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REG - Redde Northgate PLC - Transaction in Own Shares

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RNS Number : 4443X  Redde Northgate PLC  30 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

30 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 26 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            :  110,000
 Weighted average purchase price paid  :  350.6386 pence per share
 Highest purchase price paid           :  354 pence per share
 Lowest purchase price paid            :  346 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 8,910,984 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 237,180,439, 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 26 August 2022)

 

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

purchased
(GB pence per share)
 94                354.00                  08:11:34            00060712404TRLO0              LSE
 277               354.00                  08:11:34            00060712403TRLO0              LSE
 1663              352.50                  08:47:52            00060713732TRLO0              LSE
 78                352.00                  08:47:52            00060713733TRLO0              LSE
 1742              352.00                  08:47:52            00060713734TRLO0              LSE
 915               353.00                  09:21:34            00060714592TRLO0              LSE
 634               353.00                  09:21:41            00060714596TRLO0              LSE
 882               352.00                  09:37:30            00060714940TRLO0              LSE
 1306              352.00                  09:37:30            00060714941TRLO0              LSE
 841               351.00                  09:54:41            00060715414TRLO0              LSE
 777               351.00                  10:05:35            00060715743TRLO0              LSE
 1512              351.00                  10:22:04            00060716609TRLO0              LSE
 263               351.00                  10:22:04            00060716610TRLO0              LSE
 35000             351.00                  10:29:01            00060716952TRLO0              LSE
 13                351.50                  10:45:37            00060717411TRLO0              LSE
 537               351.50                  10:48:57            00060717482TRLO0              LSE
 820               351.00                  11:16:02            00060718173TRLO0              LSE
 148               351.00                  11:21:07            00060718321TRLO0              LSE
 304               351.00                  11:27:47            00060718474TRLO0              LSE
 307               351.00                  11:27:49            00060718475TRLO0              LSE
 99                351.00                  11:27:59            00060718480TRLO0              LSE
 1690              351.00                  11:27:59            00060718481TRLO0              LSE
 26                351.00                  11:27:59            00060718482TRLO0              LSE
 787               350.00                  11:29:29            00060718515TRLO0              LSE
 991               350.00                  11:29:29            00060718516TRLO0              LSE
 248               349.00                  11:35:59            00060718702TRLO0              LSE
 457               351.50                  11:41:58            00060718884TRLO0              LSE
 1057              351.50                  11:41:58            00060718885TRLO0              LSE
 495               351.50                  11:42:58            00060718914TRLO0              LSE
 950               351.50                  11:42:58            00060718915TRLO0              LSE
 855               351.50                  11:46:58            00060719012TRLO0              LSE
 921               351.00                  12:28:37            00060720364TRLO0              LSE
 433               352.00                  12:57:34            00060721086TRLO0              LSE
 254               352.00                  12:57:34            00060721087TRLO0              LSE
 803               351.50                  13:06:41            00060721336TRLO0              LSE
 691               351.50                  13:06:41            00060721337TRLO0              LSE
 862               351.00                  13:17:50            00060721596TRLO0              LSE
 1567              352.50                  13:39:09            00060722338TRLO0              LSE
 33                352.50                  13:39:09            00060722339TRLO0              LSE
 398               352.50                  13:39:09            00060722340TRLO0              LSE
 1107              352.50                  13:39:09            00060722341TRLO0              LSE
 675               352.00                  13:55:24            00060722708TRLO0              LSE
 1137              352.00                  13:55:24            00060722709TRLO0              LSE
 800               352.00                  13:55:58            00060722712TRLO0              LSE
 800               352.00                  13:55:58            00060722713TRLO0              LSE
 98                352.00                  13:55:58            00060722714TRLO0              LSE
 102               352.00                  13:55:58            00060722715TRLO0              LSE
 803               351.50                  13:57:30            00060722774TRLO0              LSE
 544               351.50                  13:57:30            00060722775TRLO0              LSE
 334               351.50                  13:57:48            00060722780TRLO0              LSE
