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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

6 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 5 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

: 319.1094 pence per share

Highest purchase price paid

: 321 pence per share

Lowest purchase price paid

: 316 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 9,384,281 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 236,707,142, 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 5 September 2022)

Number of shares
purchased

Transaction price
(GB pence per share)

Time of transaction

Transaction reference number

Venue

1917

317.50

08:16:41

00060833760TRLO0

LSE

1776

320.00

08:35:50

00060834187TRLO0

LSE

1699

320.50

08:39:25

00060834336TRLO0

LSE

1907

320.50

08:39:25

00060834337TRLO0

LSE

1568

320.00

08:44:38

00060834432TRLO0

LSE

1905

319.50

08:54:00

00060834672TRLO0

LSE

1574

318.50

09:05:42

00060834934TRLO0

LSE

1989

317.50

09:05:43

00060834935TRLO0

LSE

1706

317.00

09:07:14

00060834975TRLO0

LSE

226

316.00

09:14:27

00060835119TRLO0

LSE

900

316.00

09:14:27

00060835120TRLO0

LSE

534

316.00

09:14:27

00060835121TRLO0

LSE

1434

316.00

09:14:27

00060835122TRLO0

LSE

358

316.00

09:14:27

00060835123TRLO0

LSE

1634

316.00

09:24:25

00060835344TRLO0

LSE

1826

317.00

09:43:58

00060835985TRLO0

LSE

382

318.50

09:55:47

00060836320TRLO0

LSE

360

318.50

09:55:47

00060836321TRLO0

LSE

1743

318.00

09:56:40

00060836333TRLO0

LSE

788

318.00

09:56:40

00060836336TRLO0

LSE

380

318.00

09:56:40

00060836337TRLO0

LSE

1752

318.50

10:19:02

00060836823TRLO0

LSE

1603

318.00

10:23:31

00060836919TRLO0

LSE

492

318.00

10:23:31

00060836920TRLO0

LSE

1683

318.50

10:54:50

00060837940TRLO0

LSE

662

318.00

10:54:50

00060837941TRLO0

LSE

1515

318.00

10:54:50

00060837942TRLO0

LSE

320

318.00

10:54:50

00060837943TRLO0

LSE

1290

318.00

10:54:50

00060837944TRLO0

LSE

1122

318.00

10:54:50

00060837945TRLO0

LSE

278

317.50

10:55:46

00060837964TRLO0

LSE

900

319.00

11:33:46

00060838939TRLO0

LSE

761

319.00

11:33:46

00060838940TRLO0

LSE

338

318.50

11:33:48

00060838941TRLO0

LSE

1755

318.50

11:33:48

00060838942TRLO0

LSE

1641

318.00

11:38:54

00060839060TRLO0

LSE

1955

318.50

12:02:13

00060839565TRLO0

LSE

479

318.50

12:10:42

00060839769TRLO0

LSE

900

319.50

12:13:23

00060839864TRLO0

LSE

900

319.50

12:13:23

00060839865TRLO0

LSE

573

319.50

12:13:23

00060839866TRLO0

LSE

1780

319.50

12:14:20

00060839913TRLO0

LSE

1880

319.50

12:16:10

00060839985TRLO0

LSE

696

319.50

12:16:10

00060839988TRLO0

LSE

1788

321.00

12:37:40

00060840636TRLO0

LSE

832

321.00

12:37:40

00060840637TRLO0

LSE

576

321.00

12:37:40

00060840638TRLO0

LSE

731

320.50

12:38:12

00060840665TRLO0

LSE

900

320.50

12:38:12

00060840666TRLO0

LSE

164

320.50

12:38:12

00060840667TRLO0

LSE

1921

320.50

12:51:18

00060840916TRLO0

LSE

1503

320.50

12:55:13

00060840989TRLO0

LSE

115

320.50

12:55:13

00060840990TRLO0

LSE

1752

320.00

13:08:31

00060841257TRLO0

LSE

899

319.50

13:15:21

00060841459TRLO0

LSE

697

319.50

13:15:21

00060841460TRLO0

LSE

1682

319.00

13:35:15

00060841881TRLO0

LSE

288

320.00

13:55:09

00060842543TRLO0

LSE

1483

320.00

13:55:09

00060842544TRLO0

LSE

1889

319.50

13:58:44

00060842697TRLO0

LSE

188

319.50

13:58:44

00060842698TRLO0

LSE

1608

319.00

14:05:15

00060842945TRLO0

LSE

1580

319.50

