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Redde Northgate Plc - Transaction in Own Shares

·8-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

22 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 21 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

: 96,195

Weighted average purchase price paid

: 317.2194 pence per share

Highest purchase price paid

: 319.5 pence per share

Lowest purchase price paid

: 313 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 10,517,813 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 235,573,610 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 21 September 2022)

Number of shares
purchased

Transaction price
(GB pence per share)

Time of transaction

Transaction reference number

Venue

330

313.00

08:22:15

00061083782TRLO0

LSE

1232

313.00

08:22:15

00061083783TRLO0

LSE

1080

315.50

08:38:41

00061086086TRLO0

LSE

868

315.50

08:38:41

00061086087TRLO0

LSE

1080

315.50

08:38:41

00061086088TRLO0

LSE

761

315.50

08:38:41

00061086089TRLO0

LSE

1634

318.00

08:52:52

00061087432TRLO0

LSE

1172

318.00

08:52:52

00061087433TRLO0

LSE

692

318.00

08:52:52

00061087434TRLO0

LSE

724

317.50

08:53:42

00061087508TRLO0

LSE

925

317.50

08:53:42

00061087509TRLO0

LSE

511

317.50

08:53:42

00061087510TRLO0

LSE

139

317.00

08:57:02

00061087751TRLO0

LSE

1543

317.00

08:57:02

00061087752TRLO0

LSE

1688

316.50

09:05:16

00061088136TRLO0

LSE

1806

319.50

09:22:47

00061088839TRLO0

LSE

523

319.00

09:23:02

00061088853TRLO0

LSE

1335

319.00

09:23:02

00061088854TRLO0

LSE

962

318.50

09:23:59

00061088874TRLO0

LSE

1064

318.50

09:26:26

00061088965TRLO0

LSE

526

318.50

09:26:26

00061088966TRLO0

LSE

1964

318.00

09:32:02

00061089130TRLO0

LSE

642

318.00

09:53:15

00061089813TRLO0

LSE

802

318.00

09:53:15

00061089814TRLO0

LSE

327

318.00

09:53:15

00061089815TRLO0

LSE

720

317.00

09:56:45

00061089953TRLO0

LSE

1109

317.00

10:11:25

00061090563TRLO0

LSE

72

317.00

10:11:25

00061090564TRLO0

LSE

13

317.50

10:30:41

00061091366TRLO0

LSE

5

317.50

10:30:41

00061091367TRLO0

LSE

296

317.00

10:32:32

00061091412TRLO0

LSE

467

317.50

10:32:32

00061091413TRLO0

LSE

1243

317.50

10:38:36

00061091668TRLO0

LSE

1728

318.50

10:49:32

00061091942TRLO0

LSE

129

318.50

10:49:32

00061091943TRLO0

LSE

1000

318.50

10:49:58

00061091964TRLO0

LSE

671

318.50

10:49:58

00061091965TRLO0

LSE

1582

318.00

10:49:59

00061091966TRLO0

LSE

39

318.00

10:49:59

00061091967TRLO0

LSE

513

317.50

11:03:30

00061092398TRLO0

LSE

187

317.50

11:03:30

00061092399TRLO0

LSE

1122

317.50

11:04:41

00061092445TRLO0

LSE

329

316.50

11:15:29

00061092809TRLO0

LSE

300

316.50

11:31:29

00061093099TRLO0

LSE

929

316.50

11:31:29

00061093100TRLO0

LSE

328

316.50

11:31:29

00061093101TRLO0

LSE

1463

316.50

11:31:29

00061093102TRLO0

LSE

1561

317.50

11:54:31

00061093548TRLO0

LSE

730

317.50

11:56:57

00061093610TRLO0

LSE

1282

317.50

12:03:28

00061093715TRLO0

LSE

962

317.50

12:04:55

00061093736TRLO0

LSE

143

317.00

12:10:37

00061093898TRLO0

LSE

1454

317.00

12:10:37

00061093899TRLO0

LSE

7

317.00

12:42:42

00061094447TRLO0

LSE

1300

317.00

13:10:38

00061095311TRLO0

LSE

297

317.00

13:10:38

00061095312TRLO0

LSE

292

317.00

13:11:57

00061095395TRLO0

LSE

300

317.00

13:13:41

00061095454TRLO0

LSE

1047

317.00

13:22:52

