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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

21 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 20 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

: 313.8672 pence per share

Highest purchase price paid

: 319.5 pence per share

Lowest purchase price paid

: 312 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 10,421,618 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 235,669,805 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 20 September 2022)

Number of shares
purchased

Transaction price
(GB pence per share)

Time of transaction

Transaction reference number

Venue

2473

319.50

08:28:37

00061065471TRLO0

LSE

6

318.50

08:31:43

00061065686TRLO0

LSE

10

318.50

08:32:05

00061065727TRLO0

LSE

500

318.50

08:32:43

00061065775TRLO0

LSE

1000

318.50

08:32:43

00061065776TRLO0

LSE

239

318.50

08:32:43

00061065777TRLO0

LSE

1931

315.50

09:03:55

00061067464TRLO0

LSE

1637

313.50

09:12:46

00061067931TRLO0

LSE

337

314.00

09:21:02

00061068520TRLO0

LSE

1000

314.00

09:21:02

00061068521TRLO0

LSE

344

314.00

09:21:02

00061068522TRLO0

LSE

700

314.50

09:58:15

00061069736TRLO0

LSE

1183

314.50

09:58:15

00061069737TRLO0

LSE

670

314.50

09:58:15

00061069738TRLO0

LSE

1007

314.50

09:58:15

00061069739TRLO0

LSE

1694

314.50

09:58:15

00061069740TRLO0

LSE

89

314.00

10:03:22

00061069824TRLO0

LSE

504

314.00

10:20:55

00061070446TRLO0

LSE

1037

314.00

10:21:09

00061070457TRLO0

LSE

1721

314.00

10:21:09

00061070458TRLO0

LSE

121

313.00

10:29:27

00061070768TRLO0

LSE

6

313.00

10:29:55

00061070797TRLO0

LSE

484

313.00

10:32:37

00061070891TRLO0

LSE

454

313.00

10:42:04

00061071089TRLO0

LSE

584

313.00

10:45:23

00061071125TRLO0

LSE

1638

312.00

10:52:16

00061071324TRLO0

LSE

2

313.50

11:47:33

00061072463TRLO0

LSE

3688

313.50

11:47:33

00061072464TRLO0

LSE

325

313.50

11:47:33

00061072465TRLO0

LSE

2005

313.50

11:47:33

00061072466TRLO0

LSE

46

313.00

11:47:36

00061072468TRLO0

LSE

1585

313.00

11:47:36

00061072469TRLO0

LSE

1931

314.50

12:24:10

00061073156TRLO0

LSE

738

314.00

12:34:44

00061073360TRLO0

LSE

907

314.00

12:34:44

00061073361TRLO0

LSE

1654

313.50

12:41:29

00061073522TRLO0

LSE

1906

314.00

13:06:45

00061074057TRLO0

LSE

601

313.50

13:23:18

00061074369TRLO0

LSE

1935

314.50

13:51:36

00061075024TRLO0

LSE

28

314.50

13:51:36

00061075025TRLO0

LSE

1800

314.50

13:51:52

00061075030TRLO0

LSE

1184

314.50

13:51:52

00061075031TRLO0

LSE

781

314.50

13:51:52

00061075032TRLO0

LSE

6

314.50

13:55:56

00061075079TRLO0

LSE

1662

314.50

13:55:56

00061075080TRLO0

LSE

1650

314.50

14:02:22

00061075197TRLO0

LSE

100

314.50

14:02:22

00061075198TRLO0

LSE

100

314.50

14:02:24

00061075199TRLO0

LSE

100

314.50

14:02:24

00061075200TRLO0

LSE

100

314.50

14:02:25

00061075201TRLO0

LSE

100

314.50

14:02:25

00061075202TRLO0

LSE

3

314.50

14:02:25

00061075203TRLO0

LSE

100

314.50

14:02:25

00061075204TRLO0

LSE

100

314.50

14:02:33

00061075207TRLO0

LSE

100

314.50

14:02:33

00061075208TRLO0

LSE

100

314.50

14:02:33

00061075209TRLO0

LSE

100

314.50

14:02:33

00061075210TRLO0

LSE

100

314.50

14:02:40

00061075211TRLO0

LSE

821

314.50

14:02:40

00061075212TRLO0

LSE

297

314.50

14:02:40

00061075213TRLO0

LSE

100

314.50

14:04:30

00061075242TRLO0

LSE

319

314.50

14:04:30

00061075243TRLO0

LSE

1872

