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Redde Northgate Plc - Transaction in Own Shares

·7-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

16 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 15 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

: 324.3105 pence per share

Highest purchase price paid

: 327 pence per share

Lowest purchase price paid

: 322 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 10,221,618 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 235,869,805 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 15 September 2022)

Number of shares
purchased

Transaction price
(GB pence per share)

Time of transaction

Transaction reference number

Venue

1833

325.00

08:25:29

00061016187TRLO0

LSE

311

327.00

08:30:30

00061016352TRLO0

LSE

529

327.00

08:30:30

00061016353TRLO0

LSE

219

327.00

08:31:10

00061016381TRLO0

LSE

1911

327.00

08:31:10

00061016382TRLO0

LSE

1626

327.00

08:31:10

00061016383TRLO0

LSE

1848

326.50

08:31:10

00061016384TRLO0

LSE

945

326.00

09:04:40

00061017410TRLO0

LSE

710

326.00

09:04:40

00061017411TRLO0

LSE

1789

325.00

09:10:02

00061017596TRLO0

LSE

1600

326.00

10:10:30

00061019046TRLO0

LSE

48

326.00

10:10:30

00061019047TRLO0

LSE

2

325.50

10:19:29

00061019198TRLO0

LSE

1646

325.50

10:19:29

00061019199TRLO0

LSE

2

325.50

10:37:33

00061019578TRLO0

LSE

14

325.50

10:45:35

00061019748TRLO0

LSE

1675

325.50

10:45:35

00061019749TRLO0

LSE

1557

325.50

10:45:35

00061019750TRLO0

LSE

1500

325.00

10:55:53

00061020068TRLO0

LSE

696

325.00

10:55:53

00061020069TRLO0

LSE

1569

325.00

11:21:41

00061020851TRLO0

LSE

131

325.00

11:21:41

00061020852TRLO0

LSE

500

325.00

11:21:41

00061020853TRLO0

LSE

500

325.00

11:21:41

00061020854TRLO0

LSE

415

325.00

11:21:41

00061020855TRLO0

LSE

2400

324.00

11:21:42

00061020856TRLO0

LSE

177

324.00

11:32:36

00061021309TRLO0

LSE

1659

324.00

11:32:36

00061021310TRLO0

LSE

41

323.50

11:52:09

00061021838TRLO0

LSE

583

324.00

11:57:10

00061021963TRLO0

LSE

438

324.00

11:57:30

00061021965TRLO0

LSE

1701

324.00

12:05:09

00061022071TRLO0

LSE

373

324.00

12:05:09

00061022072TRLO0

LSE

500

324.00

12:05:09

00061022073TRLO0

LSE

700

324.00

12:05:09

00061022074TRLO0

LSE

13

325.00

12:29:59

00061022567TRLO0

LSE

12

325.00

12:29:59

00061022568TRLO0

LSE

2661

325.50

12:37:06

00061022841TRLO0

LSE

1730

325.50

12:37:06

00061022842TRLO0

LSE

1534

325.00

13:02:55

00061023260TRLO0

LSE

1562

325.00

13:02:55

00061023261TRLO0

LSE

1688

324.50

13:25:31

00061023723TRLO0

LSE

1636

324.50

13:25:31

00061023724TRLO0

LSE

275

324.50

13:38:42

00061024211TRLO0

LSE

1378

324.50

13:38:44

00061024212TRLO0

LSE

1628

324.50

13:45:44

00061024410TRLO0

LSE

1

324.50

13:49:47

00061024505TRLO0

LSE

1652

324.50

13:50:30

00061024528TRLO0

LSE

1139

324.50

13:50:30

00061024529TRLO0

LSE

433

324.50

13:50:30

00061024530TRLO0