00061095739TRLO0

LSE

1876

317.00

13:22:52

00061095740TRLO0

LSE

962

317.50

13:24:21

00061095807TRLO0

LSE

1282

317.50

13:24:49

00061095839TRLO0

LSE

118

318.00

13:35:11

00061096094TRLO0

LSE

2681

318.00

13:35:11

00061096095TRLO0

LSE

12

318.00

13:35:11

00061096096TRLO0

LSE

455

317.50

13:51:11

00061096551TRLO0

LSE

139

317.50

13:51:11

00061096552TRLO0

LSE

1000

317.50

13:51:11

00061096553TRLO0

LSE

285

317.50

13:51:11

00061096554TRLO0

LSE

423

318.00

13:52:31

00061096602TRLO0

LSE

756

318.00

13:52:31

00061096603TRLO0

LSE

555

318.00

13:52:31

00061096604TRLO0

LSE

500

316.50

13:58:43

00061096831TRLO0

LSE

1146

316.50

13:58:43

00061096832TRLO0

LSE

745

317.00

14:29:02

00061098296TRLO0

LSE

951

317.00

14:29:02

00061098297TRLO0

LSE

1134

317.00

14:29:13

00061098308TRLO0

LSE

511

317.00

14:29:13

00061098309TRLO0

LSE

14

317.00

14:29:41

00061098325TRLO0

LSE

32

317.00

14:29:41

00061098326TRLO0

LSE

743

317.00

14:29:41

00061098327TRLO0

LSE

729

317.00

14:29:41

00061098328TRLO0

LSE

641

317.00

14:32:00

00061098734TRLO0

LSE

340

317.00

14:32:00

00061098735TRLO0

LSE

701

316.50

14:32:41

00061098775TRLO0

LSE

1000

316.50

14:32:41

00061098776TRLO0

LSE

25

316.50

14:32:41

00061098777TRLO0

LSE

1016

317.00

14:50:00

00061100745TRLO0

LSE

563

317.00

14:50:00

00061100746TRLO0

LSE

214

317.00

14:50:00

00061100747TRLO0

LSE

1696

317.00

14:50:11

00061100770TRLO0

LSE

735

316.50

14:54:31

00061101157TRLO0

LSE

500

316.50

14:54:31

00061101158TRLO0

LSE

477

316.50

14:59:27

00061101829TRLO0

LSE

86

316.50

14:59:27

00061101830TRLO0

LSE

1824

316.50

14:59:27

00061101831TRLO0

LSE

1681

315.50

15:05:51

00061102573TRLO0

LSE

87

315.50

15:05:51

00061102574TRLO0

LSE

69

316.00

15:12:20

00061103147TRLO0

LSE

962

316.00

15:14:49

00061103339TRLO0

LSE

242

317.00

15:26:04

00061104077TRLO0

LSE

504

317.00

15:26:04

00061104078TRLO0

LSE

1000

317.00

15:26:06

00061104089TRLO0

LSE

150

317.00

15:26:06

00061104090TRLO0

LSE

960

317.00

15:26:06

00061104091TRLO0

LSE

280

318.00

15:37:47

00061105598TRLO0

LSE

626

318.00

15:37:47

00061105599TRLO0

LSE

26

318.00

15:37:47

00061105600TRLO0

LSE

15

318.00

15:37:47

00061105601TRLO0

LSE

290

318.00

15:37:47

00061105602TRLO0

LSE

85

317.50

15:37:47

00061105603TRLO0

LSE

1587

317.50

15:37:47

00061105604TRLO0

LSE

561

318.00

15:37:47

00061105605TRLO0

LSE

551

318.00

15:37:47

00061105606TRLO0

LSE

317

318.00

15:37:47

00061105607TRLO0

LSE

581

318.00

15:37:47

00061105608TRLO0

LSE

1693

317.50

15:37:47

00061105609TRLO0

LSE

145

317.00

15:52:14

00061106522TRLO0

LSE

1550

317.00

15:52:14

00061106523TRLO0

LSE

414

317.00

15:52:14

00061106524TRLO0

LSE

500

317.00

15:52:14

00061106525TRLO0

LSE

500

317.00

15:52:14

00061106526TRLO0

LSE

378

317.00

15:52:14

00061106527TRLO0

LSE

258

316.50

15:54:20

00061106686TRLO0

LSE

1436

317.00

16:03:47

00061107271TRLO0

LSE

361

317.00

16:03:47

00061107272TRLO0

LSE

1139

317.00

16:03:47

00061107273TRLO0

LSE

526

317.00

16:03:47

00061107274TRLO0

LSE

738

317.00

16:08:47

00061107456TRLO0

LSE

261

317.00

16:08:47

00061107457TRLO0

LSE

734

317.00

16:08:47

00061107458TRLO0

LSE

1

317.00

16:08:47

00061107459TRLO0

LSE

170

317.00

16:15:00

00061107968TRLO0

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