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Redde Northgate Plc - Transaction in Own Shares

·9-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

7 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 6 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

: 321.6864 pence per share

Highest purchase price paid

: 325.5 pence per share

Lowest purchase price paid

: 317.5 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 9,494,281 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 236,597,142, 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 6 September 2022)

Number of shares
purchased

Transaction price
(GB pence per share)

Time of transaction

Transaction reference number

Venue

294

324.00

08:11:51

00060850538TRLO0

LSE

82

324.00

08:12:29

00060850565TRLO0

LSE

82

324.00

08:12:36

00060850567TRLO0

LSE

55

324.00

08:12:42

00060850573TRLO0

LSE

547

324.00

08:12:52

00060850576TRLO0

LSE

328

324.00

08:12:56

00060850580TRLO0

LSE

82

324.00

08:13:08

00060850595TRLO0

LSE

82

324.00

08:13:14

00060850603TRLO0

LSE

327

324.00

08:13:34

00060850625TRLO0

LSE

547

323.50

08:14:53

00060850675TRLO0

LSE

851

323.50

08:14:53

00060850676TRLO0

LSE

484

323.50

08:14:53

00060850677TRLO0

LSE

1885

323.00

08:17:48

00060850804TRLO0

LSE

64

322.50

08:18:18

00060850855TRLO0

LSE

1683

324.50

08:20:18

00060850953TRLO0

LSE

164

325.50

08:23:24

00060851099TRLO0

LSE

1614

325.50

08:23:24

00060851100TRLO0

LSE

1388

325.50

08:23:24

00060851101TRLO0

LSE

2085

324.50

08:23:47

00060851134TRLO0

LSE

168

324.00

08:25:49

00060851224TRLO0

LSE

1408

324.00

08:25:49

00060851225TRLO0

LSE

939

323.00

08:25:55

00060851238TRLO0

LSE

683

323.00

08:30:03

00060851436TRLO0

LSE

340

323.00

08:31:27

00060851499TRLO0

LSE

1764

323.00

08:31:27

00060851500TRLO0

LSE

389

323.00

08:31:27

00060851502TRLO0

LSE

1245

323.00

08:31:27

00060851503TRLO0

LSE

1548

322.50

08:34:48

00060851589TRLO0

LSE

1700

322.50

08:42:21

00060851836TRLO0

LSE

328

322.00

08:48:19

00060852141TRLO0

LSE

527

322.00

08:48:19

00060852142TRLO0

LSE

1333

319.50

08:55:15

00060852478TRLO0

LSE

359

319.50

08:55:15

00060852479TRLO0

LSE

1643

319.50

10:12:13

00060854449TRLO0

LSE

1689

317.50

10:12:49

00060854462TRLO0

LSE

1717

318.50

10:55:37

00060856028TRLO0

LSE

2807

318.50

10:55:37

00060856029TRLO0

LSE

1721

320.00

11:54:25

00060858371TRLO0

LSE

517

320.00

11:54:25

00060858372TRLO0

LSE

11

320.00

12:00:28

00060858600TRLO0

LSE

490

320.00

12:10:25

00060858783TRLO0

LSE

2

320.00

12:22:23

00060859019TRLO0

LSE

40

320.50

12:31:10

00060859222TRLO0

LSE

2000

320.50

12:31:10

00060859223TRLO0

LSE

1567

320.50

12:36:38

00060859376TRLO0

LSE

1793

320.50

12:36:38

00060859377TRLO0

LSE

168

322.00

13:00:34

00060859933TRLO0

LSE

282

323.00

13:09:22

00060860155TRLO0

LSE

142

323.50

13:21:01

00060860484TRLO0

LSE

252

323.50

13:21:01

00060860485TRLO0

LSE

179

323.50

13:21:01

00060860486TRLO0

LSE

278

323.50

13:21:01

00060860487TRLO0

LSE

459

323.50

13:21:01

00060860488TRLO0

LSE

511

323.50

13:21:01

00060860489TRLO0

LSE

2020

323.50

13:21:01

00060860490TRLO0

LSE

429

323.50

13:24:16

00060860573TRLO0

LSE

414

323.50

13:27:58

00060860656TRLO0

LSE

116

323.50

13:28:08

00060860657TRLO0

LSE

339

323.50

13:31:18

00060860730TRLO0

LSE

172

323.50

13:31:18

00060860731TRLO0

LSE

164

323.50

13:31:18

00060860732TRLO0

LSE

6

324.00

13:59:41

00060861481TRLO0

LSE

69

324.50

14:00:58

00060861523TRLO0

LSE

156

325.00

14:18:38

00060862084TRLO0

LSE

79

325.00

14:19:30

00060862115TRLO0

LSE

2700

325.00

14:26:00

00060862352TRLO0

LSE

1023

325.00

14:26:00

00060862353TRLO0

LSE

865

325.00

