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REG - Redde Northgate PLC - Transaction in Own Shares

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RNS Number : 3925W  Redde Northgate PLC  18 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

18 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 17 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            :  97,834
 Weighted average purchase price paid  :  382.1227 pence per share
 Highest purchase price paid           :  385.5 pence per share
 Lowest purchase price paid            :  378 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 7,950,984 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 238,140,439, 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 17 August 2022)

 

 Number of shares  Transaction price      Time of transaction  Transaction reference number  Venue

purchased
(GB pence per share)
 350               383.00                  08:13:44            00060557594TRLO0              LSE
 25                383.00                  08:13:44            00060557595TRLO0              LSE
 1566              383.50                  08:41:23            00060558409TRLO0              LSE
 1725              383.50                  08:41:23            00060558410TRLO0              LSE
 2448              383.00                  08:54:26            00060558894TRLO0              LSE
 44                382.50                  08:54:26            00060558896TRLO0              LSE
 1787              384.00                  08:55:26            00060558979TRLO0              LSE
 1557              384.50                  09:02:07            00060559200TRLO0              LSE
 307               384.50                  09:02:07            00060559201TRLO0              LSE
 1555              384.50                  09:02:07            00060559203TRLO0              LSE
 1533              385.50                  09:19:54            00060559952TRLO0              LSE
 1020              385.50                  09:19:54            00060559953TRLO0              LSE
 850               385.50                  09:19:54            00060559954TRLO0              LSE
 1240              385.00                  09:37:29            00060560570TRLO0              LSE
 444               385.00                  09:37:29            00060560571TRLO0              LSE
 656               384.50                  09:46:20            00060560785TRLO0              LSE
 800               384.50                  09:46:20            00060560794TRLO0              LSE
 800               384.50                  09:46:20            00060560795TRLO0              LSE
 38                384.50                  09:46:20            00060560796TRLO0              LSE
 177               384.50                  09:46:21            00060560797TRLO0              LSE
 724               384.50                  09:46:21            00060560798TRLO0              LSE
 1565              384.00                  09:52:24            00060561208TRLO0              LSE
 451               385.50                  10:15:15            00060561894TRLO0              LSE
 790               385.50                  10:15:15            00060561895TRLO0              LSE
 550               385.50                  10:15:15            00060561896TRLO0              LSE
 2150              385.50                  10:29:53            00060562838TRLO0              LSE
 1000              385.50                  11:02:27            00060564010TRLO0              LSE
 592               385.50                  11:02:27            00060564012TRLO0              LSE
 510               385.00                  11:19:33            00060564915TRLO0              LSE
 1082              385.00                  11:19:33            00060564916TRLO0              LSE
 1513              385.00                  11:19:33            00060564917TRLO0              LSE
 90                383.50                  11:26:10            00060565187TRLO0              LSE
 1557              383.50                  11:26:10            00060565188TRLO0              LSE
 503               383.00                  11:40:40            00060565643TRLO0              LSE
 480               383.00                  11:55:49            00060565953TRLO0              LSE
 87                383.00                  12:09:22            00060566481TRLO0              LSE
 335               383.00                  12:09:22            00060566482TRLO0              LSE
 215               383.00                  12:09:22            00060566483TRLO0              LSE
 1616              383.00                  12:09:22            00060566484TRLO0              LSE
 576               382.00                  12:14:22            00060566582TRLO0              LSE
 506               382.00                  12:18:25            00060566718TRLO0              LSE
 508               382.00                  12:18:25            00060566719TRLO0              LSE
 372               381.50                  12:46:46            00060567516TRLO0              LSE
 470               381.50                  13:04:54            00060568040TRLO0              LSE
 245               381.50                  13:06:51            00060568083TRLO0              LSE
 536               381.50                  13:06:51            00060568084TRLO0              LSE
 1860              381.50                  13:06:51            00060568085TRLO0              LSE
 225               381.00                  13:13:31            00060568190TRLO0              LSE
 525               381.00                  13:19:43            00060568332TRLO0              LSE
 931               381.00                  13:25:48            00060568534TRLO0              LSE
 45                381.00                  13:25:48            00060568535TRLO0              LSE
 1625              381.00                  13:25:48            00060568536TRLO0              LSE
 422               380.50                  13:26:04            00060568546TRLO0              LSE
 876               380.50                  13:54:48            00060569490TRLO0              LSE
 292               380.50                  13:54:48            00060569491TRLO0              LSE
