REG-Redde Northgate Plc: Transaction in Own Shares

Redde NorthgateAnnouncement

25/03/2024 17:00

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INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
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JURISDICTION

25 March 2024

REDDE NORTHGATE PLC

(“Redde Northgate” or the “Group” or the “Company”)

 

Transaction in Own Shares

 

Redde Northgate plc (LSE:REDD) announces that on 25 March 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            : 50,000                                 
 Weighted average purchase price paid  : 375    pence per share                 
 Highest purchase price paid           : 375   pence per share                  
 Lowest purchase price paid            : 375  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 19,940,071 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 226,151,352 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 Purchase – Individual Transactions (as at 25 March 2024)

 

 Number of shares   Transaction price       Time of transaction  Transaction reference number  Venue  
  purchased          (GB pence per share)                                                             
 50,000             375.00                  16:06:56             00069359349TRLO0              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

 



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