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REG - Redde Northgate PLC - Transaction in Own Shares

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RNS Number : 5336W  Redde Northgate PLC  19 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

19 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 18 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  :  379.8147 pence per share
 Highest purchase price paid           :  382 pence per share
 Lowest purchase price paid            :  376.5 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 8,030,984 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 238,060,439, 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 18 August 2022)

 

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

purchased
(GB pence per share)
 1600              380.50                  08:38:56            00060581445TRLO0              LSE
 1517              380.50                  08:38:56            00060581446TRLO0              LSE
 1223              381.00                  08:43:23            00060581746TRLO0              LSE
 598               381.00                  08:43:23            00060581747TRLO0              LSE
 800               381.00                  08:50:53            00060582193TRLO0              LSE
 845               381.00                  08:50:53            00060582194TRLO0              LSE
 1645              380.50                  08:52:48            00060582282TRLO0              LSE
 467               379.50                  09:10:22            00060583300TRLO0              LSE
 300               379.50                  09:10:22            00060583301TRLO0              LSE
 613               379.50                  09:10:22            00060583302TRLO0              LSE
 181               379.50                  09:10:22            00060583303TRLO0              LSE
 800               379.00                  09:18:23            00060583755TRLO0              LSE
 715               379.00                  09:18:23            00060583756TRLO0              LSE
 523               377.50                  09:23:40            00060584040TRLO0              LSE
 662               377.50                  09:24:02            00060584076TRLO0              LSE
 320               377.50                  09:24:02            00060584077TRLO0              LSE
 522               376.50                  09:44:30            00060584639TRLO0              LSE
 503               376.50                  10:01:03            00060585231TRLO0              LSE
 501               376.50                  10:11:54            00060585727TRLO0              LSE
 599               377.50                  10:26:05            00060586202TRLO0              LSE
 488               377.50                  10:26:05            00060586203TRLO0              LSE
 632               377.50                  10:26:05            00060586204TRLO0              LSE
 663               377.00                  10:30:09            00060586342TRLO0              LSE
 1092              377.00                  10:30:09            00060586343TRLO0              LSE
 185               377.00                  10:30:09            00060586344TRLO0              LSE
 201               376.50                  10:39:57            00060586803TRLO0              LSE
 533               376.50                  10:45:39            00060587029TRLO0              LSE
 1519              377.50                  10:47:29            00060587081TRLO0              LSE
 328               377.00                  10:48:38            00060587134TRLO0              LSE
 302               377.00                  10:51:47            00060587247TRLO0              LSE
 423               377.00                  10:57:49            00060587475TRLO0              LSE
 1088              378.00                  11:09:40            00060588055TRLO0              LSE
 4076              379.00                  11:17:19            00060588246TRLO0              LSE
 1004              379.00                  11:41:16            00060588695TRLO0              LSE
 360               379.00                  11:41:16            00060588696TRLO0              LSE
 590               379.50                  11:42:27            00060588717TRLO0              LSE
 319               379.50                  11:42:27            00060588718TRLO0              LSE
 396               379.50                  11:42:27            00060588719TRLO0              LSE
 366               379.50                  11:42:27            00060588720TRLO0              LSE
 936               379.50                  11:42:27            00060588721TRLO0              LSE
 83                379.00                  11:56:10            00060588945TRLO0              LSE
 256               379.00                  12:26:19            00060589523TRLO0              LSE
 482               379.00                  12:29:38            00060589709TRLO0              LSE
 868               379.00                  12:29:38            00060589710TRLO0              LSE
 1576              379.00                  12:29:38            00060589711TRLO0              LSE
 1556              379.00                  12:29:38            00060589712TRLO0              LSE
 200               379.00                  12:29:38            00060589713TRLO0              LSE
 1330              380.00                  12:53:48            00060590370TRLO0              LSE
 470               380.00                  12:53:48            00060590371TRLO0              LSE
 482               379.50                  13:15:12            00060591115TRLO0              LSE
