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Redde Northgate Plc - Transaction in Own Shares

·7-min read

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

1 September 2022

REDDE NORTHGATE PLC

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

Transaction in Own Shares

Redde Northgate plc (LSE:REDD) announces that on 31 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

: 100,000

Weighted average purchase price paid

: 345.568 pence per share

Highest purchase price paid

: 349 pence per share

Lowest purchase price paid

: 341.5 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 9,090,984 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 237,000,439, 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 31 August 2022)

Number of shares
purchased

Transaction price
(GB pence per share)

Time of transaction

Transaction reference number

Venue

376

347.00

08:13:01

00060759686TRLO0

LSE

1561

348.50

08:21:30

00060760059TRLO0

LSE

1169

349.00

08:26:27

00060760191TRLO0

LSE

478

349.00

08:26:27

00060760192TRLO0

LSE

1538

348.50

08:26:35

00060760196TRLO0

LSE

800

348.00

08:26:35

00060760197TRLO0

LSE

800

348.00

08:26:35

00060760198TRLO0

LSE

265

348.00

08:26:35

00060760199TRLO0

LSE

778

347.50

08:34:19

00060760402TRLO0

LSE

807

347.50

08:34:19

00060760403TRLO0

LSE

1821

346.50

08:40:24

00060760666TRLO0

LSE

1333

345.50

09:00:17

00060761402TRLO0

LSE

372

345.50

09:00:17

00060761403TRLO0

LSE

1518

345.50

09:00:17

00060761404TRLO0

LSE

174

346.00

09:25:34

00060762314TRLO0

LSE

1404

346.00

09:25:34

00060762315TRLO0

LSE

1725

345.50

09:28:34

00060762406TRLO0

LSE

1725

345.00

09:32:10

00060762476TRLO0

LSE

144

347.00

09:54:30

00060763159TRLO0

LSE

800

347.00

09:54:30

00060763160TRLO0

LSE

796

347.00

09:54:30

00060763161TRLO0

LSE

1579

347.00

09:59:30

00060763328TRLO0

LSE

145

346.50

10:06:00

00060763593TRLO0

LSE

1420

346.50

10:06:00

00060763594TRLO0

LSE

1512

346.50

10:06:00

00060763595TRLO0

LSE

1786

345.50

10:14:48

00060763969TRLO0

LSE

1775

345.50

10:39:37

00060765071TRLO0

LSE

830

345.50

10:39:37

00060765072TRLO0

LSE

811

345.50

10:39:37

00060765073TRLO0

LSE

1527

345.50

10:39:37

00060765074TRLO0

LSE

421

344.00

10:53:41

00060766040TRLO0

LSE

1330

344.00

11:13:44

00060766775TRLO0

LSE

815

344.00

11:13:44

00060766776TRLO0

LSE

68

344.00

11:13:44

00060766786TRLO0

LSE

1746

346.50

11:46:09

00060767862TRLO0

LSE

1823

347.00

12:02:02

00060768350TRLO0

LSE

1786

347.00

12:02:02

00060768351TRLO0

LSE

2319

346.50

12:02:02

00060768352TRLO0

LSE

691

346.00

12:33:58

00060769427TRLO0

LSE

1709

346.00

12:33:58

00060769428TRLO0

LSE

952

346.00

12:33:58

00060769429TRLO0

LSE

706

346.00

12:51:15

00060769906TRLO0

LSE

1537

346.00

13:01:43

00060770258TRLO0

LSE

294

346.00

13:01:43

00060770262TRLO0

LSE

90

346.00

13:01:43

00060770263TRLO0

LSE

145

346.00

13:16:10

00060770672TRLO0

LSE

145

346.00

13:16:20

00060770673TRLO0