 1668              380.50                  13:54:48            00060569492TRLO0              LSE
 176               380.50                  13:54:48            00060569493TRLO0              LSE
 202               379.50                  14:11:52            00060570151TRLO0              LSE
 61                379.50                  14:11:52            00060570152TRLO0              LSE
 465               379.50                  14:20:25            00060570432TRLO0              LSE
 1780              379.50                  14:20:25            00060570433TRLO0              LSE
 495               379.00                  14:30:07            00060570758TRLO0              LSE
 507               379.00                  14:32:43            00060570944TRLO0              LSE
 301               379.00                  14:33:13            00060570967TRLO0              LSE
 437               379.00                  14:35:19            00060571050TRLO0              LSE
 321               379.00                  14:38:10            00060571156TRLO0              LSE
 149               379.00                  14:38:10            00060571157TRLO0              LSE
 479               379.00                  14:41:34            00060571403TRLO0              LSE
 1130              379.00                  14:41:34            00060571404TRLO0              LSE
 1600              380.50                  14:59:17            00060572138TRLO0              LSE
 373               381.00                  15:01:32            00060572247TRLO0              LSE
 497               381.00                  15:01:32            00060572248TRLO0              LSE
 1814              382.50                  15:02:00            00060572262TRLO0              LSE
 70                382.50                  15:02:10            00060572267TRLO0              LSE
 523               383.50                  15:08:18            00060572582TRLO0              LSE
 10226             383.50                  15:08:18            00060572583TRLO0              LSE
 576               383.50                  15:08:18            00060572584TRLO0              LSE
 3200              383.50                  15:08:18            00060572585TRLO0              LSE
 800               383.50                  15:08:18            00060572586TRLO0              LSE
 89                383.50                  15:08:18            00060572587TRLO0              LSE
 625               383.50                  15:08:18            00060572588TRLO0              LSE
 135               383.50                  15:08:18            00060572589TRLO0              LSE
 1730              381.50                  15:13:20            00060572801TRLO0              LSE
 339               380.00                  15:25:59            00060573433TRLO0              LSE
 1513              380.00                  15:29:25            00060573548TRLO0              LSE
 1790              380.00                  15:29:25            00060573549TRLO0              LSE
 238               380.00                  15:44:16            00060574266TRLO0              LSE
 492               380.00                  15:46:17            00060574376TRLO0              LSE
 472               380.00                  15:48:17            00060574462TRLO0              LSE
 466               380.00                  15:50:20            00060574593TRLO0              LSE
 1853              380.00                  15:50:20            00060574596TRLO0              LSE
 263               380.00                  15:50:20            00060574598TRLO0              LSE
 800               380.00                  15:50:20            00060574600TRLO0              LSE
 776               380.00                  15:50:20            00060574603TRLO0              LSE
 44                379.00                  15:50:35            00060574656TRLO0              LSE
 517               379.00                  15:53:31            00060574849TRLO0              LSE
 843               379.00                  15:53:31            00060574850TRLO0              LSE
 476               379.00                  15:56:20            00060575099TRLO0              LSE
 526               379.00                  15:59:05            00060575331TRLO0              LSE
 94                379.00                  16:00:00            00060575413TRLO0              LSE
 289               379.00                  16:01:00            00060575587TRLO0              LSE
 1353              379.00                  16:01:12            00060575606TRLO0              LSE
 409               379.00                  16:01:12            00060575607TRLO0              LSE
 1191              379.00                  16:01:12            00060575608TRLO0              LSE
 671               379.00                  16:01:12            00060575609TRLO0              LSE
 41                379.00                  16:01:28            00060575637TRLO0              LSE
 14                379.00                  16:01:28            00060575638TRLO0              LSE
 1784              378.50                  16:10:44            00060576662TRLO0              LSE
 1750              378.50                  16:10:44            00060576663TRLO0              LSE
 1863              378.50                  16:10:44            00060576664TRLO0              LSE
 206               378.00                  16:17:48            00060577283TRLO0              LSE
 432               378.00                  16:18:28            00060577334TRLO0              LSE
 305               378.00                  16:21:07            00060577588TRLO0              LSE
 513               378.00                  16:21:17            00060577603TRLO0              LSE
 21                378.00                  16:21:18            00060577604TRLO0              LSE
 20                378.00                  16:21:22            00060577614TRLO0              LSE
 295               378.00                  16:23:59            00060577856TRLO0              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 (http://www.reddenorthgate.com)

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