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Redde Northgate Plc - Transaction in Own Shares

·5-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

23 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 22 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

: 125,000

Weighted average purchase price paid

: 314.854 pence per share

Highest purchase price paid

: 316.5 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 10,642,813 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 235,448,610 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 22 September 2022)

Number of shares
purchased

Transaction price
(GB pence per share)

Time of transaction

Transaction reference number

Venue

389

312.50

08:24:10

00061111106TRLO0

LSE

1618

312.00

08:27:10

00061111177TRLO0

LSE

389

312.50

08:30:52

00061111308TRLO0

LSE

691

312.00

08:41:29

00061111623TRLO0

LSE

875

312.00

08:41:29

00061111624TRLO0

LSE

1

312.00

08:41:30

00061111625TRLO0

LSE

503

316.00

08:56:40

00061112356TRLO0

LSE

1091

316.00

08:56:40

00061112357TRLO0

LSE

410

316.00

09:03:30

00061112728TRLO0

LSE

1427

316.00

09:03:30

00061112729TRLO0

LSE

273

314.50

09:03:34

00061112732TRLO0

LSE

1858

315.50

09:09:43

00061113013TRLO0

LSE

358

315.00

09:10:11

00061113037TRLO0

LSE

1375

315.00

09:10:11

00061113038TRLO0

LSE

1735

315.00

09:43:44

00061114230TRLO0

LSE

1896

314.00

09:51:54

00061114572TRLO0

LSE

700

313.50

10:18:10

00061115511TRLO0

LSE

1160

313.50

10:18:10

00061115512TRLO0

LSE

1282

313.50

11:01:08

00061116989TRLO0

LSE

252

313.50

11:01:08

00061116990TRLO0

LSE

762

313.50

11:01:08

00061116991TRLO0

LSE

601

313.50

11:13:09

00061117357TRLO0

LSE

759

313.50

11:13:09

00061117358TRLO0

LSE

74

313.50

11:13:09

00061117359TRLO0

LSE

82

313.50

12:01:33

00061118947TRLO0

LSE

1288

314.00

12:09:32

00061119246TRLO0

LSE

1273

314.00

12:10:12

00061119295TRLO0

LSE

621

313.50

12:24:12

00061119646TRLO0

LSE

527

314.00

12:31:00

00061119876TRLO0

LSE

1288

314.00

12:35:00

00061119932TRLO0

LSE

991

315.00

13:32:45

00061121688TRLO0

LSE

42

315.00

13:32:45

00061121689TRLO0

LSE

966

316.00

13:42:26

00061121921TRLO0

LSE

966

316.00

13:42:48

00061121929TRLO0

LSE

1582

316.00

14:02:54

00061122567TRLO0

LSE

292

316.00

14:02:54

00061122568TRLO0

LSE

234

316.00

14:03:03

00061122581TRLO0

LSE

85

316.00

14:03:03

00061122582TRLO0

LSE

906

316.00

14:03:03

00061122583TRLO0

LSE

770

316.00

14:03:03

00061122584TRLO0

LSE

1844

316.00

14:12:42

00061122890TRLO0

LSE

1253

316.00

14:22:27

00061123210TRLO0

LSE

380

316.00

14:22:27

00061123211TRLO0

LSE

1481

316.00

14:37:26

00061123976TRLO0

LSE

443

316.00

14:37:26

00061123977TRLO0

LSE

1583

316.00

14:43:12

00061124504TRLO0

LSE

1119

315.50

14:50:00

00061125034TRLO0

LSE

499

315.50

14:50:00

00061125035TRLO0

LSE

1588

315.50

14:55:54

00061125491TRLO0

LSE

1288

315.00

15:08:35

00061126464TRLO0

LSE

1068

314.50

15:20:19

00061127698TRLO0

LSE

1073

315.50

15:32:53

00061128601TRLO0

LSE

787

315.50

15:32:53

00061128602TRLO0

LSE

506

316.50

16:03:34

00061130567TRLO0

LSE

189

316.50

16:03:34

00061130568TRLO0

LSE

1830

316.50

16:03:34

00061130569TRLO0

LSE

37

316.50

16:03:34

00061130570TRLO0

LSE

553

316.50

16:03:34

00061130571TRLO0

LSE

380

316.50

16:03:34

00061130572TRLO0

LSE

114

316.50

16:03:34

00061130573TRLO0

LSE

79

316.50

16:03:43

00061130577TRLO0

LSE

36

316.50

16:03:43

00061130578TRLO0

LSE

43

316.50

16:03:53

00061130584TRLO0

LSE

27

316.50

16:03:53

00061130585TRLO0

LSE

18

316.50

16:04:03

00061130595TRLO0

LSE

607

316.50

16:04:03

00061130596TRLO0

LSE

1788

316.00

16:04:15

00061130602TRLO0

LSE

1995

315.50

16:17:55

00061131956TRLO0

LSE

70000

314.72

16:36:13

00061133825TRLO0

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