 800               354.00                  14:21:22            00060723477TRLO0              LSE
 831               354.00                  14:21:22            00060723478TRLO0              LSE
 142               353.50                  14:27:24            00060723642TRLO0              LSE
 1392              353.50                  14:27:24            00060723643TRLO0              LSE
 1657              353.50                  14:27:24            00060723644TRLO0              LSE
 824               352.50                  14:29:39            00060723744TRLO0              LSE
 847               352.50                  14:29:39            00060723745TRLO0              LSE
 800               352.00                  14:43:45            00060724669TRLO0              LSE
 800               352.00                  14:43:45            00060724670TRLO0              LSE
 223               352.00                  14:43:45            00060724671TRLO0              LSE
 207               351.50                  14:47:40            00060724918TRLO0              LSE
 1365              351.50                  14:47:40            00060724919TRLO0              LSE
 1508              351.50                  14:47:40            00060724920TRLO0              LSE
 655               351.00                  14:47:53            00060724941TRLO0              LSE
 1020              351.00                  14:50:30            00060725102TRLO0              LSE
 840               350.50                  14:59:49            00060725497TRLO0              LSE
 800               350.50                  14:59:49            00060725498TRLO0              LSE
 117               350.50                  14:59:49            00060725499TRLO0              LSE
 1379              349.50                  15:05:04            00060725955TRLO0              LSE
 293               349.50                  15:05:04            00060725956TRLO0              LSE
 1738              350.50                  15:16:02            00060726608TRLO0              LSE
 800               350.50                  15:16:02            00060726609TRLO0              LSE
 689               350.50                  15:16:02            00060726610TRLO0              LSE
 3                 350.50                  15:16:18            00060726615TRLO0              LSE
 1070              350.50                  15:16:18            00060726616TRLO0              LSE
 780               350.50                  15:16:18            00060726617TRLO0              LSE
 590               350.50                  15:16:18            00060726618TRLO0              LSE
 289               350.00                  15:22:04            00060726977TRLO0              LSE
 800               350.00                  15:22:04            00060726978TRLO0              LSE
 412               350.00                  15:22:04            00060726979TRLO0              LSE
 1600              349.00                  15:26:35            00060727251TRLO0              LSE
 46                349.00                  15:26:35            00060727252TRLO0              LSE
 1491              348.00                  15:30:52            00060727705TRLO0              LSE
 525               347.50                  15:33:57            00060727942TRLO0              LSE
 800               347.50                  15:34:09            00060727951TRLO0              LSE
 436               347.50                  15:34:09            00060727952TRLO0              LSE
 476               346.50                  15:41:44            00060728459TRLO0              LSE
 712               346.50                  15:44:33            00060728560TRLO0              LSE
 459               346.50                  15:46:16            00060728613TRLO0              LSE
 426               346.50                  15:46:16            00060728614TRLO0              LSE
 1121              346.50                  15:48:46            00060728779TRLO0              LSE
 1600              347.50                  15:54:38            00060729154TRLO0              LSE
 85                347.50                  15:54:38            00060729155TRLO0              LSE
 800               347.00                  15:55:25            00060729350TRLO0              LSE
 1173              347.00                  15:55:25            00060729351TRLO0              LSE
 482               346.50                  15:58:40            00060729827TRLO0              LSE
 860               346.50                  15:58:53            00060729831TRLO0              LSE
 349               346.50                  16:03:32            00060730338TRLO0              LSE
 152               346.50                  16:06:38            00060730697TRLO0              LSE
 838               346.50                  16:06:38            00060730698TRLO0              LSE
 612               346.50                  16:06:38            00060730699TRLO0              LSE
 844               346.50                  16:14:39            00060731753TRLO0              LSE
 653               346.50                  16:14:39            00060731754TRLO0              LSE
 320               346.00                  16:15:32            00060731815TRLO0              LSE
 647               346.00                  16:15:32            00060731816TRLO0              LSE
 656               346.00                  16:15:32            00060731817TRLO0              LSE
 36                346.00                  16:15:32            00060731818TRLO0              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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