314.00

14:06:17

00061075263TRLO0

LSE

8

314.00

14:06:25

00061075266TRLO0

LSE

626

314.00

14:06:42

00061075269TRLO0

LSE

175

314.00

14:06:43

00061075270TRLO0

LSE

8

314.00

14:06:45

00061075271TRLO0

LSE

8

314.00

14:07:11

00061075277TRLO0

LSE

837

314.00

14:07:22

00061075285TRLO0

LSE

360

313.00

14:20:30

00061075617TRLO0

LSE

1294

313.00

14:31:26

00061076065TRLO0

LSE

1622

313.00

14:31:26

00061076066TRLO0

LSE

288

313.00

14:31:26

00061076067TRLO0

LSE

498

313.00

14:31:26

00061076068TRLO0

LSE

500

313.00

14:31:26

00061076069TRLO0

LSE

760

313.00

14:31:26

00061076070TRLO0

LSE

1055

312.50

14:51:01

00061077008TRLO0

LSE

160

312.50

14:51:20

00061077035TRLO0

LSE

706

312.50

14:51:20

00061077036TRLO0

LSE

1686

312.50

14:51:20

00061077037TRLO0

LSE

175

313.00

15:03:43

00061077846TRLO0

LSE

178

313.00

15:03:43

00061077847TRLO0

LSE

523

313.00

15:14:02

00061078454TRLO0

LSE

30

313.00

15:17:19

00061078652TRLO0

LSE

798

313.00

15:20:04

00061078757TRLO0

LSE

227

313.00

15:20:04

00061078758TRLO0

LSE

1782

313.00

15:20:04

00061078759TRLO0

LSE

216

313.00

15:20:04

00061078760TRLO0

LSE

877

313.00

15:20:04

00061078761TRLO0

LSE

1144

313.00

15:20:04

00061078762TRLO0

LSE

902

313.00

15:20:04

00061078763TRLO0

LSE

500

313.00

15:20:04

00061078764TRLO0

LSE

123

313.00

15:20:04

00061078765TRLO0

LSE

1527

313.00

15:22:16

00061078838TRLO0

LSE

1769

313.50

15:23:17

00061078884TRLO0

LSE

670

313.50

15:25:19

00061078950TRLO0

LSE

1604

313.00

15:28:32

00061079106TRLO0

LSE

1785

313.00

15:28:32

00061079107TRLO0

LSE

1558

313.00

15:28:32

00061079108TRLO0

LSE

17

313.00

15:38:29

00061079601TRLO0

LSE

1

313.00

15:38:29

00061079602TRLO0

LSE

371

313.00

15:38:29

00061079603TRLO0

LSE

50

313.00

15:39:09

00061079671TRLO0

LSE

526

313.00

15:39:09

00061079672TRLO0

LSE

378

313.00

15:39:09

00061079673TRLO0

LSE

11

313.00

15:40:29

00061079692TRLO0

LSE

11

313.00

15:40:29

00061079693TRLO0

LSE

226

313.00

15:40:29

00061079694TRLO0

LSE

340

313.00

15:40:29

00061079695TRLO0

LSE

852

313.00

15:40:29

00061079696TRLO0

LSE

452

313.00

15:40:29

00061079697TRLO0

LSE

514

313.50

16:03:06

00061080440TRLO0

LSE

735

313.50

16:03:06

00061080441TRLO0

LSE

93

313.50

16:05:06

00061080506TRLO0

LSE

1799

313.50

16:05:06

00061080507TRLO0

LSE

224

313.50

16:05:06

00061080508TRLO0

LSE

552

313.50

16:05:06

00061080509TRLO0

LSE

1662

313.50

16:17:46

00061081039TRLO0

LSE

2753

313.50

16:17:53

00061081064TRLO0

LSE

194

313.50

16:17:53

00061081065TRLO0

LSE

506

313.50

16:17:56

00061081066TRLO0

LSE

1694

313.50

16:17:56

00061081067TRLO0

LSE

217

313.50

16:17:59

00061081080TRLO0

LSE

1682

313.50

16:17:59

00061081081TRLO0

LSE

85

313.50

16:18:48

00061081114TRLO0

LSE

46

313.50

16:20:18

00061081216TRLO0

LSE

177

313.50

16:20:18

00061081217TRLO0

LSE

184

314.00

16:24:45

00061081494TRLO0

LSE

523

314.00

16:24:47

00061081497TRLO0

LSE

1000

314.00

16:24:47

00061081498TRLO0

LSE

500

314.00

16:24:47

00061081499TRLO0

LSE

500

314.00

16:24:47

00061081500TRLO0

LSE

136

314.00

16:24:47

00061081501TRLO0

LSE

97

314.00

16:24:47

00061081502TRLO0

LSE

500

314.00

16:24:47

00061081503TRLO0

LSE

1417

314.00

16:24:47

00061081504TRLO0

LSE

565

314.00

16:24:47

00061081505TRLO0

LSE

1116

314.00

16:24:47

00061081506TRLO0

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