LSE

546

324.50

13:51:40

00061024548TRLO0

LSE

288

324.50

13:51:40

00061024549TRLO0

LSE

621

324.50

13:51:40

00061024550TRLO0

LSE

491

324.50

13:51:40

00061024551TRLO0

LSE

125

324.50

13:51:40

00061024552TRLO0

LSE

583

324.50

14:00:50

00061025136TRLO0

LSE

330

324.50

14:00:50

00061025137TRLO0

LSE

583

324.50

14:02:50

00061025205TRLO0

LSE

2000

324.50

14:02:50

00061025206TRLO0

LSE

1624

324.00

14:08:22

00061025454TRLO0

LSE

2400

324.00

14:17:29

00061025807TRLO0

LSE

505

324.00

14:18:50

00061025873TRLO0

LSE

750

324.00

14:18:50

00061025874TRLO0

LSE

748

324.00

14:18:50

00061025875TRLO0

LSE

159

324.00

14:18:50

00061025876TRLO0

LSE

258

324.00

14:18:50

00061025877TRLO0

LSE

1436

324.00

14:18:50

00061025878TRLO0

LSE

928

323.50

14:19:18

00061025891TRLO0

LSE

1133

323.50

14:19:18

00061025892TRLO0

LSE

283

323.00

14:31:18

00061026569TRLO0

LSE

401

323.00

14:31:18

00061026570TRLO0

LSE

84

323.50

14:35:27

00061026790TRLO0

LSE

1726

323.50

14:35:27

00061026791TRLO0

LSE

1252

323.50

14:35:27

00061026792TRLO0

LSE

573

323.50

14:35:27

00061026793TRLO0

LSE

1741

324.00

14:46:09

00061027532TRLO0

LSE

523

323.50

14:46:20

00061027536TRLO0

LSE

1000

323.50

14:46:20

00061027537TRLO0

LSE

164

323.50

14:46:20

00061027538TRLO0

LSE

1709

323.50

15:12:49

00061029220TRLO0

LSE

1552

323.50

15:12:49

00061029221TRLO0

LSE

1569

323.50

15:12:49

00061029222TRLO0

LSE

1847

323.50

15:12:49

00061029223TRLO0

LSE

1321

323.00

15:12:49

00061029224TRLO0

LSE

85

323.50

15:12:49

00061029225TRLO0

LSE

406

323.50

15:12:49

00061029226TRLO0

LSE

616

324.00

15:17:50

00061029552TRLO0

LSE

125

324.00

15:17:50

00061029553TRLO0

LSE

537

324.00

15:17:54

00061029560TRLO0

LSE

289

324.00

15:21:52

00061029881TRLO0

LSE

227

324.00

15:21:52

00061029882TRLO0

LSE

815

324.00

15:21:52

00061029883TRLO0

LSE

928

324.00

15:23:20

00061029981TRLO0

LSE

1790

323.00

15:28:49

00061030421TRLO0

LSE

382

323.00

15:36:20

00061031086TRLO0

LSE

396

323.00

15:36:20

00061031087TRLO0

LSE

411

323.00

15:36:20

00061031088TRLO0

LSE

173

323.00

15:42:31

00061031461TRLO0

LSE

1000

323.00

15:42:31

00061031462TRLO0

LSE

361

323.00

15:42:31

00061031463TRLO0

LSE

482

323.00

15:50:17

00061032023TRLO0

LSE

1390

323.00

15:50:17

00061032024TRLO0

LSE

1560

322.50

15:51:24

00061032331TRLO0

LSE

438

322.50

16:01:30

00061033081TRLO0

LSE

549

322.50

16:01:30

00061033082TRLO0

LSE

788

322.50

16:01:30

00061033083TRLO0

LSE

9

323.00

16:06:50

00061033503TRLO0

LSE

1329

323.00

16:08:50

00061033613TRLO0

LSE

253

323.00

16:08:50

00061033614TRLO0

LSE

409

323.00

16:11:50

00061034568TRLO0

LSE

980

323.00

16:11:50

00061034569TRLO0

LSE

515

323.00

16:11:50

00061034570TRLO0

LSE

879

322.00

16:16:30

00061035098TRLO0

LSE

1135

322.50

16:21:00

00061035488TRLO0

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