UK Markets closed

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

12 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 9 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

: 100,000

Weighted average purchase price paid

: 326.9100 pence per share

Highest purchase price paid

: 329 pence per share

Lowest purchase price paid

: 323.5 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 9,794,281 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 236,297,142, 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 9 September 2022)

Number of shares
purchased

Transaction price
(GB pence per share)

Time of transaction

Transaction reference number

Venue

116

327.00

08:25:14

00060918560TRLO0

LSE

1507

327.00

08:25:14

00060918561TRLO0

LSE

1891

327.00

08:25:14

00060918562TRLO0

LSE

1679

327.00

08:44:40

00060918942TRLO0

LSE

1544

326.50

08:44:40

00060918943TRLO0

LSE

423

325.50

08:44:41

00060918944TRLO0

LSE

1563

325.50

08:44:41

00060918945TRLO0

LSE

775

326.50

08:53:24

00060919174TRLO0

LSE

978

326.50

08:53:24

00060919175TRLO0

LSE

2669

328.00

09:31:54

00060920248TRLO0

LSE

1400

328.00

09:31:54

00060920249TRLO0

LSE

319

328.00

09:31:54

00060920250TRLO0

LSE

1427

327.50

09:38:34

00060920418TRLO0

LSE

386

327.50

09:38:34

00060920419TRLO0

LSE

1400

328.00

10:03:23

00060921211TRLO0

LSE

239

328.00

10:03:23

00060921212TRLO0

LSE

252

328.00

10:03:23

00060921213TRLO0

LSE

2163

327.50

10:14:45

00060921492TRLO0

LSE

475

327.00

10:26:36

00060921767TRLO0

LSE

502

327.00

10:40:27

00060922070TRLO0

LSE

1181

327.00

10:44:49

00060922307TRLO0

LSE

335

327.00

10:44:49

00060922308TRLO0

LSE

1410

327.00

10:44:49

00060922309TRLO0

LSE

159

326.00

10:50:57

00060922521TRLO0

LSE

478

326.00

11:02:54

00060922781TRLO0

LSE

458

326.00

11:19:39

00060923129TRLO0

LSE

496

326.00

11:31:57

00060923485TRLO0

LSE

244

326.00

12:00:22

00060924331TRLO0

LSE

149

326.00

12:06:22

00060924534TRLO0

LSE

1667

326.00

12:06:22

00060924535TRLO0

LSE

68

326.00

12:06:22

00060924536TRLO0

LSE

1648

326.00

12:06:22

00060924537TRLO0

LSE

854

326.00

12:06:22

00060924538TRLO0

LSE

811

326.00

12:06:22

00060924539TRLO0

LSE

738

327.50

12:29:45

00060925050TRLO0

LSE

904

327.50

12:29:45

00060925051TRLO0

LSE

1566

326.50

12:29:51

00060925054TRLO0

LSE

76

326.50

12:29:51

00060925055TRLO0

LSE

984

326.50

12:30:51

00060925080TRLO0

LSE

886

326.50

12:30:51

00060925081TRLO0

LSE

689

326.50

12:30:51

00060925082TRLO0

LSE

213

326.50

12:30:51

00060925083TRLO0

LSE

848

326.00

12:34:01

00060925209TRLO0

LSE

700

326.00

12:34:01

00060925210TRLO0

LSE

159

326.00

12:34:01

00060925211TRLO0

LSE

1613

325.00

12:52:50

00060925710TRLO0

LSE

1950

324.00

13:03:48

00060925960TRLO0

LSE

425

323.50

13:10:19

00060926103TRLO0

LSE

480

323.50

13:23:01

00060926375TRLO0

LSE

412

323.50

13:29:15

00060926471TRLO0

LSE

781

323.50

13:30:30

00060926539TRLO0

LSE

1917

324.50

13:35:45

00060926782TRLO0

LSE

1852

325.50

13:51:21

00060927377TRLO0

LSE

929

325.50

13:51:21

00060927378TRLO0

LSE

812

325.50

13:51:21

00060927379TRLO0

LSE

1200

326.00

13:59:32

00060927540TRLO0

LSE

395

326.00

13:59:32

00060927541TRLO0

LSE

700

326.00

14:24:14

00060928341TRLO0

LSE

2100

326.00

14:24:14

00060928342TRLO0

LSE

144

326.00

14:24:14

00060928343TRLO0

LSE

1256

326.00

14:24:14

00060928344TRLO0

LSE

317

326.00

14:24:14

00060928345TRLO0

LSE

532

326.00

14:24:14

00060928348TRLO0