 659               379.50                  13:20:12            00060591246TRLO0              LSE
 500               379.50                  13:20:12            00060591247TRLO0              LSE
 459               379.50                  13:21:03            00060591275TRLO0              LSE
 1102              379.50                  13:25:50            00060591458TRLO0              LSE
 1862              379.50                  13:25:50            00060591459TRLO0              LSE
 1038              380.50                  13:47:02            00060592355TRLO0              LSE
 525               380.50                  13:47:02            00060592356TRLO0              LSE
 1586              380.50                  13:47:02            00060592357TRLO0              LSE
 1816              380.00                  13:48:02            00060592413TRLO0              LSE
 519               380.00                  14:08:24            00060593415TRLO0              LSE
 1788              381.00                  14:26:04            00060594452TRLO0              LSE
 943               380.50                  14:26:04            00060594453TRLO0              LSE
 33                380.50                  14:26:10            00060594463TRLO0              LSE
 588               380.50                  14:30:36            00060594773TRLO0              LSE
 1012              380.50                  14:30:36            00060594774TRLO0              LSE
 696               380.50                  14:30:36            00060594775TRLO0              LSE
 800               380.00                  14:33:48            00060595140TRLO0              LSE
 884               380.00                  14:33:48            00060595141TRLO0              LSE
 897               381.00                  14:49:12            00060596572TRLO0              LSE
 842               381.00                  14:49:12            00060596573TRLO0              LSE
 472               381.00                  14:59:42            00060597311TRLO0              LSE
 1593              382.00                  15:06:01            00060597852TRLO0              LSE
 523               382.00                  15:06:02            00060597853TRLO0              LSE
 1197              382.00                  15:06:02            00060597854TRLO0              LSE
 1546              382.00                  15:11:02            00060598359TRLO0              LSE
 1546              381.50                  15:11:50            00060598466TRLO0              LSE
 521               381.00                  15:13:01            00060598598TRLO0              LSE
 514               381.00                  15:18:43            00060599046TRLO0              LSE
 475               381.00                  15:21:48            00060599296TRLO0              LSE
 453               381.50                  15:22:26            00060599335TRLO0              LSE
 93                381.50                  15:22:36            00060599336TRLO0              LSE
 477               381.50                  15:22:36            00060599337TRLO0              LSE
 492               381.50                  15:24:24            00060599380TRLO0              LSE
 1802              381.00                  15:34:34            00060599780TRLO0              LSE
 1603              380.50                  15:35:58            00060599844TRLO0              LSE
 12                380.50                  15:35:58            00060599845TRLO0              LSE
 422               380.00                  15:40:30            00060600015TRLO0              LSE
 868               380.00                  15:42:24            00060600071TRLO0              LSE
 390               380.00                  15:42:34            00060600086TRLO0              LSE
 172               379.00                  15:56:25            00060600793TRLO0              LSE
 439               379.00                  16:00:27            00060601037TRLO0              LSE
 190               380.50                  16:02:46            00060601142TRLO0              LSE
 107               380.50                  16:02:46            00060601143TRLO0              LSE
 133               380.50                  16:02:46            00060601144TRLO0              LSE
 24                380.50                  16:02:46            00060601145TRLO0              LSE
 29                380.50                  16:02:46            00060601146TRLO0              LSE
 69                380.50                  16:02:46            00060601147TRLO0              LSE
 1633              380.00                  16:02:49            00060601149TRLO0              LSE
 210               380.00                  16:03:49            00060601198TRLO0              LSE
 1092              380.00                  16:04:49            00060601256TRLO0              LSE
 133               379.50                  16:11:33            00060601632TRLO0              LSE
 303               379.50                  16:17:52            00060602194TRLO0              LSE
 330               379.50                  16:17:53            00060602195TRLO0              LSE
 1575              380.50                  16:21:48            00060602447TRLO0              LSE
 1566              380.50                  16:21:48            00060602448TRLO0              LSE
 709               380.50                  16:22:48            00060602529TRLO0              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
                +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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