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REG - Redde Northgate PLC - Transaction in Own Shares

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RNS Number : 1431X  Redde Northgate PLC  25 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

25 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 24 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  :  350.7348 pence per share
 Highest purchase price paid           :  355 pence per share
 Lowest purchase price paid            :  346.5 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 8,640,984 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 237,450,439, 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 24 August 2022)

 

 

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

purchased
(GB pence per share)
 1800              349.50                  08:17:18            00060672070TRLO0              LSE
 467               349.50                  08:17:18            00060672069TRLO0              LSE
 1039              348.50                  08:21:56            00060672182TRLO0              LSE
 1052              348.50                  08:21:56            00060672183TRLO0              LSE
 1764              347.50                  08:30:26            00060672489TRLO0              LSE
 1521              346.50                  08:33:16            00060672682TRLO0              LSE
 1258              348.00                  08:47:50            00060673375TRLO0              LSE
 244               348.00                  08:47:50            00060673376TRLO0              LSE
 1793              348.00                  08:50:49            00060673463TRLO0              LSE
 1495              347.50                  08:56:01            00060673628TRLO0              LSE
 1846              351.00                  09:32:31            00060674690TRLO0              LSE
 1100              351.00                  09:32:31            00060674691TRLO0              LSE
 914               351.00                  09:32:31            00060674692TRLO0              LSE
 1771              351.50                  09:42:00            00060675170TRLO0              LSE
 276               351.00                  09:51:42            00060675703TRLO0              LSE
 1365              351.00                  09:51:42            00060675704TRLO0              LSE
 1351              350.50                  09:51:42            00060675708TRLO0              LSE
 1400              353.00                  10:06:03            00060676345TRLO0              LSE
 3319              353.00                  10:06:03            00060676346TRLO0              LSE
 587               352.00                  10:06:06            00060676362TRLO0              LSE
 698               352.00                  10:06:06            00060676366TRLO0              LSE
 667               352.00                  10:06:25            00060676388TRLO0              LSE
 1712              352.00                  10:06:25            00060676389TRLO0              LSE
 526               352.00                  10:39:21            00060677441TRLO0              LSE
 992               352.00                  10:39:21            00060677442TRLO0              LSE
 165               352.00                  10:39:21            00060677443TRLO0              LSE
 352               352.00                  10:39:21            00060677444TRLO0              LSE
 1061              351.50                  10:39:21            00060677445TRLO0              LSE
 746               351.50                  10:39:21            00060677446TRLO0              LSE
 1784              350.50                  10:46:33            00060677691TRLO0              LSE
 1490              349.50                  10:46:33            00060677692TRLO0              LSE
 1698              350.00                  10:46:33            00060677693TRLO0              LSE
 1504              349.50                  11:30:25            00060678653TRLO0              LSE
 657               349.00                  11:30:25            00060678654TRLO0              LSE
 994               349.00                  11:30:28            00060678656TRLO0              LSE
 1841              349.00                  11:37:13            00060678848TRLO0              LSE
 800               350.00                  12:27:55            00060680098TRLO0              LSE
 731               350.00                  12:27:55            00060680099TRLO0              LSE
 508               350.50                  12:49:30            00060680718TRLO0              LSE
 13                350.50                  12:49:30            00060680719TRLO0              LSE
 499               350.50                  12:49:30            00060680720TRLO0              LSE
 35                350.50                  12:49:30            00060680723TRLO0              LSE
 464               350.50                  12:49:30            00060680725TRLO0              LSE
 352               350.50                  12:49:30            00060680726TRLO0              LSE
 800               350.00                  12:50:30            00060680776TRLO0              LSE
 787               350.00                  12:50:30            00060680777TRLO0              LSE
 1806              349.50                  12:54:04            00060680863TRLO0              LSE
 40                350.00                  13:23:11            00060682057TRLO0              LSE
 368               350.00                  13:23:11            00060682058TRLO0              LSE
 333               350.00                  13:23:11            00060682059TRLO0              LSE
 450               350.00                  13:23:11            00060682060TRLO0              LSE
 109               350.00                  13:23:11            00060682061TRLO0              LSE
 5                 350.00                  13:23:11            00060682062TRLO0              LSE
 330               350.00                  13:23:11            00060682063TRLO0              LSE
 658               350.00                  13:23:51            00060682077TRLO0              LSE
 360               350.00                  13:23:51            00060682078TRLO0              LSE
 601               350.00                  13:36:02            00060682533TRLO0              LSE
 410               350.00                  13:36:02            00060682534TRLO0              LSE
 2066              349.50                  13:36:13            00060682541TRLO0              LSE
 334               349.50                  14:06:02            00060683674TRLO0              LSE
 258               350.00                  14:17:50            00060684099TRLO0              LSE
 329               350.00                  14:17:50            00060684100TRLO0              LSE
 309               350.00                  14:17:50            00060684101TRLO0              LSE
 150               350.00                  14:17:50            00060684102TRLO0              LSE
 378               350.50                  14:25:00            00060684433TRLO0              LSE
 936               350.50                  14:25:00            00060684434TRLO0              LSE
 187               350.50                  14:25:00            00060684435TRLO0              LSE
