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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

2 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 1 September 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

: 318.3071 pence per share

Highest purchase price paid

: 328 pence per share

Lowest purchase price paid

: 312.5 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 9,200,984 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 236,890,439, 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 1 September 2022)

Number of shares
purchased

Transaction price
(GB pence per share)

Time of transaction

Transaction reference number

Venue

305

327.00

08:10:33

00060786540TRLO0

LSE

870

325.00

08:11:41

00060786561TRLO0

LSE

1508

325.00

08:11:41

00060786562TRLO0

LSE

1667

324.50

08:12:29

00060786579TRLO0

LSE

1763

324.50

08:21:06

00060786767TRLO0

LSE

429

325.50

08:40:37

00060787299TRLO0

LSE

1113

325.50

08:40:37

00060787300TRLO0

LSE

1756

325.50

08:40:37

00060787301TRLO0

LSE

1957

327.00

08:53:27

00060787583TRLO0

LSE

2929

327.50

08:57:44

00060787682TRLO0

LSE

1000

327.00

08:57:46

00060787683TRLO0

LSE

653

327.00

08:57:46

00060787684TRLO0

LSE

3

328.00

09:06:10

00060787955TRLO0

LSE

2041

327.50

09:06:56

00060787970TRLO0

LSE

1862

327.00

09:07:00

00060787973TRLO0

LSE

1766

326.50

09:07:01

00060787974TRLO0

LSE

1864

326.00

09:16:02

00060788305TRLO0

LSE

1528

323.00

09:31:37

00060788776TRLO0

LSE

42

322.00

09:35:02

00060788956TRLO0

LSE

1722

322.00

09:35:02

00060788957TRLO0

LSE

1547

321.00

09:48:39

00060789437TRLO0

LSE

227

321.00

09:48:39

00060789438TRLO0

LSE

1735

320.50

10:07:08

00060790208TRLO0

LSE

263

320.50

10:33:22

00060790927TRLO0

LSE

981

320.00

10:33:31

00060790930TRLO0

LSE

981

320.00

10:33:31

00060790931TRLO0

LSE

1230

320.00

10:34:40

00060790955TRLO0

LSE

1597

319.50

10:38:09

00060791026TRLO0

LSE

1725

319.00

11:16:22

00060791877TRLO0

LSE

672

318.50

11:16:49

00060791896TRLO0

LSE

1024

318.50

11:16:49

00060791897TRLO0

LSE

1869

318.00

11:44:29

00060792539TRLO0

LSE

1868

317.50

12:16:42

00060793029TRLO0

LSE

1883

318.00

13:17:06

00060794351TRLO0

LSE

1652

318.50

13:23:23

00060794556TRLO0

LSE

536

318.50

13:23:23

00060794557TRLO0

LSE

240

318.50

13:23:23

00060794558TRLO0

LSE

9

318.50

13:23:23

00060794559TRLO0

LSE

785

318.00

13:25:46

00060794650TRLO0

LSE

854

318.00

13:25:46

00060794651TRLO0

LSE

1803

317.50

13:30:07

00060794785TRLO0

LSE

550

316.50

13:33:10

00060795073TRLO0

LSE

961

316.50

13:33:10

00060795074TRLO0

LSE

1844

316.00

13:35:45

00060795210TRLO0

LSE

1757

317.00

13:46:50

00060795586TRLO0

LSE

896

316.50

13:54:37

00060795866TRLO0

LSE

900

316.50

13:54:37

00060795867TRLO0

LSE

38

316.50

13:54:37

00060795868TRLO0

LSE

1558

316.00

14:04:14

00060796184TRLO0

LSE

1555

317.00

14:14:20

00060796547TRLO0

LSE

503

316.50

14:15:02

00060796571TRLO0

LSE

1126

316.50

14:15:02

00060796572TRLO0

LSE

536

316.50

14:20:07

