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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

13 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 12 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

: 97,337

Weighted average purchase price paid

: 334.2867 pence per share

Highest purchase price paid

: 336 pence per share

Lowest purchase price paid

: 332 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 9,891,618 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 236,199,805 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

700

332.50

08:49:28

00060939024TRLO0

LSE

700

332.50

08:49:28

00060939025TRLO0

LSE

700

332.50

08:49:28

00060939026TRLO0

LSE

243

332.50

08:51:44

00060939152TRLO0

LSE

2296

332.50

08:51:44

00060939153TRLO0

LSE

500

332.50

08:51:44

00060939154TRLO0

LSE

2088

332.00

08:55:13

00060939286TRLO0

LSE

342

332.00

08:55:13

00060939287TRLO0

LSE

1444

332.00

08:55:13

00060939288TRLO0

LSE

490

333.00

09:32:47

00060940966TRLO0

LSE

906

333.00

09:32:53

00060940967TRLO0

LSE

174

333.00

09:33:00

00060940968TRLO0

LSE

30

333.00

09:47:05

00060941527TRLO0

LSE

700

333.00

09:47:05

00060941528TRLO0

LSE

921

333.00

09:47:05

00060941529TRLO0

LSE

1596

333.00

09:47:05

00060941530TRLO0

LSE

1956

333.00

09:47:05

00060941531TRLO0

LSE

1036

332.50

09:47:05

00060941532TRLO0

LSE

1067

332.50

09:47:05

00060941533TRLO0

LSE

1156

334.00

09:53:48

00060941818TRLO0

LSE

650

334.00

09:53:48

00060941819TRLO0

LSE

275

334.00

09:54:27

00060941859TRLO0

LSE

957

334.00

09:54:41

00060941864TRLO0

LSE

614

334.00

09:54:41

00060941865TRLO0

LSE

374

334.00

09:55:37

00060941883TRLO0

LSE

1109

334.00

09:55:37

00060941884TRLO0

LSE

1388

334.00

09:56:17

00060941898TRLO0

LSE

301

334.00

09:56:17

00060941899TRLO0

LSE

1809

334.00

10:28:56

00060943088TRLO0

LSE

1912

334.00

10:28:56

00060943089TRLO0

LSE

988

334.00

10:51:51

00060944340TRLO0

LSE

401

334.00

11:12:27

00060944926TRLO0

LSE

320

334.00

11:16:24

00060945013TRLO0

LSE

499

334.00

11:42:04

00060946015TRLO0

LSE

521

334.00

11:42:04

00060946016TRLO0

LSE

243

334.00

11:52:04

00060946764TRLO0

LSE

1200

334.00

11:52:04

00060946765TRLO0

LSE

1400

334.00

12:14:20

00060947698TRLO0

LSE

254

334.00

12:14:20

00060947699TRLO0

LSE

378

334.00

12:15:13

00060947731TRLO0

LSE

77

334.50

12:31:14

00060948327TRLO0

LSE

90

334.50

12:31:14

00060948328TRLO0

LSE

62

334.50

12:31:14

00060948329TRLO0

LSE

62

334.50

12:31:14

00060948330TRLO0

LSE

1005

334.50

13:08:41

00060949466TRLO0

LSE

452

334.50

13:08:41

00060949467TRLO0

LSE

1795

334.50

13:08:41

00060949468TRLO0

LSE

1555

334.50

13:08:41

00060949469TRLO0

LSE

694

334.50

13:08:41

00060949470TRLO0

LSE

970

334.50

13:08:41

00060949471TRLO0

LSE

2100

334.50

13:08:41

00060949472TRLO0

LSE

188

334.50

13:08:41

00060949473TRLO0

LSE

1171

334.50

13:08:41

00060949475TRLO0

LSE

259

334.50

13:08:41

00060949476TRLO0

LSE

262

334.50

13:08:42

00060949478TRLO0

LSE

486

333.50

14:14:55

00060952080TRLO0

LSE

457

333.50

14:24:46

