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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

9 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 8 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

: 317.4749 pence per share

Highest purchase price paid

: 321.5 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 9,694,281 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 236,397,142, 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 8 September 2022)

Number of shares
purchased

Transaction price
(GB pence per share)

Time of transaction

Transaction reference number

Venue

1910

316.50

08:31:28

00060895217TRLO0

LSE

874

317.50

08:58:34

00060896167TRLO0

LSE

1015

317.50

08:58:34

00060896168TRLO0

LSE

383

317.50

09:01:51

00060896321TRLO0

LSE

1340

317.50

09:01:51

00060896322TRLO0

LSE

1539

316.50

09:02:00

00060896324TRLO0

LSE

511

316.50

09:02:00

00060896325TRLO0

LSE

493

316.00

09:11:10

00060896596TRLO0

LSE

479

316.00

09:20:13

00060896933TRLO0

LSE

27

316.00

09:20:50

00060896959TRLO0

LSE

1011

316.00

09:20:50

00060896960TRLO0

LSE

207

316.50

09:35:53

00060897386TRLO0

LSE

869

316.50

09:35:53

00060897387TRLO0

LSE

512

316.50

09:35:53

00060897388TRLO0

LSE

462

315.50

09:50:46

00060897938TRLO0

LSE

455

315.50

10:00:07

00060898247TRLO0

LSE

161

316.50

10:00:55

00060898264TRLO0

LSE

1754

316.00

10:01:10

00060898273TRLO0

LSE

532

316.00

10:01:10

00060898274TRLO0

LSE

573

316.00

10:01:10

00060898275TRLO0

LSE

1175

316.00

10:01:10

00060898276TRLO0

LSE

834

315.50

10:08:59

00060898493TRLO0

LSE

1583

315.50

10:08:59

00060898494TRLO0

LSE

16

315.50

10:09:03

00060898501TRLO0

LSE

547

315.50

10:09:03

00060898502TRLO0

LSE

661

315.50

10:09:03

00060898503TRLO0

LSE

1710

315.50

10:34:59

00060899066TRLO0

LSE

1552

315.50

10:34:59

00060899067TRLO0

LSE

427

314.50

10:35:01

00060899068TRLO0

LSE

1752

316.00

10:45:37

00060899353TRLO0

LSE

1049

316.00

10:45:37

00060899354TRLO0

LSE

540

316.00

10:45:37

00060899355TRLO0

LSE

1895

315.50

10:51:55

00060899439TRLO0

LSE

1649

316.00

11:05:29

00060899899TRLO0

LSE

1847

315.50

11:12:40

00060900208TRLO0

LSE

54

316.00

11:21:29

00060901036TRLO0

LSE

808

316.00

11:21:29

00060901037TRLO0

LSE

547

316.00

11:21:29

00060901038TRLO0

LSE

924

316.00

11:26:43

00060901383TRLO0

LSE

452

315.50

11:26:55

00060901389TRLO0

LSE

1751

315.50

11:31:16

00060901514TRLO0

LSE

1917

315.50

11:59:59

00060902343TRLO0

LSE

1062

315.50

11:59:59

00060902344TRLO0

LSE

771

315.50

11:59:59

00060902345TRLO0

LSE

538

317.00

12:20:39

00060902809TRLO0

LSE

378

317.00

12:20:39

00060902810TRLO0

LSE

70

317.00

12:20:39

00060902811TRLO0

LSE

924

317.00

12:20:39

00060902812TRLO0

LSE

256

317.00

12:20:39

00060902813TRLO0

LSE

1733

317.00

12:36:58

00060903218TRLO0

LSE

1660

317.00

12:36:58

00060903219TRLO0

LSE

387

317.50

12:41:07

00060903342TRLO0

LSE

201

317.50

12:46:17

00060903470TRLO0

LSE

708

317.50

12:46:17

00060903471TRLO0

LSE

478

317.00

12:46:17

00060903472TRLO0

LSE

1136

317.00

12:46:17

00060903473TRLO0

LSE

442

317.00

12:57:56

00060903785TRLO0

LSE

1449

317.00

12:57:56

00060903786TRLO0

LSE

1626

318.50

13:37:20

00060905225TRLO0

LSE

1643

