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REG - Redde Northgate PLC - Transaction in Own Shares

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RNS Number : 2939X  Redde Northgate PLC  26 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

26 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 25 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            :  160,000
 Weighted average purchase price paid  :  350.9406 pence per share
 Highest purchase price paid           :  354.5 pence per share
 Lowest purchase price paid            :  349 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 8,800,984 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 237,290,439, 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 25 August 2022)

 

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

purchased
(GB pence per share)
 61                354.00                  08:21:00            00060694570TRLO0              LSE
 271               354.00                  08:21:00            00060694569TRLO0              LSE
 54                354.00                  08:21:00            00060694568TRLO0              LSE
 69                353.00                  08:21:39            00060694597TRLO0              LSE
 1584              353.00                  08:25:54            00060694742TRLO0              LSE
 815               353.00                  08:25:54            00060694748TRLO0              LSE
 965               353.00                  08:25:54            00060694750TRLO0              LSE
 1229              353.00                  08:35:06            00060694919TRLO0              LSE
 497               353.00                  08:35:06            00060694920TRLO0              LSE
 1839              353.00                  08:35:06            00060694921TRLO0              LSE
 1405              352.50                  08:38:45            00060695013TRLO0              LSE
 206               352.50                  08:38:45            00060695014TRLO0              LSE
 400               354.00                  08:58:49            00060695346TRLO0              LSE
 1445              354.00                  08:58:49            00060695347TRLO0              LSE
 1754              353.50                  09:00:46            00060695399TRLO0              LSE
 140               353.00                  09:03:11            00060695470TRLO0              LSE
 1600              353.00                  09:03:11            00060695471TRLO0              LSE
 187               353.00                  09:03:11            00060695472TRLO0              LSE
 61                352.50                  09:14:33            00060695637TRLO0              LSE
 61                352.50                  09:14:33            00060695638TRLO0              LSE
 1511              352.50                  09:15:09            00060695647TRLO0              LSE
 292               352.00                  09:29:51            00060695834TRLO0              LSE
 1600              352.00                  09:29:51            00060695835TRLO0              LSE
 30                352.00                  09:29:51            00060695836TRLO0              LSE
 757               352.50                  09:50:00            00060696109TRLO0              LSE
 870               352.50                  09:50:00            00060696110TRLO0              LSE
 1840              352.50                  09:50:00            00060696111TRLO0              LSE
 175               351.50                  10:04:49            00060696392TRLO0              LSE
 1899              351.50                  10:04:49            00060696393TRLO0              LSE
 549               351.00                  10:23:17            00060696890TRLO0              LSE
 1075              351.00                  10:23:17            00060696891TRLO0              LSE
 693               350.50                  10:24:45            00060696925TRLO0              LSE
 1032              350.50                  10:24:45            00060696926TRLO0              LSE
 1343              350.50                  10:27:17            00060696996TRLO0              LSE
 496               350.50                  10:27:17            00060696997TRLO0              LSE
 466               350.00                  10:31:33            00060697077TRLO0              LSE
 1426              350.00                  10:31:33            00060697078TRLO0              LSE
 1000              349.00                  10:50:57            00060697546TRLO0              LSE
 579               349.00                  10:50:57            00060697547TRLO0              LSE
 1617              350.00                  11:08:16            00060697985TRLO0              LSE
 14                350.00                  11:08:16            00060697986TRLO0              LSE
 245               350.00                  11:23:26            00060698346TRLO0              LSE
 419               350.00                  11:23:26            00060698347TRLO0              LSE
 816               350.50                  11:23:26            00060698348TRLO0              LSE
 390               350.50                  11:23:26            00060698349TRLO0              LSE
 800               350.50                  11:23:26            00060698350TRLO0              LSE
 213               350.50                  11:23:26            00060698351TRLO0              LSE
 50000             350.20                  11:28:40            00060698427TRLO0              LSE
 235               351.00                  12:25:18            00060700423TRLO0              LSE
 1381              351.00                  12:32:00            00060700643TRLO0              LSE
 1322              351.00                  12:32:00            00060700644TRLO0              LSE
 405               351.00                  12:32:00            00060700645TRLO0              LSE
 59                349.00                  13:08:39            00060701344TRLO0              LSE
 360               349.00                  13:20:02            00060701545TRLO0              LSE
 520               349.00                  13:20:25            00060701549TRLO0              LSE
 1617              350.50                  13:43:31            00060702435TRLO0              LSE
 458               350.50                  14:00:01            00060702955TRLO0              LSE
 18                350.50                  14:00:01            00060702956TRLO0              LSE
 50000             350.50                  14:04:53            00060703134TRLO0              LSE
 502               350.50                  14:11:43            00060703332TRLO0              LSE
 870               350.50                  14:11:43            00060703333TRLO0              LSE
 1694              350.50                  14:33:06            00060704136TRLO0              LSE
 491               351.00                  14:45:11            00060704919TRLO0              LSE
 137               351.00                  14:45:11            00060704920TRLO0              LSE
 974               351.50                  14:48:53            00060705136TRLO0              LSE
 642               351.50                  14:48:53            00060705137TRLO0              LSE
 433               354.50                  15:05:49            00060706159TRLO0              LSE
 1417              354.50                  15:05:49            00060706160TRLO0              LSE
 1859              354.50                  15:09:49            00060706440TRLO0              LSE
 145               353.50                  15:11:07            00060706526TRLO0              LSE
 1600              353.50                  15:11:07            00060706527TRLO0              LSE
 167               353.50                  15:11:07            00060706528TRLO0              LSE
 228               352.50                  15:21:40            00060706854TRLO0              LSE
 797               353.00                  15:29:24            00060707166TRLO0              LSE
 820               353.00                  15:35:21            00060707561TRLO0              LSE
 286               352.50                  15:45:53            00060708001TRLO0              LSE
 493               352.50                  15:48:01            00060708105TRLO0              LSE
 540               352.50                  15:50:29            00060708202TRLO0              LSE
 255               352.50                  15:53:02            00060708329TRLO0              LSE
 513               352.50                  15:59:19            00060708694TRLO0              LSE
 439               352.50                  16:01:10            00060708762TRLO0              LSE
 536               352.50                  16:03:23            00060708826TRLO0              LSE
 390               352.50                  16:08:05            00060709053TRLO0              LSE
 576               352.50                  16:10:32            00060709290TRLO0              LSE
 31                352.50                  16:10:32            00060709291TRLO0              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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