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REG - Redde Northgate PLC - Transaction in Own Shares

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RNS Number : 8348W  Redde Northgate PLC  23 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

23 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 22 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            :  200,000
 Weighted average purchase price paid  :  358.4852 pence per share
 Highest purchase price paid           :  366 pence per share
 Lowest purchase price paid            :  352 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 8,330,984 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 237,760,439, 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 22 August 2022)

 

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

purchased
(GB pence per share)
 50000             366.00                  08:50:42            00060625465TRLO0              LSE
 1782              365.50                  09:00:35            00060625701TRLO0              LSE
 1737              364.50                  09:00:35            00060625702TRLO0              LSE
 1961              363.50                  09:03:11            00060625853TRLO0              LSE
 605               362.50                  09:05:35            00060625944TRLO0              LSE
 58                363.50                  09:15:52            00060626866TRLO0              LSE
 1381              363.50                  09:15:52            00060626867TRLO0              LSE
 690               363.00                  09:16:00            00060626903TRLO0              LSE
 652               363.00                  09:17:49            00060627082TRLO0              LSE
 284               363.00                  09:17:49            00060627081TRLO0              LSE
 1020              365.00                  09:47:35            00060628096TRLO0              LSE
 312               365.00                  09:47:35            00060628095TRLO0              LSE
 997               364.50                  10:00:28            00060628525TRLO0              LSE
 342               364.50                  10:04:07            00060628628TRLO0              LSE
 606               364.50                  10:04:07            00060628630TRLO0              LSE
 189               364.50                  10:04:07            00060628629TRLO0              LSE
 329               365.00                  10:16:50            00060628958TRLO0              LSE
 14                365.00                  10:16:50            00060628957TRLO0              LSE
 211               364.50                  10:21:10            00060629078TRLO0              LSE
 103               364.50                  10:21:10            00060629080TRLO0              LSE
 2210              364.50                  10:21:10            00060629079TRLO0              LSE
 1590              364.00                  10:23:18            00060629203TRLO0              LSE
 1645              361.50                  10:39:37            00060629864TRLO0              LSE
 1138              360.00                  11:12:49            00060631197TRLO0              LSE
 386               357.00                  11:24:42            00060631527TRLO0              LSE
 283               357.00                  11:27:55            00060631616TRLO0              LSE
 219               357.00                  11:30:58            00060631774TRLO0              LSE
 782               357.00                  11:30:58            00060631773TRLO0              LSE
 1195              359.50                  12:05:33            00060632804TRLO0              LSE
 519               359.50                  12:10:40            00060632949TRLO0              LSE
 499               359.00                  12:49:54            00060633871TRLO0              LSE
 497               359.00                  13:00:47            00060634232TRLO0              LSE
 447               359.00                  13:15:09            00060634668TRLO0              LSE
 521               359.00                  13:15:09            00060634667TRLO0              LSE
 578               359.00                  13:15:09            00060634666TRLO0              LSE
 42                359.00                  13:15:09            00060634665TRLO0              LSE
 524               359.00                  13:15:09            00060634664TRLO0              LSE
 1752              358.50                  13:15:09            00060634669TRLO0              LSE
 484               354.00                  13:31:39            00060635396TRLO0              LSE
 1271              354.50                  13:45:19            00060635916TRLO0              LSE
 299               354.50                  13:45:19            00060635915TRLO0              LSE
 770               354.00                  13:46:27            00060635983TRLO0              LSE
 840               353.00                  13:49:39            00060636215TRLO0              LSE
 50000             355.75                  14:18:19            00060637073TRLO0              LSE
 2330              354.50                  14:33:44            00060638112TRLO0              LSE
 102               354.50                  14:33:44            00060638114TRLO0              LSE
 2322              354.50                  14:33:44            00060638122TRLO0              LSE
 1856              354.00                  14:35:42            00060638320TRLO0              LSE
 245               354.00                  14:48:10            00060639033TRLO0              LSE
 1547              355.00                  15:01:10            00060639854TRLO0              LSE
 299               354.50                  15:09:23            00060640260TRLO0              LSE
 457               354.50                  15:09:23            00060640263TRLO0              LSE
 1180              354.50                  15:09:23            00060640262TRLO0              LSE
