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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

14 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 13 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

: 334.0083 pence per share

Highest purchase price paid

: 337 pence per share

Lowest purchase price paid

: 330 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 10,001,618 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 236,089,805 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 13 September 2022)

Number of shares
purchased

Transaction price
(GB pence per share)

Time of transaction

Transaction reference number

Venue

273

334.00

08:40:41

00060964329TRLO0

LSE

434

334.00

08:40:41

00060964330TRLO0

LSE

383

334.00

08:40:43

00060964334TRLO0

LSE

1720

334.50

08:52:42

00060964784TRLO0

LSE

25000

334.50

08:55:34

00060964855TRLO0

LSE

680

335.50

09:09:44

00060965427TRLO0

LSE

1128

335.50

09:09:44

00060965428TRLO0

LSE

1657

335.00

09:09:44

00060965429TRLO0

LSE

1715

335.00

09:09:44

00060965430TRLO0

LSE

1875

334.00

09:13:01

00060965515TRLO0

LSE

1004

334.00

09:21:09

00060965749TRLO0

LSE

695

334.00

09:21:09

00060965750TRLO0

LSE

32

333.50

09:31:49

00060966076TRLO0

LSE

384

333.50

09:40:58

00060966458TRLO0

LSE

406

333.00

10:01:03

00060967244TRLO0

LSE

1272

334.00

10:07:29

00060967452TRLO0

LSE

585

334.00

10:07:29

00060967453TRLO0

LSE

84

334.00

10:12:29

00060967587TRLO0

LSE

48

334.00

10:12:29

00060967588TRLO0

LSE

1085

333.50

10:15:02

00060967658TRLO0

LSE

486

333.50

10:15:02

00060967659TRLO0

LSE

867

333.50

10:15:02

00060967660TRLO0

LSE

1051

333.50

10:20:07

00060967832TRLO0

LSE

496

333.50

10:20:07

00060967833TRLO0

LSE

372

333.50

10:26:40

00060968023TRLO0

LSE

253

333.50

10:26:40

00060968024TRLO0

LSE

372

333.50

10:27:45

00060968072TRLO0

LSE

1200

333.00

10:30:39

00060968140TRLO0

LSE

546

333.00

10:30:39

00060968141TRLO0

LSE

6933

334.00

11:34:41

00060970192TRLO0

LSE

2130

335.00

11:34:46

00060970195TRLO0

LSE

1573

334.50

11:35:07

00060970220TRLO0

LSE

220

334.50

11:35:07

00060970221TRLO0

LSE

284

336.00

11:44:07

00060970622TRLO0

LSE

1444

336.00

11:44:07

00060970623TRLO0

LSE

1743

336.00

11:55:14

00060971012TRLO0

LSE

278

336.00

11:55:14

00060971013TRLO0

LSE

500

336.00

11:55:14

00060971014TRLO0

LSE

884

336.00

11:55:14

00060971015TRLO0

LSE

243

336.50

12:34:18

00060972304TRLO0

LSE

1304

336.50

12:34:18

00060972305TRLO0

LSE

204

336.50

12:34:18

00060972306TRLO0

LSE

467

337.00

13:02:45

00060973583TRLO0

LSE

1427

337.00

13:02:45

00060973584TRLO0

LSE

1774

337.00

13:02:45

00060973585TRLO0

LSE

1581

337.00

13:06:51

00060973721TRLO0

LSE

24

337.00

13:15:17

00060973937TRLO0

LSE

976

337.00

13:15:17

00060973938TRLO0

LSE

643

337.00

13:15:17

00060973939TRLO0

LSE

442

336.50

13:28:27

00060974394TRLO0

LSE

453

336.50

13:28:27

00060974395TRLO0

LSE

803

335.50

13:30:06

00060974505TRLO0

LSE

1013

335.50

13:30:06

00060974506TRLO0

LSE

152

335.00

13:38:52

00060976194TRLO0

LSE

1713

335.00

13:38:52

00060976195TRLO0

LSE

500

334.00

13:51:28

00060977099TRLO0

LSE

1110

334.00

13:51:28

00060977100TRLO0

LSE

372

334.00

13:59:18

00060977658TRLO0

LSE

13

334.00

13:59:18

00060977659TRLO0

LSE

345

334.00

13:59:18

00060977660TRLO0

LSE

117

334.00

13:59:18

00060977661TRLO0

LSE

43

333.50

14:04:02

00060978091TRLO0

LSE

932

333.50

14:04:02

00060978092TRLO0

LSE

282

333.50

14:04:02

00060978093TRLO0

LSE

1437

333.00

14:13:33

00060979031TRLO0

LSE

428

333.00

14:13:33

00060979032TRLO0

LSE

1776

332.50

14:22:28

00060980372TRLO0

LSE

1316

332.50

14:30:04

00060981050TRLO0

LSE

492

332.50

14:30:04

00060981051TRLO0

LSE

801

333.00

14:35:54

00060981409TRLO0

LSE

146

333.00

14:35:54

00060981410TRLO0

LSE

709

333.00

14:35:54

00060981411TRLO0

LSE

1309

333.50

14:42:24

00060981953TRLO0

LSE

418

333.50

14:42:24

00060981954TRLO0

LSE

625

333.50

14:56:27

00060982819TRLO0

LSE

1273

333.50

14:56:27

00060982820TRLO0

LSE

237

333.50

14:56:48

00060982839TRLO0

LSE

1657

333.50

15:00:48

00060983104TRLO0

LSE

500

333.50

15:00:48

00060983105TRLO0

LSE

500

333.50

15:00:48

00060983106TRLO0

LSE

806

333.50

15:00:48

00060983107TRLO0

LSE

40

332.50

15:08:28

00060983714TRLO0

LSE

372

332.50

15:08:28

00060983715TRLO0

LSE

440

332.50

15:08:28

00060983716TRLO0

LSE

10

332.50

15:15:02

00060984176TRLO0

LSE

1500

332.50

15:15:02

00060984177TRLO0

LSE

143

332.50

15:15:02

00060984178TRLO0

LSE

1628

332.00

15:26:57

00060985099TRLO0

LSE

1232

331.50

15:32:06

00060985465TRLO0

LSE

36

331.50

15:32:06

00060985466TRLO0

LSE

611

331.50

15:32:06

00060985467TRLO0

LSE

178

331.50

15:40:56

00060986182TRLO0

LSE

1500

331.50

15:40:56

00060986183TRLO0

LSE

100

331.50

15:40:56

00060986184TRLO0

LSE

98

331.50

15:40:56

00060986185TRLO0

LSE

1835

331.00

15:50:20

00060986870TRLO0

LSE

1624

331.00

15:55:00

00060987151TRLO0

LSE

700

330.50

16:00:08

00060987444TRLO0

LSE

411

330.50

16:00:08

00060987445TRLO0

LSE

357

330.50

16:00:08

00060987446TRLO0

LSE

177

330.50

16:00:08

00060987447TRLO0

LSE

467

330.00

16:11:19

00060988565TRLO0

LSE

451

330.00

16:13:51

00060988876TRLO0

LSE

471

330.00

16:16:21

00060989164TRLO0

LSE

91

330.50

16:18:43

00060989367TRLO0

LSE

6

330.50

16:18:43

00060989368TRLO0

LSE

18

330.50

16:18:43

00060989369TRLO0

LSE

38

330.50

16:18:43

00060989370TRLO0

LSE

77

330.50

16:18:43

00060989371TRLO0

LSE

1341

330.50

16:19:29

00060989407TRLO0

LSE

593

330.50

16:19:29

00060989408TRLO0

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