14:26:00

00060862354TRLO0

LSE

819

325.00

14:26:00

00060862355TRLO0

LSE

654

325.00

14:26:00

00060862356TRLO0

LSE

900

325.00

14:26:00

00060862357TRLO0

LSE

145

325.00

14:26:00

00060862358TRLO0

LSE

563

325.00

14:26:00

00060862359TRLO0

LSE

542

325.00

14:26:00

00060862360TRLO0

LSE

733

325.00

14:26:00

00060862361TRLO0

LSE

1211

324.50

14:26:03

00060862363TRLO0

LSE

1030

324.50

14:26:03

00060862364TRLO0

LSE

1731

324.00

14:26:03

00060862370TRLO0

LSE

195

323.50

14:30:00

00060862505TRLO0

LSE

1601

323.50

14:30:00

00060862506TRLO0

LSE

1556

323.00

14:39:56

00060863063TRLO0

LSE

482

322.50

14:39:56

00060863064TRLO0

LSE

900

322.50

14:39:56

00060863065TRLO0

LSE

299

322.50

14:39:56

00060863066TRLO0

LSE

14

321.50

14:40:23

00060863087TRLO0

LSE

489

321.50

14:43:53

00060863209TRLO0

LSE

502

321.50

14:53:11

00060863739TRLO0

LSE

920

321.50

14:53:11

00060863740TRLO0

LSE

1699

321.50

14:53:11

00060863741TRLO0

LSE

1731

321.00

15:01:55

00060864430TRLO0

LSE

1380

321.00

15:01:55

00060864431TRLO0

LSE

447

321.00

15:01:55

00060864432TRLO0

LSE

581

321.00

15:02:58

00060864541TRLO0

LSE

497

321.00

15:07:14

00060864834TRLO0

LSE

843

321.00

15:08:12

00060864876TRLO0

LSE

1668

321.00

15:08:12

00060864877TRLO0

LSE

1619

321.00

15:11:09

00060865086TRLO0

LSE

562

321.00

15:11:09

00060865087TRLO0

LSE

562

321.00

15:11:09

00060865088TRLO0

LSE

167

320.50

15:11:13

00060865095TRLO0

LSE

1065

320.50

15:11:13

00060865096TRLO0

LSE

650

320.50

15:11:13

00060865097TRLO0

LSE

530

319.50

15:20:54

00060866173TRLO0

LSE

1217

319.50

15:20:54

00060866174TRLO0

LSE

111

319.00

15:21:00

00060866176TRLO0

LSE

1694

319.00

15:23:07

00060866269TRLO0

LSE

481

319.00

15:29:04

00060866606TRLO0

LSE

36

319.00

15:29:04

00060866607TRLO0

LSE

33

319.00

15:29:04

00060866608TRLO0

LSE

354

319.00

15:30:48

00060866656TRLO0

LSE

382

319.00

15:34:18

00060866914TRLO0

LSE

146

319.00

15:34:18

00060866915TRLO0

LSE

384

319.00

15:37:10

00060867065TRLO0

LSE

1797

319.50

15:45:33

00060867563TRLO0

LSE

1801

319.50

15:45:33

00060867564TRLO0

LSE

404

319.50

15:45:46

00060867578TRLO0

LSE

407

319.50

15:45:46

00060867579TRLO0

LSE

18

319.50

15:45:46

00060867580TRLO0

LSE

120

319.50

15:45:58

00060867589TRLO0

LSE

32

319.50

15:45:58

00060867590TRLO0

LSE

411

319.50

15:45:58

00060867591TRLO0

LSE

31

319.00

15:45:58

00060867592TRLO0

LSE

924

319.00

15:45:58

00060867593TRLO0

LSE

745

319.00

15:45:58

00060867594TRLO0

LSE

1598

320.00

15:55:48

00060868037TRLO0

LSE

476

320.00

15:56:08

00060868042TRLO0

LSE

380

320.00

15:56:08

00060868043TRLO0

LSE

146

320.00

15:57:08

00060868069TRLO0

LSE

416

320.00

15:57:08

00060868070TRLO0

LSE

769

320.00

16:00:04

00060868292TRLO0

LSE

900

320.00

16:00:04

00060868293TRLO0

LSE

44

320.00

16:00:04

00060868294TRLO0

LSE

1891

320.00

16:04:04

00060868475TRLO0

LSE

500

319.50

16:06:17

00060868572TRLO0

LSE

492

319.50

16:11:38

00060868860TRLO0

LSE

844

320.00

16:13:07

00060868955TRLO0

LSE

497

320.50

16:13:08

00060868957TRLO0

LSE

114

320.50

16:13:08

00060868958TRLO0

LSE

704

320.50

16:13:08

00060868959TRLO0

LSE

1800

320.50

16:13:08

00060868960TRLO0

LSE

18

320.50

16:13:08

00060868961TRLO0

LSE

1635

320.50

16:14:08

00060868988TRLO0

LSE

534

320.50

16:14:28

00060869001TRLO0

LSE

680

320.50

16:14:28

00060869002TRLO0

LSE

342

320.50

16:14:28

00060869003TRLO0

LSE

755

320.00

16:17:42

00060869157TRLO0

LSE

98

320.00

16:17:42

00060869158TRLO0

LSE

970

320.00

16:17:42

00060869159TRLO0

LSE

387

320.00

16:17:42

00060869160TRLO0

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