00060952481TRLO0

LSE

446

333.50

14:31:30

00060953041TRLO0

LSE

468

333.50

14:35:24

00060953369TRLO0

LSE

415

333.50

14:35:24

00060953370TRLO0

LSE

440

333.50

14:39:04

00060953569TRLO0

LSE

414

333.50

14:43:03

00060953821TRLO0

LSE

22

334.50

14:45:06

00060953925TRLO0

LSE

22

334.50

14:45:06

00060953926TRLO0

LSE

16

334.50

14:45:06

00060953927TRLO0

LSE

1053

334.50

14:45:09

00060953929TRLO0

LSE

83

335.00

14:52:44

00060954416TRLO0

LSE

94

335.00

14:52:44

00060954417TRLO0

LSE

113

335.00

14:52:44

00060954418TRLO0

LSE

71

335.00

14:52:44

00060954419TRLO0

LSE

7

335.00

14:52:44

00060954420TRLO0

LSE

700

335.00

14:54:44

00060954547TRLO0

LSE

700

335.00

14:54:44

00060954548TRLO0

LSE

623

335.00

14:54:44

00060954549TRLO0

LSE

1397

335.00

14:54:44

00060954550TRLO0

LSE

697

335.00

14:54:44

00060954551TRLO0

LSE

59

335.50

14:56:16

00060954744TRLO0

LSE

20

335.50

14:56:16

00060954745TRLO0

LSE

1400

336.00

15:00:21

00060955078TRLO0

LSE

700

336.00

15:00:21

00060955079TRLO0

LSE

700

336.00

15:00:21

00060955080TRLO0

LSE

8026

336.00

15:00:21

00060955081TRLO0

LSE

1879

336.00

15:00:21

00060955082TRLO0

LSE

1515

335.00

15:01:31

00060955160TRLO0

LSE

508

335.00

15:01:31

00060955161TRLO0

LSE

460

335.00

15:08:43

00060955623TRLO0

LSE

218

335.00

15:08:54

00060955633TRLO0

LSE

587

335.00

15:08:54

00060955634TRLO0

LSE

1037

335.00

15:08:55

00060955635TRLO0

LSE

1200

335.00

15:08:55

00060955636TRLO0

LSE

475

335.00

15:08:55

00060955637TRLO0

LSE

421

335.00

15:14:55

00060956121TRLO0

LSE

434

335.00

15:17:07

00060956250TRLO0

LSE

92

335.50

15:17:08

00060956251TRLO0

LSE

1769

335.50

15:20:27

00060956482TRLO0

LSE

1634

335.50

15:20:27

00060956483TRLO0

LSE

2000

335.50

15:20:27

00060956484TRLO0

LSE

930

335.50

15:20:27

00060956485TRLO0

LSE

4

335.00

15:22:07

00060956557TRLO0

LSE

46

335.00

15:22:07

00060956558TRLO0

LSE

27

335.00

15:22:07

00060956559TRLO0

LSE

692

335.00

15:22:07

00060956560TRLO0

LSE

351

335.00

15:22:07

00060956561TRLO0

LSE

485

334.00

15:40:16

00060957730TRLO0

LSE

427

334.00

15:43:10

00060957973TRLO0

LSE

449

334.50

15:48:55

00060958280TRLO0

LSE

2888

334.50

15:49:41

00060958337TRLO0

LSE

1873

334.50

15:49:41

00060958338TRLO0

LSE

2000

334.50

15:49:41

00060958339TRLO0

LSE

701

334.50

15:49:41

00060958340TRLO0

LSE

47

334.00

15:57:28

00060958808TRLO0

LSE

476

334.00

16:00:28

00060958973TRLO0

LSE

288

334.00

16:02:02

00060959126TRLO0

LSE

970

334.00

16:02:02

00060959127TRLO0

LSE

220

334.00

16:02:02

00060959128TRLO0

LSE

1475

334.00

16:02:02

00060959129TRLO0

LSE

414

333.00

16:08:43

00060959613TRLO0

LSE

451

333.00

16:11:08

00060959780TRLO0

LSE

502

333.00

16:13:33

00060959972TRLO0

LSE

185

333.00

16:15:38

00060960137TRLO0

LSE

381

333.50

16:23:13

00060960930TRLO0

LSE

512

333.50

16:23:44

00060960966TRLO0

LSE

528

333.50

16:24:14

00060961001TRLO0

LSE

288

333.50

16:24:23

00060961014TRLO0

LSE

489

333.50

16:24:40

00060961031TRLO0

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