00060610836TRLO0	LSE
286	380.00	12:08:36	00060610835TRLO0	LSE
1071	380.00	12:08:36	00060610834TRLO0	LSE
305	379.00	12:10:45	00060610874TRLO0	LSE
316	379.00	12:13:55	00060610954TRLO0	LSE
318	379.00	12:17:15	00060611068TRLO0	LSE
305	379.00	12:20:35	00060611184TRLO0	LSE
316	379.00	12:23:45	00060611279TRLO0	LSE
24	379.00	12:27:05	00060611369TRLO0	LSE
282	379.00	12:27:05	00060611370TRLO0	LSE
1565	379.00	12:27:05	00060611371TRLO0	LSE
305	378.50	12:30:45	00060611499TRLO0	LSE
328	378.50	12:33:25	00060611559TRLO0	LSE
317	378.50	12:36:55	00060611675TRLO0	LSE
904	378.50	12:36:55	00060611676TRLO0	LSE
46	378.00	12:43:35	00060611853TRLO0	LSE
309	378.00	12:46:55	00060611911TRLO0	LSE
305	378.00	12:50:15	00060612030TRLO0	LSE
501	378.00	12:52:05	00060612069TRLO0	LSE
305	378.00	12:53:25	00060612135TRLO0	LSE
1579	379.00	13:35:08	00060613384TRLO0	LSE
462	378.50	13:53:04	00060613941TRLO0	LSE
317	378.50	13:59:18	00060614116TRLO0	LSE
800	378.50	13:59:18	00060614115TRLO0	LSE
1786	378.50	13:59:18	00060614117TRLO0	LSE
500	378.00	14:00:50	00060614181TRLO0	LSE
1561	378.00	14:10:26	00060614422TRLO0	LSE
484	377.50	14:18:29	00060614721TRLO0	LSE
534	377.50	14:30:17	00060615167TRLO0	LSE
29	379.00	14:35:35	00060615550TRLO0	LSE
1668	379.00	14:39:23	00060615723TRLO0	LSE
390	379.00	14:41:33	00060615899TRLO0	LSE
1436	379.00	14:41:33	00060615900TRLO0	LSE
1741	378.50	14:43:55	00060616231TRLO0	LSE
1877	378.50	14:43:55	00060616232TRLO0	LSE
409	377.50	14:51:32	00060616841TRLO0	LSE
683	377.50	14:51:32	00060616840TRLO0	LSE
696	377.50	14:51:32	00060616842TRLO0	LSE
534	377.00	15:03:44	00060617422TRLO0	LSE
521	377.00	15:06:50	00060617614TRLO0	LSE
457	377.00	15:09:32	00060617772TRLO0	LSE
148	378.00	15:22:58	00060618756TRLO0	LSE
1360	378.00	15:22:58	00060618757TRLO0	LSE
265	377.50	15:24:58	00060618832TRLO0	LSE
25000	377.50	15:27:57	00060618966TRLO0	LSE
276	377.50	15:35:35	00060619345TRLO0	LSE
1409	377.50	15:35:35	00060619346TRLO0	LSE
407	377.00	15:44:23	00060619604TRLO0	LSE
515	377.00	15:46:47	00060619663TRLO0	LSE
497	377.00	15:49:17	00060619727TRLO0	LSE
366	377.00	15:50:41	00060619779TRLO0	LSE
273	377.00	15:51:44	00060619809TRLO0	LSE
412	377.00	15:51:44	00060619810TRLO0	LSE
1237	377.00	15:51:44	00060619811TRLO0	LSE
555	377.00	15:51:44	00060619813TRLO0	LSE
1235	377.00	15:51:44	00060619812TRLO0	LSE
1679	377.00	16:01:23	00060620422TRLO0	LSE
220	377.00	16:06:59	00060620711TRLO0	LSE
700	377.00	16:06:59	00060620712TRLO0	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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