14:26:22

00060843930TRLO0

LSE

325

319.00

14:31:21

00060844140TRLO0

LSE

900

319.00

14:43:31

00060844603TRLO0

LSE

841

319.00

14:43:31

00060844604TRLO0

LSE

1564

319.00

14:43:31

00060844605TRLO0

LSE

1729

320.00

14:56:27

00060845136TRLO0

LSE

4

320.50

14:56:27

00060845137TRLO0

LSE

332

320.50

14:56:27

00060845138TRLO0

LSE

435

320.50

14:56:27

00060845139TRLO0

LSE

502

320.50

14:56:27

00060845140TRLO0

LSE

782

319.50

14:59:30

00060845289TRLO0

LSE

699

319.50

15:04:10

00060845465TRLO0

LSE

239

319.50

15:04:10

00060845466TRLO0

LSE

661

319.50

15:04:10

00060845467TRLO0

LSE

373

319.50

15:04:10

00060845468TRLO0

LSE

517

319.50

15:04:10

00060845469TRLO0

LSE

1109

319.50

15:18:45

00060846056TRLO0

LSE

553

319.50

15:18:45

00060846057TRLO0

LSE

4

319.50

15:22:45

00060846273TRLO0

LSE

1616

319.50

15:22:46

00060846274TRLO0

LSE

388

319.50

15:22:46

00060846275TRLO0

LSE

137

319.50

15:24:43

00060846343TRLO0

LSE

1613

319.50

15:24:43

00060846344TRLO0

LSE

856

319.50

15:29:28

00060846510TRLO0

LSE

145

319.50

15:30:28

00060846549TRLO0

LSE

5

319.50

15:31:28

00060846567TRLO0

LSE

136

319.50

15:31:28

00060846568TRLO0

LSE

781

320.00

15:35:37

00060846727TRLO0

LSE

297

320.00

15:35:37

00060846728TRLO0

LSE

529

320.00

15:35:37

00060846729TRLO0

LSE

523

320.00

15:40:46

00060846929TRLO0

LSE

781

320.00

15:40:46

00060846930TRLO0

LSE

307

320.00

15:41:02

00060846939TRLO0

LSE

1697

320.00

15:44:02

00060847093TRLO0

LSE

877

319.50

15:45:35

00060847125TRLO0

LSE

720

319.50

15:45:35

00060847126TRLO0

LSE

545

319.50

15:45:35

00060847127TRLO0

LSE

7

319.50

15:48:23

00060847229TRLO0

LSE

834

319.50

15:48:23

00060847230TRLO0

LSE

199

319.50

15:48:23

00060847231TRLO0

LSE

11

319.50

15:50:23

00060847317TRLO0

LSE

663

319.50

15:50:23

00060847318TRLO0

LSE

837

319.50

15:50:43

00060847331TRLO0

LSE

311

319.50

15:53:43

00060847508TRLO0

LSE

6

319.50

15:54:43

00060847545TRLO0

LSE

218

319.50

15:54:43

00060847546TRLO0

LSE

234

319.50

15:55:53

00060847579TRLO0

LSE

833

319.50

15:56:08

00060847596TRLO0

LSE

8

319.50

15:57:53

00060847687TRLO0

LSE

91

319.00

16:01:02

00060847887TRLO0

LSE

5

319.50

16:03:15

00060847995TRLO0

LSE

52

319.50

16:03:15

00060847996TRLO0

LSE

1287

319.50

16:05:16

00060848128TRLO0

LSE

285

320.00

16:07:57

00060848329TRLO0

LSE

398

320.00

16:07:57

00060848330TRLO0

LSE

410

320.00

16:07:57

00060848331TRLO0

LSE

219

320.00

16:07:57

00060848332TRLO0

LSE

3

319.50

16:08:43

00060848389TRLO0

LSE

1800

319.50

16:10:43

00060848498TRLO0

LSE

94

319.50

16:10:43

00060848499TRLO0

LSE

27

319.50

16:10:43

00060848500TRLO0

LSE

20

319.50

16:10:43

00060848501TRLO0

LSE

42

319.50

16:10:47

00060848509TRLO0

LSE

341

319.50

16:10:47

00060848510TRLO0

LSE

390

319.50

16:10:47

00060848511TRLO0

LSE

6

319.50

16:13:26

00060848752TRLO0

LSE

900

319.50

16:14:26

00060848783TRLO0

LSE

23

319.50

16:14:28

00060848785TRLO0

LSE

151

319.50

16:14:28

00060848786TRLO0

LSE

7

319.50

16:14:39

00060848793TRLO0

LSE

144

319.50

16:15:21

00060848819TRLO0

LSE

8

319.50

16:15:31

00060848825TRLO0

LSE

23

319.50

16:16:51

00060848863TRLO0

LSE

660

320.00

16:18:41

00060848928TRLO0

LSE

244

320.00

16:18:41

00060848929TRLO0

LSE

1124

320.00

16:18:41

00060848930TRLO0

LSE

1086

320.00

16:20:03

00060848974TRLO0

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