Transaction in Own Shares

RNS Number : 0903W

Redde Northgate PLC

16 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

16 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 15 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	:  110,000
Weighted average purchase price paid	:  388.4454 pence per share
Highest purchase price paid	:  391.5 pence per share
Lowest purchase price paid	:  384 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 7,773,150 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 238,318,273 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 15 August 2022)

Number of shares purchased	Transaction price (GB pence per share)	Time of transaction	Transaction reference number	Venue
1026	387.00	08:23:59	00060522298TRLO0	LSE
700	387.00	08:23:59	00060522297TRLO0	LSE
266	387.00	08:23:59	00060522296TRLO0	LSE
2183	391.50	08:43:17	00060522622TRLO0	LSE
1840	391.00	08:43:17	00060522623TRLO0	LSE
670	390.50	08:43:17	00060522624TRLO0	LSE
727	390.50	08:58:02	00060522921TRLO0	LSE
443	390.50	08:58:02	00060522922TRLO0	LSE
1856	390.50	08:58:02	00060522923TRLO0	LSE
330	390.00	09:03:25	00060523055TRLO0	LSE
1581	390.00	09:03:25	00060523056TRLO0	LSE
1904	389.50	09:20:34	00060523643TRLO0	LSE
23	390.00	09:21:37	00060523675TRLO0	LSE
146	390.00	09:21:37	00060523676TRLO0	LSE
224	390.00	09:21:37	00060523677TRLO0	LSE
55000	390.00	09:21:42	00060523678TRLO0	LSE
642	389.00	09:34:14	00060523940TRLO0	LSE
584	389.00	09:34:14	00060523941TRLO0	LSE
646	389.00	09:34:14	00060523942TRLO0	LSE
1	387.50	10:35:42	00060524981TRLO0	LSE
125	387.50	11:21:52	00060525773TRLO0	LSE
1746	387.50	11:21:52	00060525774TRLO0	LSE
642	387.50	12:18:37	00060527070TRLO0	LSE
995	387.50	12:18:37	00060527071TRLO0	LSE
1805	387.50	12:18:37	00060527072TRLO0	LSE
134	387.50	12:18:37	00060527073TRLO0	LSE
946	387.00	12:19:16	00060527095TRLO0	LSE
886	387.00	12:19:16	00060527096TRLO0	LSE
488	385.00	12:20:33	00060527111TRLO0	LSE
940	385.00	12:20:39	00060527113TRLO0	LSE
187	385.00	12:39:27	00060527435TRLO0	LSE
1666	385.00	12:53:15	00060527664TRLO0	LSE
255	384.50	13:01:35	00060527846TRLO0	LSE
684	384.50	13:01:35	00060527847TRLO0	LSE
684	384.50	13:01:35	00060527848TRLO0	LSE
226	384.50	13:01:35	00060527849TRLO0	LSE
522	384.00	13:15:44	00060528133TRLO0	LSE
1176	384.00	13:16:23	00060528140TRLO0	LSE
45	384.00	13:16:23	00060528141TRLO0	LSE
780	385.50	13:39:15	00060528537TRLO0	LSE
1031	385.50	13:39:15	00060528538TRLO0	LSE
476	385.00	14:04:35	00060529017TRLO0	LSE
871	385.00	14:04:38	00060529018TRLO0	LSE
368	386.00	14:20:34	00060529477TRLO0	LSE
338	386.00	14:25:17	00060529555TRLO0	LSE
332	386.00	14:26:10	00060529585TRLO0	LSE
526	386.00	14:33:03	00060529868TRLO0	LSE
366	386.00	14:33:03	00060529869TRLO0	LSE
348	386.00	14:33:03	00060529870TRLO0	LSE
500	386.00	14:35:51	00060530013TRLO0	LSE
399	386.00	14:36:15	00060530045TRLO0	LSE
330	386.00	14:36:15	00060530046TRLO0	LSE
1833	386.00	14:36:15	00060530047TRLO0	LSE
102	385.50	14:39:27	00060530215TRLO0	LSE
519	385.50	14:43:48	00060530380TRLO0	LSE
503	385.50	14:45:10	00060530451TRLO0	LSE
491	385.50	14:49:03	00060530685TRLO0	LSE
252	385.50	14:53:47	00060530987TRLO0	LSE
100	385.50	15:01:56	00060531440TRLO0	LSE
480	385.50	15:05:05	00060531623TRLO0	LSE
493	385.50	15:08:14	00060531781TRLO0	LSE
536	385.50	15:11:39	00060531968TRLO0	LSE
133	385.50	15:14:38	00060532135TRLO0	LSE
1719	385.50	15:20:27	00060532312TRLO0	LSE
1	385.50	15:20:27	00060532313TRLO0	LSE
1400	385.50	15:20:27	00060532314TRLO0	LSE
308	385.50	15:20:27	00060532315TRLO0	LSE
510	385.00	15:20:55	00060532354TRLO0	LSE
488	385.00	15:21:45	00060532410TRLO0	LSE
344	385.00	15:21:57	00060532421TRLO0	LSE
368	385.00	15:23:37	00060532463TRLO0	LSE
110	385.00	15:25:56	00060532541TRLO0	LSE
502	385.50	15:40:48	00060533138TRLO0	LSE
477	385.50	15:44:39	00060533337TRLO0	LSE
518	385.50	15:47:09	00060533486TRLO0	LSE
326	385.50	15:47:57	00060533497TRLO0	LSE
222	385.50	15:49:44	00060533576TRLO0	LSE
341	385.50	15:54:18	00060533796TRLO0	LSE
476	385.50	15:55:33	00060533847TRLO0	LSE
492	385.50	15:58:42	00060533942TRLO0	LSE
53	385.50	16:00:51	00060534015TRLO0	LSE
163	385.50	16:00:51	00060534016TRLO0	LSE
1418	385.50	16:00:51	00060534017TRLO0	LSE
238	385.00	16:08:33	00060534375TRLO0	LSE
477	385.00	16:11:12	00060534466TRLO0	LSE
73	385.00	16:11:56	00060534492TRLO0	LSE
36	385.00	16:12:31	00060534513TRLO0	LSE
307	385.00	16:12:36	00060534516TRLO0	LSE
430	385.00	16:12:58	00060534536TRLO0	LSE
395	385.00	16:13:39	00060534556TRLO0	LSE
114	385.00	16:14:31	00060534578TRLO0	LSE
112	385.00	16:14:31	00060534579TRLO0	LSE
531	385.00	16:14:31	00060534580TRLO0	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    [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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