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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

31 August 2022

REDDE NORTHGATE PLC

(“Redde Northgate” or the “Group” or the “Company”)

Transaction in Own Shares

Redde Northgate plc (LSE:REDD) announces that on 30 August 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

: 80,000

Weighted average purchase price paid

: 350.4939 pence per share

Highest purchase price paid

: 353.5 pence per share

Lowest purchase price paid

: 345.5 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 8,990,984 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 237,100,439, 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 30 August 2022)

Number of shares
purchased

Transaction price
(GB pence per share)

Time of transaction

Transaction reference number

Venue

234

348.00

08:23:30

00060736990TRLO0

LSE

1585

348.00

08:23:30

00060736991TRLO0

LSE

1790

348.00

08:23:30

00060736992TRLO0

LSE

1768

347.00

08:23:30

00060736993TRLO0

LSE

449

347.00

08:30:00

00060737356TRLO0

LSE

1635

350.50

08:51:37

00060738138TRLO0

LSE

1574

352.50

09:03:50

00060738565TRLO0

LSE

1825

352.00

09:05:37

00060738653TRLO0

LSE

1593

352.00

09:05:37

00060738654TRLO0

LSE

884

351.50

09:05:48

00060738670TRLO0

LSE

1181

351.50

09:05:48

00060738671TRLO0

LSE

130

351.50

09:47:10

00060740451TRLO0

LSE

1736

352.00

09:47:10

00060740452TRLO0

LSE

1880

352.00

09:48:10

00060740479TRLO0

LSE

562

352.00

09:48:10

00060740480TRLO0

LSE

2000

352.00

09:52:40

00060740583TRLO0

LSE

1495

352.00

09:52:40

00060740585TRLO0

LSE

1903

352.00

09:53:19

00060740622TRLO0

LSE

1963

352.00

09:53:19

00060740640TRLO0

LSE

252

352.00

09:53:19

00060740641TRLO0

LSE

136

352.00

09:53:19

00060740642TRLO0

LSE

1846

352.50

10:03:26

00060740925TRLO0

LSE

1591

353.50

10:29:55

00060741761TRLO0

LSE

313

353.50

10:29:55

00060741762TRLO0

LSE

1830

353.50

10:40:11

00060742113TRLO0

LSE

1531

353.00

10:40:27

00060742119TRLO0

LSE

389

352.50

10:40:54

00060742126TRLO0

LSE

1364

352.50

10:51:06

00060742436TRLO0

LSE

381

353.00

11:13:55

00060742992TRLO0

LSE

228

353.00

11:13:55

00060742993TRLO0

LSE

899

353.00

11:20:00

00060743162TRLO0

LSE

606

353.00

11:20:00

00060743163TRLO0

LSE

1104

353.00

11:20:00

00060743164TRLO0

LSE

1537

352.00

11:35:06

00060743681TRLO0

LSE

335

352.00

11:35:06

00060743682TRLO0

LSE

1330

352.00

11:35:06

00060743683TRLO0

LSE

1597

351.50

12:23:03

00060745116TRLO0

LSE

38

351.50

12:23:03

00060745117TRLO0

LSE

639

351.00

12:23:03

00060745118TRLO0

LSE

476

351.00

12:29:36

00060745313TRLO0

LSE

495

351.00

12:38:45

00060745680TRLO0

LSE

478

352.00

12:54:03

00060746303TRLO0

LSE

652

352.00

12:54:03

00060746304TRLO0

LSE

948

352.00

12:54:03

00060746305TRLO0

LSE

307

353.00

13:14:10

00060746968TRLO0

LSE

493

353.00

13:14:10

00060746969TRLO0

LSE

399

353.00

13:14:10

00060746970TRLO0

LSE

267

353.00

13:14:10

00060746971TRLO0

LSE

366

353.00

13:14:10

00060746972TRLO0

LSE

1632

352.50

13:24:08

00060747212TRLO0

LSE

1660

352.50

13:24:08

00060747213TRLO0

LSE

459

352.00

13:28:09

00060747355TRLO0

LSE

1063

352.00

13:28:09

00060747356TRLO0

LSE

1520

350.50

13:45:31

00060747888TRLO0

LSE

276

350.50

13:45:31

00060747889TRLO0

LSE

771

350.50

13:45:31

00060747890TRLO0

LSE

476

350.50

13:45:31

00060747891TRLO0

LSE

508

350.00

14:19:00

00060748880TRLO0

LSE

463

350.00

14:29:30

00060749438TRLO0

LSE

490

350.00

14:31:45

00060749701TRLO0

LSE

1711

351.50

14:37:46

00060750098TRLO0

LSE

83

351.00

14:40:48

00060750191TRLO0

LSE

1942

351.00

14:40:48

00060750192TRLO0

LSE

1727

349.00

14:51:05

00060750806TRLO0

LSE

684

347.50

15:03:53

00060751801TRLO0

LSE

986

347.50

15:03:53

00060751802TRLO0

LSE

144

345.50

15:13:34

00060752727TRLO0

LSE

469

345.50

15:17:13

00060753016TRLO0

LSE

518

345.50

15:20:26

00060753236TRLO0

LSE

396

345.50

15:24:55

00060753496TRLO0

LSE

706

345.50

15:30:20

00060753851TRLO0

LSE

414

346.00

15:33:19

00060754097TRLO0

LSE

1162

346.00

15:33:19

00060754098TRLO0

LSE

209

345.50

15:39:01

00060754604TRLO0

LSE

1359

345.50

15:39:01

00060754605TRLO0

LSE

900

345.50

15:46:02

00060755176TRLO0

LSE

848

345.50

15:46:02

00060755177TRLO0

LSE

1598

347.50

16:01:59

00060756319TRLO0

LSE

1577

347.50

16:04:59

00060756460TRLO0

LSE

1524

347.00

16:06:36

00060756550TRLO0

LSE

899

346.50

16:11:05

00060756850TRLO0

LSE

765

346.50

16:11:05

00060756851TRLO0

LSE

1047

346.50

16:12:05

00060756921TRLO0

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