 1385              354.50                  15:09:23            00060640261TRLO0              LSE
 22                354.50                  15:09:23            00060640264TRLO0              LSE
 436               354.50                  15:09:23            00060640269TRLO0              LSE
 441               354.50                  15:09:23            00060640268TRLO0              LSE
 157               354.50                  15:09:23            00060640267TRLO0              LSE
 189               354.50                  15:09:23            00060640266TRLO0              LSE
 851               354.50                  15:09:23            00060640265TRLO0              LSE
 2423              353.50                  15:11:31            00060640396TRLO0              LSE
 260               353.50                  15:11:32            00060640398TRLO0              LSE
 312               353.50                  15:11:32            00060640397TRLO0              LSE
 1040              353.50                  15:11:32            00060640399TRLO0              LSE
 324               353.50                  15:11:32            00060640400TRLO0              LSE
 710               353.50                  15:11:32            00060640401TRLO0              LSE
 77                353.50                  15:11:39            00060640406TRLO0              LSE
 678               353.50                  15:11:39            00060640405TRLO0              LSE
 590               353.50                  15:11:39            00060640404TRLO0              LSE
 111               353.50                  15:11:39            00060640403TRLO0              LSE
 1689              353.00                  15:13:55            00060640520TRLO0              LSE
 827               352.50                  15:25:53            00060641191TRLO0              LSE
 1604              352.50                  15:25:53            00060641190TRLO0              LSE
 1505              352.50                  15:25:53            00060641189TRLO0              LSE
 104               353.00                  15:25:53            00060641198TRLO0              LSE
 141               353.00                  15:25:53            00060641197TRLO0              LSE
 505               353.00                  15:25:53            00060641196TRLO0              LSE
 995               353.00                  15:25:53            00060641195TRLO0              LSE
 2645              353.00                  15:25:53            00060641194TRLO0              LSE
 472               353.00                  15:25:53            00060641193TRLO0              LSE
 600               353.00                  15:25:53            00060641192TRLO0              LSE
 1573              352.00                  15:34:52            00060642067TRLO0              LSE
 1661              352.00                  15:34:52            00060642066TRLO0              LSE
 1507              352.00                  15:35:13            00060642095TRLO0              LSE
 1512              352.00                  15:35:13            00060642094TRLO0              LSE
 1651              352.00                  15:35:13            00060642097TRLO0              LSE
 530               352.00                  15:35:13            00060642096TRLO0              LSE
 494               353.50                  15:50:34            00060643214TRLO0              LSE
 1701              353.50                  15:50:34            00060643213TRLO0              LSE
 1526              354.50                  15:59:22            00060644129TRLO0              LSE
 665               354.50                  15:59:22            00060644128TRLO0              LSE
 1031              354.50                  15:59:22            00060644127TRLO0              LSE
 1616              354.50                  15:59:22            00060644126TRLO0              LSE
 1656              354.50                  15:59:22            00060644125TRLO0              LSE
 4013              354.50                  15:59:22            00060644124TRLO0              LSE
 1345              354.50                  15:59:22            00060644131TRLO0              LSE
 500               354.50                  15:59:22            00060644130TRLO0              LSE
 766               354.00                  16:05:50            00060644731TRLO0              LSE
 188               354.00                  16:07:53            00060644875TRLO0              LSE
 654               354.00                  16:07:53            00060644876TRLO0              LSE
 706               354.00                  16:10:00            00060645019TRLO0              LSE
 152               354.00                  16:10:00            00060645021TRLO0              LSE
 706               354.00                  16:10:00            00060645020TRLO0              LSE
 172               354.00                  16:15:37            00060645502TRLO0              LSE
 1671              354.00                  16:18:08            00060645738TRLO0              LSE
 1698              354.00                  16:18:08            00060645737TRLO0              LSE
 2095              354.00                  16:18:08            00060645736TRLO0              LSE
 987               354.00                  16:18:08            00060645735TRLO0              LSE
 342               354.00                  16:18:08            00060645734TRLO0              LSE
 120               354.00                  16:20:08            00060645881TRLO0              LSE
 1061              354.00                  16:20:08            00060645880TRLO0              LSE
 1063              354.00                  16:20:08            00060645879TRLO0              LSE
 996               354.00                  16:20:08            00060645878TRLO0              LSE
 447               354.00                  16:20:08            00060645877TRLO0              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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