318.50

13:37:20

00060905226TRLO0

LSE

294

319.00

13:39:17

00060905257TRLO0

LSE

408

319.00

13:39:17

00060905258TRLO0

LSE

516

319.00

13:39:17

00060905259TRLO0

LSE

304

319.00

13:39:17

00060905260TRLO0

LSE

511

319.00

13:39:17

00060905261TRLO0

LSE

737

319.00

13:39:17

00060905262TRLO0

LSE

560

318.50

13:47:44

00060905588TRLO0

LSE

285

318.50

13:53:20

00060905867TRLO0

LSE

986

318.50

13:53:20

00060905868TRLO0

LSE

641

318.00

13:53:35

00060905876TRLO0

LSE

1176

318.00

13:55:57

00060906087TRLO0

LSE

1586

317.00

14:04:19

00060906915TRLO0

LSE

1584

317.00

14:14:53

00060907903TRLO0

LSE

1629

316.50

14:30:04

00060909150TRLO0

LSE

525

316.50

14:31:57

00060909733TRLO0

LSE

1874

316.00

14:33:50

00060909917TRLO0

LSE

493

316.50

14:42:27

00060910835TRLO0

LSE

493

316.50

14:42:37

00060910841TRLO0

LSE

394

316.50

14:42:47

00060910855TRLO0

LSE

493

316.50

14:42:57

00060910866TRLO0

LSE

693

316.50

14:50:04

00060911209TRLO0

LSE

263

316.50

14:50:17

00060911219TRLO0

LSE

924

316.50

14:50:17

00060911220TRLO0

LSE

42

316.50

14:50:17

00060911221TRLO0

LSE

493

316.50

14:53:17

00060911372TRLO0

LSE

783

316.50

14:53:17

00060911373TRLO0

LSE

466

316.50

14:53:17

00060911374TRLO0

LSE

108

316.50

14:56:16

00060911566TRLO0

LSE

742

316.50

14:56:16

00060911567TRLO0

LSE

799

317.50

15:15:04

00060912875TRLO0

LSE

1080

317.50

15:15:04

00060912876TRLO0

LSE

1682

317.50

15:15:04

00060912877TRLO0

LSE

26

317.50

15:15:59

00060912955TRLO0

LSE

446

317.50

15:15:59

00060912956TRLO0

LSE

36

317.50

15:16:07

00060912963TRLO0

LSE

34

317.50

15:16:07

00060912964TRLO0

LSE

712

317.50

15:16:07

00060912965TRLO0

LSE

405

320.00

15:27:02

00060913600TRLO0

LSE

793

320.00

15:27:02

00060913601TRLO0

LSE

405

320.00

15:27:04

00060913603TRLO0

LSE

1584

319.50

15:29:52

00060913710TRLO0

LSE

19

319.50

15:29:52

00060913711TRLO0

LSE

1746

319.50

15:29:52

00060913712TRLO0

LSE

623

320.00

15:48:37

00060914719TRLO0

LSE

920

320.00

15:48:37

00060914720TRLO0

LSE

162

320.00

15:48:37

00060914721TRLO0

LSE

458

320.00

15:49:50

00060914808TRLO0

LSE

333

320.50

15:50:20

00060914846TRLO0

LSE

229

320.50

15:50:20

00060914847TRLO0

LSE

121

320.50

15:50:20

00060914848TRLO0

LSE

1548

320.50

15:50:20

00060914849TRLO0

LSE

3

320.50

15:51:27

00060914891TRLO0

LSE

30

320.50

15:51:27

00060914892TRLO0

LSE

43

320.50

15:51:27

00060914893TRLO0

LSE

88

320.50

15:51:27

00060914894TRLO0

LSE

61

320.50

15:51:32

00060914896TRLO0

LSE

361

320.50

15:51:40

00060914898TRLO0

LSE

14

321.00

15:55:17

00060915019TRLO0

LSE

708

321.00

15:55:17

00060915020TRLO0

LSE

460

321.00

15:55:17

00060915021TRLO0

LSE

372

321.00

15:57:05

00060915105TRLO0

LSE

68

321.00

15:57:05

00060915106TRLO0

LSE

1695

321.00

15:59:39

00060915276TRLO0

LSE

1880

321.50

16:10:11

00060915989TRLO0

LSE

1869

321.50

16:10:11

00060915990TRLO0

LSE

209

321.50

16:10:31

00060916005TRLO0

LSE

1007

321.50

16:10:31

00060916006TRLO0

LSE

275

321.50

16:14:48

00060916337TRLO0

LSE

80

321.50

16:14:48

00060916338TRLO0

LSE

924

321.50

16:14:48

00060916339TRLO0

LSE

1430

321.50

16:18:48

00060916505TRLO0

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