LSE

145

346.00

13:16:30

00060770703TRLO0

LSE

1466

347.00

13:31:40

00060771689TRLO0

LSE

1600

347.00

13:31:40

00060771690TRLO0

LSE

128

347.00

13:31:40

00060771691TRLO0

LSE

671

347.00

13:31:40

00060771692TRLO0

LSE

800

347.00

13:31:40

00060771693TRLO0

LSE

78

347.00

13:31:40

00060771694TRLO0

LSE

1601

347.00

13:43:50

00060772285TRLO0

LSE

62

347.00

13:43:50

00060772286TRLO0

LSE

1719

347.00

13:43:50

00060772287TRLO0

LSE

154

348.00

14:11:41

00060773420TRLO0

LSE

1625

348.00

14:11:41

00060773421TRLO0

LSE

523

347.50

14:11:43

00060773422TRLO0

LSE

800

347.50

14:11:43

00060773423TRLO0

LSE

238

347.50

14:12:00

00060773437TRLO0

LSE

11

347.50

14:12:00

00060773438TRLO0

LSE

559

347.00

14:12:10

00060773444TRLO0

LSE

1050

347.00

14:12:10

00060773445TRLO0

LSE

144

346.50

14:16:10

00060773640TRLO0

LSE

2250

346.50

14:16:10

00060773641TRLO0

LSE

1796

346.00

14:28:20

00060774227TRLO0

LSE

130

345.50

14:30:10

00060774431TRLO0

LSE

145

345.50

14:30:49

00060774486TRLO0

LSE

1601

345.50

14:30:49

00060774487TRLO0

LSE

1655

345.00

14:32:49

00060774644TRLO0

LSE

369

346.00

14:54:04

00060776433TRLO0

LSE

523

346.00

14:54:06

00060776447TRLO0

LSE

1492

346.00

14:54:06

00060776448TRLO0

LSE

1984

345.50

14:54:06

00060776450TRLO0

LSE

1585

345.50

14:54:06

00060776451TRLO0

LSE

1612

345.00

15:09:10

00060777758TRLO0

LSE

2228

345.00

15:09:10

00060777759TRLO0

LSE

209

344.50

15:14:35

00060778261TRLO0

LSE

1347

344.50

15:15:33

00060778346TRLO0

LSE

800

344.50

15:15:33

00060778359TRLO0

LSE

780

344.50

15:15:33

00060778360TRLO0

LSE

82

344.50

15:15:33

00060778361TRLO0

LSE

1620

343.50

15:23:03

00060778917TRLO0

LSE

364

342.50

15:29:58

00060779664TRLO0

LSE

1238

342.50

15:29:58

00060779665TRLO0

LSE

1695

342.00

15:40:20

00060780630TRLO0

LSE

1705

342.00

15:40:20

00060780631TRLO0

LSE

918

342.50

15:52:30

00060781528TRLO0

LSE

6

342.50

15:52:30

00060781529TRLO0

LSE

375

342.50

15:52:30

00060781530TRLO0

LSE

242

342.50

15:53:10

00060781582TRLO0

LSE

190

342.50

15:53:10

00060781583TRLO0

LSE

522

343.00

15:56:10

00060781815TRLO0

LSE

295

343.00

15:56:10

00060781816TRLO0

LSE

329

343.00

15:56:10

00060781817TRLO0

LSE

752

342.00

15:56:32

00060781863TRLO0

LSE

208

342.00

15:57:33

00060781966TRLO0

LSE

1431

342.00

16:00:33

00060782294TRLO0

LSE

813

342.00

16:00:33

00060782295TRLO0

LSE

231

342.00

16:00:33

00060782296TRLO0

LSE

1774

341.50

16:07:30

00060782964TRLO0

LSE

165

341.50

16:10:49

00060783244TRLO0

LSE

1078

342.00

16:21:42

00060784131TRLO0

LSE

260

343.00

16:23:55

00060784467TRLO0

LSE

303

343.00

16:23:55

00060784468TRLO0

LSE

30

343.00

16:23:55

00060784469TRLO0

LSE

326

343.00

16:23:55

00060784470TRLO0

LSE

398

343.00

16:23:55

00060784471TRLO0

LSE

1

343.00

16:23:55

00060784472TRLO0

LSE

423

343.00

16:23:55

00060784473TRLO0

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