00060796757TRLO0

LSE

158

316.50

14:20:10

00060796758TRLO0

LSE

900

316.50

14:22:10

00060796806TRLO0

LSE

905

316.50

14:22:10

00060796807TRLO0

LSE

1805

316.00

14:22:50

00060796815TRLO0

LSE

453

316.00

14:31:05

00060797261TRLO0

LSE

294

316.00

14:31:05

00060797262TRLO0

LSE

35

316.00

14:31:05

00060797263TRLO0

LSE

2743

315.50

14:31:32

00060797297TRLO0

LSE

1943

315.00

14:31:32

00060797298TRLO0

LSE

2680

315.50

14:31:32

00060797299TRLO0

LSE

373

315.00

14:56:57

00060798825TRLO0

LSE

59

315.00

14:56:57

00060798826TRLO0

LSE

1758

315.00

14:56:57

00060798827TRLO0

LSE

159

315.00

15:01:20

00060799083TRLO0

LSE

1461

315.00

15:01:20

00060799084TRLO0

LSE

1509

314.50

15:02:14

00060799142TRLO0

LSE

111

314.50

15:02:14

00060799143TRLO0

LSE

1519

314.50

15:02:14

00060799144TRLO0

LSE

900

314.00

15:03:19

00060799241TRLO0

LSE

875

314.00

15:03:19

00060799242TRLO0

LSE

1836

313.50

15:10:16

00060799518TRLO0

LSE

1493

313.50

15:13:45

00060799794TRLO0

LSE

302

313.50

15:13:45

00060799795TRLO0

LSE

1642

315.00

15:33:09

00060800782TRLO0

LSE

1589

315.00

15:33:09

00060800783TRLO0

LSE

1182

315.00

15:33:09

00060800784TRLO0

LSE

448

315.00

15:33:09

00060800785TRLO0

LSE

475

315.00

15:33:09

00060800786TRLO0

LSE

94

315.00

15:36:05

00060800893TRLO0

LSE

42

315.00

15:36:05

00060800894TRLO0

LSE

241

315.00

15:36:05

00060800895TRLO0

LSE

28

315.00

15:36:16

00060800907TRLO0

LSE

263

315.00

15:36:54

00060800956TRLO0

LSE

263

315.00

15:38:01

00060801052TRLO0

LSE

263

315.00

15:38:05

00060801057TRLO0

LSE

269

315.00

15:38:08

00060801061TRLO0

LSE

1913

314.50

15:38:12

00060801063TRLO0

LSE

446

313.00

15:41:35

00060801269TRLO0

LSE

2354

313.00

15:46:43

00060801571TRLO0

LSE

3

312.50

15:50:48

00060801780TRLO0

LSE

855

312.50

15:50:51

00060801783TRLO0

LSE

1718

312.50

15:53:39

00060801912TRLO0

LSE

116

312.50

15:53:39

00060801913TRLO0

LSE

782

312.50

15:56:39

00060802113TRLO0

LSE

564

312.50

15:56:39

00060802114TRLO0

LSE

211

312.50

15:56:39

00060802115TRLO0

LSE

25

312.50

16:01:39

00060802428TRLO0

LSE

34

312.50

16:01:39

00060802429TRLO0

LSE

36

312.50

16:01:39

00060802430TRLO0

LSE

686

312.50

16:02:00

00060802464TRLO0

LSE

304

312.50

16:14:17

00060803708TRLO0

LSE

360

313.00

16:17:17

00060803987TRLO0

LSE

312

313.00

16:17:17

00060803988TRLO0

LSE

26

313.00

16:17:17

00060803989TRLO0

LSE

319

313.00

16:17:37

00060804000TRLO0

LSE

905

313.00

16:20:15

00060804258TRLO0

LSE

900

313.00

16:20:15

00060804259TRLO0

LSE

900

313.00

16:20:15

00060804260TRLO0

LSE

412

313.00

16:20:15

00060804261TRLO0

LSE

385

313.00

16:20:15

00060804262TRLO0

LSE

190

313.00

16:20:15

00060804263TRLO0

LSE

81

313.00

16:20:15

00060804264TRLO0

LSE

353

313.00

16:20:15

00060804265TRLO0

LSE

1000

312.50

16:20:16

00060804269TRLO0

LSE

254

312.50

16:20:21

00060804290TRLO0

LSE

3

312.50

16:22:21

00060804577TRLO0

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