LSE

830

326.00

14:24:14

00060928349TRLO0

LSE

763

326.00

14:26:14

00060928538TRLO0

LSE

900

326.50

14:36:00

00060929141TRLO0

LSE

700

326.50

14:36:00

00060929142TRLO0

LSE

29

326.50

14:36:26

00060929177TRLO0

LSE

1667

326.50

14:36:26

00060929178TRLO0

LSE

1554

326.50

14:42:54

00060929512TRLO0

LSE

1288

326.50

14:42:54

00060929513TRLO0

LSE

440

326.50

14:42:54

00060929514TRLO0

LSE

33

326.50

14:47:49

00060929779TRLO0

LSE

984

326.50

14:50:24

00060929906TRLO0

LSE

551

326.50

14:50:24

00060929907TRLO0

LSE

984

326.50

14:53:33

00060930024TRLO0

LSE

702

325.50

14:55:41

00060930102TRLO0

LSE

462

325.50

14:59:25

00060930268TRLO0

LSE

435

327.00

15:14:07

00060931352TRLO0

LSE

1184

327.00

15:14:07

00060931353TRLO0

LSE

3

327.50

15:16:37

00060931498TRLO0

LSE

51

327.50

15:16:37

00060931499TRLO0

LSE

878

328.00

15:22:13

00060931761TRLO0

LSE

3860

328.00

15:22:13

00060931762TRLO0

LSE

1400

328.00

15:22:13

00060931763TRLO0

LSE

508

328.00

15:22:13

00060931764TRLO0

LSE

866

328.00

15:25:10

00060931832TRLO0

LSE

690

328.00

15:26:10

00060931861TRLO0

LSE

984

328.00

15:26:10

00060931862TRLO0

LSE

35

328.00

15:26:10

00060931863TRLO0

LSE

280

328.00

15:26:10

00060931864TRLO0

LSE

45

328.00

15:26:10

00060931865TRLO0

LSE

650

328.00

15:26:10

00060931866TRLO0

LSE

675

328.00

15:31:59

00060932103TRLO0

LSE

340

328.00

15:31:59

00060932104TRLO0

LSE

208

328.00

15:31:59

00060932105TRLO0

LSE

406

328.00

15:40:59

00060932415TRLO0

LSE

523

328.00

15:40:59

00060932416TRLO0

LSE

403

328.00

15:40:59

00060932417TRLO0

LSE

616

328.50

15:45:00

00060932675TRLO0

LSE

380

328.50

15:45:00

00060932676TRLO0

LSE

727

328.50

15:45:00

00060932677TRLO0

LSE

698

328.50

15:47:00

00060932803TRLO0

LSE

741

328.50

15:47:00

00060932804TRLO0

LSE

350

328.50

15:47:00

00060932805TRLO0

LSE

408

328.50

15:47:00

00060932806TRLO0

LSE

414

328.50

15:47:00

00060932807TRLO0

LSE

380

328.50

15:52:09

00060933266TRLO0

LSE

460

328.50

15:52:09

00060933267TRLO0

LSE

761

328.50

15:52:09

00060933268TRLO0

LSE

336

328.50

15:52:09

00060933269TRLO0

LSE

153

328.00

15:55:19

00060933675TRLO0

LSE

446

328.00

15:55:19

00060933676TRLO0

LSE

411

328.00

15:57:04

00060933767TRLO0

LSE

87

328.50

16:00:01

00060933925TRLO0

LSE

266

328.50

16:00:01

00060933926TRLO0

LSE

366

328.50

16:00:01

00060933927TRLO0

LSE

5

328.50

16:02:01

00060934266TRLO0

LSE

319

328.50

16:02:01

00060934267TRLO0

LSE

353

328.50

16:02:01

00060934268TRLO0

LSE

646

328.50

16:02:01

00060934269TRLO0

LSE

158

328.50

16:05:01

00060934408TRLO0

LSE

640

328.50

16:05:01

00060934409TRLO0

LSE

361

328.50

16:05:01

00060934410TRLO0

LSE

129

328.50

16:08:29

00060934667TRLO0

LSE

202

328.50

16:08:29

00060934668TRLO0

LSE

620

328.50

16:08:29

00060934669TRLO0

LSE

433

328.50

16:09:29

00060934748TRLO0

LSE

311

328.50

16:09:29

00060934749TRLO0

LSE

207

328.50

16:09:29

00060934750TRLO0

LSE

670

328.50

16:09:29

00060934751TRLO0

LSE

860

329.00

16:12:52

00060934990TRLO0

LSE

273

329.00

16:12:52

00060934991TRLO0

LSE

487

329.00

16:12:52

00060934992TRLO0

LSE

2

329.00

16:12:52

00060934993TRLO0

LSE

166

329.00

16:12:52

00060934994TRLO0

LSE

973

329.00

16:16:52

00060935182TRLO0

LSE

343

329.00

16:16:52

00060935183TRLO0

LSE

277

329.00

16:16:52

00060935184TRLO0

LSE

10

329.00

16:16:52

00060935185TRLO0

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