 952               350.50                  14:25:00            00060684436TRLO0              LSE
 774               350.50                  14:25:00            00060684437TRLO0              LSE
 500               350.50                  14:25:20            00060684472TRLO0              LSE
 490               350.50                  14:25:20            00060684473TRLO0              LSE
 90000             350.00                  14:27:09            00060684545TRLO0              LSE
 404               350.50                  14:41:30            00060685214TRLO0              LSE
 464               350.50                  14:41:30            00060685215TRLO0              LSE
 730               350.50                  14:41:30            00060685216TRLO0              LSE
 612               350.50                  14:41:30            00060685217TRLO0              LSE
 72                350.50                  14:41:30            00060685218TRLO0              LSE
 592               350.50                  14:41:30            00060685219TRLO0              LSE
 1600              351.00                  15:05:35            00060686246TRLO0              LSE
 178               351.00                  15:05:35            00060686247TRLO0              LSE
 143               351.00                  15:12:40            00060686586TRLO0              LSE
 948               351.00                  15:12:42            00060686587TRLO0              LSE
 398               351.00                  15:12:42            00060686588TRLO0              LSE
 942               350.50                  15:14:21            00060686642TRLO0              LSE
 566               350.50                  15:14:21            00060686643TRLO0              LSE
 1605              350.50                  15:14:21            00060686644TRLO0              LSE
 1019              350.50                  15:19:22            00060686825TRLO0              LSE
 1532              350.50                  15:23:22            00060686959TRLO0              LSE
 1658              350.50                  15:23:22            00060686960TRLO0              LSE
 1162              350.50                  15:36:22            00060689233TRLO0              LSE
 323               350.50                  15:36:29            00060689241TRLO0              LSE
 44                350.50                  15:41:42            00060689568TRLO0              LSE
 70                351.50                  15:41:57            00060689584TRLO0              LSE
 1180              353.00                  15:42:32            00060689601TRLO0              LSE
 37                353.00                  15:42:32            00060689602TRLO0              LSE
 1                 353.00                  15:42:32            00060689603TRLO0              LSE
 198               353.00                  15:44:00            00060689678TRLO0              LSE
 3845              353.00                  15:44:00            00060689679TRLO0              LSE
 1455              353.00                  15:44:00            00060689680TRLO0              LSE
 277               353.00                  15:44:00            00060689681TRLO0              LSE
 610               352.00                  15:44:05            00060689685TRLO0              LSE
 2630              352.00                  15:44:05            00060689686TRLO0              LSE
 9                 353.50                  15:56:20            00060690617TRLO0              LSE
 1                 353.50                  15:56:20            00060690618TRLO0              LSE
 800               353.50                  16:00:20            00060690858TRLO0              LSE
 842               353.50                  16:00:20            00060690859TRLO0              LSE
 1778              353.50                  16:00:20            00060690860TRLO0              LSE
 31                353.50                  16:00:20            00060690861TRLO0              LSE
 1603              353.50                  16:00:20            00060690862TRLO0              LSE
 313               354.00                  16:05:35            00060691187TRLO0              LSE
 546               354.00                  16:05:35            00060691188TRLO0              LSE
 1186              354.50                  16:07:19            00060691275TRLO0              LSE
 351               354.50                  16:07:19            00060691276TRLO0              LSE
 470               354.50                  16:07:19            00060691277TRLO0              LSE
 1                 354.50                  16:07:19            00060691278TRLO0              LSE
 2564              354.50                  16:07:31            00060691282TRLO0              LSE
 800               354.50                  16:07:31            00060691283TRLO0              LSE
 746               354.50                  16:07:31            00060691284TRLO0              LSE
 485               354.00                  16:10:05            00060691508TRLO0              LSE
 14                354.50                  16:11:01            00060691598TRLO0              LSE
 983               354.50                  16:11:01            00060691599TRLO0              LSE
 389               354.50                  16:11:01            00060691600TRLO0              LSE
 62                354.50                  16:11:01            00060691601TRLO0              LSE
 394               354.50                  16:11:01            00060691602TRLO0              LSE
 361               354.50                  16:12:01            00060691670TRLO0              LSE
 980               354.50                  16:12:01            00060691671TRLO0              LSE
 247               354.50                  16:12:01            00060691672TRLO0              LSE
 107               354.50                  16:12:01            00060691673TRLO0              LSE
 917               355.00                  16:15:32            00060691902TRLO0              LSE
 622               355.00                  16:15:32            00060691903TRLO0              LSE
 273               355.00                  16:15:32            00060691904TRLO0              LSE
 365               355.00                  16:16:37            00060692014TRLO0              LSE
 1381              355.00                  16:16:50            00060692028TRLO0              LSE
 555               354.50                  16:19:28            00060692375TRLO0              LSE
 523               354.50                  16:19:28            00060692376TRLO0              LSE
 332               354.50                  16:20:02            00060692431TRLO0              LSE
 194               354.50                  16:20:15            00060692453TRLO0              LSE
 178               354.50                  16:20:15            00060692454TRLO0              LSE
 1141              354.50                  16:20:15            00060692455TRLO0              LSE
 306               354.00                  16:21:15            00060692516TRLO0              LSE
 484               354.00                  16:21:15            00060692517TRLO0              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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