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
14 February 2024
REDDE NORTHGATE PLC
(“Redde Northgate” or the “Group” or the “Company”)
Transaction in Own Shares
Redde Northgate plc (LSE:REDD) announces that on 14 February 2024 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 : 400,000
Weighted average purchase price paid : 340.007 pence per share
Highest purchase price paid : 341 pence per share
Lowest purchase price paid : 339 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 19,165,071 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 226,926,352 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 (as at 14 February 2024)
Number of shares Transaction price Time of transaction Transaction reference number Venue
purchased (GB pence per share)
118 118 715 1364 390000 1506 1431 391 17 450 269 326 1415 1049 223 270 338 339.00 339.00 339.00 339.00 340.00 341.00 341.00 341.00 341.00 341.00 341.00 341.00 340.50 340.00 340.00 340.00 340.00 09:14:42 09:14:42 09:14:42 09:32:07 10:12:06 15:52:40 15:52:40 15:52:40 15:52:40 15:52:40 15:52:40 15:52:40 15:52:41 16:04:29 16:04:29 16:04:29 16:17:29 00068872992TRLO0 00068872991TRLO0 00068872990TRLO0 00068873339TRLO0 00068874523TRLO0 00068883112TRLO0 LSE LSE LSE LSE LSE LSE LSE LSE LSE LSE LSE LSE LSE LSE LSE LSE LSE
00068883113TRLO0 00068883114TRLO0 00068883115TRLO0 00068883116TRLO0 00068883117TRLO0 00068883118TRLO0
00068883119TRLO0 00068883641TRLO0 00068883642TRLO0 00068883643TRLO0 00068884210TRLO0
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
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