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Redde Northgate Plc - Transaction in Own Shares

·6-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

5 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 2 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

: 73,297

Weighted average purchase price paid

: 320.1171 pence per share

Highest purchase price paid

: 324.5 pence per share

Lowest purchase price paid

: 314.5 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 9,274,281 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 236,817,142, 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 2 September 2022)

Number of shares
purchased

Transaction price
(GB pence per share)

Time of transaction

Transaction reference number

Venue

2038

315.00

08:12:20

00060807363TRLO0

LSE

24

315.50

08:12:20

00060807364TRLO0

LSE

1069

315.50

08:12:20

00060807365TRLO0

LSE

777

315.50

08:12:20

00060807366TRLO0

LSE

1765

316.00

08:13:06

00060807420TRLO0

LSE

1626

315.50

08:13:22

00060807430TRLO0

LSE

934

315.00

08:14:04

00060807468TRLO0

LSE

753

315.00

08:14:04

00060807469TRLO0

LSE

1794

315.00

08:14:04

00060807470TRLO0

LSE

731

314.50

08:15:35

00060807543TRLO0

LSE

900

314.50

08:15:35

00060807544TRLO0

LSE

1796

317.50

08:35:00

00060808741TRLO0

LSE

1800

317.50

08:37:23

00060808881TRLO0

LSE

118

317.50

08:37:23

00060808882TRLO0

LSE

1729

317.50

08:37:23

00060808883TRLO0

LSE

373

317.50

08:37:23

00060808884TRLO0

LSE

1512

317.50

08:37:23

00060808885TRLO0

LSE

776

317.50

08:46:33

00060809777TRLO0

LSE

970

317.50

08:46:33

00060809778TRLO0

LSE

327

318.00

10:01:42

00060813369TRLO0

LSE

1326

318.00

10:01:42

00060813370TRLO0

LSE

1496

318.00

10:01:42

00060813371TRLO0

LSE

50

318.00

10:01:42

00060813372TRLO0

LSE

1787

319.00

10:20:39

00060814135TRLO0

LSE

19

321.00

10:52:22

00060815465TRLO0

LSE

442

321.50

10:52:22

00060815466TRLO0

LSE

390

321.50

10:52:22

00060815467TRLO0

LSE

1800

321.50

10:52:22

00060815468TRLO0

LSE

22

321.50

10:52:22

00060815469TRLO0

LSE

166

321.50

10:52:57

00060815499TRLO0

LSE

1765

321.50

10:53:16

00060815532TRLO0

LSE

1570

321.50

10:53:47

00060815548TRLO0

LSE

1672

320.50

11:35:04

00060817063TRLO0

LSE

1704

320.00

11:35:04

00060817064TRLO0

LSE

1805

319.00

12:04:29

00060818124TRLO0

LSE

1749

319.00

12:52:22

00060820676TRLO0

LSE

332

323.50

13:37:09

00060822980TRLO0

LSE

456

323.50

13:37:09

00060822981TRLO0

LSE

764

324.50

13:37:35

00060823029TRLO0

LSE

405

324.50

13:37:35

00060823031TRLO0

LSE

330

324.50

13:37:35

00060823033TRLO0

LSE

1206

324.50

13:40:50

00060823208TRLO0

LSE

653

324.50

13:40:50

00060823209TRLO0

LSE

1261

324.00

13:45:02

00060823422TRLO0

LSE

932

324.00

13:45:02

00060823423TRLO0

LSE

1546

324.00

13:45:02

00060823424TRLO0

LSE

425

321.50

13:45:10

00060823428TRLO0

LSE

1234

321.50

13:45:10

00060823429TRLO0

LSE

1744

322.00

14:01:52

00060824050TRLO0

LSE

589

321.50

14:08:50

00060824234TRLO0

LSE

33

321.50

14:08:50

00060824235TRLO0

LSE

1135

321.50

14:34:50

00060825377TRLO0

LSE

637

321.50

14:34:50

00060825378TRLO0

LSE

327

321.50

14:34:50

00060825379TRLO0

LSE

630

321.50

14:34:50

00060825380TRLO0

LSE

900

321.50

14:37:04

00060825492TRLO0

LSE

900

321.50

14:37:04

00060825493TRLO0

LSE

3

321.50

14:37:04

00060825494TRLO0

LSE

1550

320.00

14:41:22

00060825687TRLO0

LSE

3

320.00

14:41:22

00060825698TRLO0

LSE

1310

321.00

15:02:31

00060826771TRLO0

LSE

580

321.00

15:02:31

00060826772TRLO0

LSE

900

323.00

15:18:05

00060827465TRLO0

LSE

866

323.00

15:18:05

00060827466TRLO0

LSE

1497

322.50

15:19:36

00060827490TRLO0

LSE

59

322.50

15:19:36

00060827492TRLO0

LSE

1847

322.50

15:19:36

00060827493TRLO0

LSE

1827

322.50

15:23:36

00060827720TRLO0

LSE

1857

323.50

15:43:26

00060828882TRLO0

LSE

40

323.50

15:43:26

00060828883TRLO0

LSE

55

323.50

15:49:30

00060829464TRLO0

LSE

1769

323.50

15:49:30

00060829465TRLO0

LSE

193

324.00

15:52:30

00060829604TRLO0

LSE

550

324.00

15:52:30

00060829605TRLO0

LSE

304

324.00

15:52:30

00060829606TRLO0

LSE

644

324.00

15:52:30

00060829607TRLO0

LSE

167

324.00

15:58:30

00060829894TRLO0

LSE

79

324.00

15:58:30

00060829895TRLO0

LSE

327

324.00

15:58:30

00060829896TRLO0

LSE

644

324.00

15:59:15

00060829924TRLO0

LSE

193

324.00

15:59:15

00060829925TRLO0

LSE

19

323.00

15:59:55

00060829952TRLO0

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