TIDMREDD

RNS Number : 9279V

Redde Northgate PLC

15 August 2022

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

15 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 12 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   : 50,000 
 Weighted average purchase    : 389.7182 pence per share 
  price paid 
 Highest purchase price       : 391 pence per share 
  paid 
 Lowest purchase price paid   : 387.5 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 7,663,150 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 238,428,273, 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 12 August 2022)

 
 Number of    Transaction      Time of        Transaction reference   Venue 
  shares       price            transaction    number 
  purchased    (GB pence per 
               share) 
 1169         390.50            09:11:26      00060507672TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 768          390.50            09:11:26      00060507671TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 299          390.00            09:28:18      00060507997TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 528          390.00            09:28:19      00060507999TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 1110         390.00            09:28:19      00060507998TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 107          389.50            09:30:46      00060508056TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 674          390.00            09:48:59      00060508392TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 1400         390.00            09:48:59      00060508391TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 276          390.00            09:48:59      00060508390TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 700          389.50            10:00:00      00060508609TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 700          389.50            10:00:00      00060508608TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 703          389.50            10:00:00      00060508607TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 1            391.00            10:52:03      00060509770TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 1            391.00            10:52:03      00060509771TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 254          391.00            11:03:39      00060510104TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 1679         391.00            11:03:39      00060510105TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 2154         391.00            11:03:39      00060510106TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 520          390.00            11:37:16      00060510865TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 548          390.00            11:49:01      00060511071TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 516          390.00            12:05:10      00060511379TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 1991         390.00            12:05:10      00060511382TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 490          390.00            12:05:10      00060511381TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 341          390.00            12:05:10      00060511380TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 243          389.50            12:57:25      00060512438TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 529          389.50            13:05:52      00060512650TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 527          389.50            13:15:19      00060512805TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 627          391.00            13:25:44      00060513091TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 1388         391.00            13:25:44      00060513092TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 2287         391.00            13:25:44      00060513093TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 294          390.50            13:47:29      00060513613TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 272          390.50            13:47:29      00060513612TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 700          390.50            13:47:29      00060513611TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 561          390.50            13:47:29      00060513610TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 523          390.50            13:47:29      00060513609TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 2220         390.00            13:51:05      00060513738TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 488          389.50            14:16:13      00060514238TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 506          390.00            14:32:07      00060514721TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 1561         390.00            14:32:07      00060514722TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 214          389.50            14:32:07      00060514725TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 1084         389.50            14:32:07      00060514724TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 394          389.50            14:32:07      00060514723TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 700          389.50            14:32:07      00060514727TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 682          389.50            14:32:07      00060514729TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 700          389.50            14:32:07      00060514728TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 651          389.00            14:51:20      00060515489TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 917          389.00            14:51:33      00060515498TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 700          389.50            15:04:07      00060516147TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 194          389.50            15:04:07      00060516146TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 700          389.50            15:04:07      00060516145TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 345          389.50            15:04:07      00060516144TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 53           389.50            15:04:07      00060516148TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 240          389.00            15:13:53      00060516568TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 467          389.00            15:16:46      00060516697TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 522          389.00            15:20:17      00060516867TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 502          389.00            15:23:53      00060517047TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 37           389.00            15:28:35      00060517274TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 483          389.00            15:28:35      00060517273TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 511          389.00            15:33:49      00060517533TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 488          389.00            15:37:49      00060517835TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 504          389.00            15:40:41      00060518009TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 1920         389.00            15:40:41      00060518011TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 350          389.00            15:40:41      00060518010TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 6            389.00            15:44:44      00060518250TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 531          389.00            15:45:14      00060518282TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 476          389.00            15:47:10      00060518393TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 1011         389.00            15:47:13      00060518398TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 693          388.50            15:49:11      00060518483TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 465          388.50            15:49:11      00060518482TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 700          388.50            15:49:11      00060518481TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 158          388.50            15:49:11      00060518480TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 264          388.50            15:49:11      00060518484TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 453          387.50            16:11:56      00060519584TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 537          387.50            16:13:59      00060519713TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 273          387.50            16:15:49      00060519862TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 250          387.50            16:15:49      00060519861TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 9            387.50            16:15:56      00060519871TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 545          387.50            16:17:44      00060519995TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 367          387.50            16:19:52      00060520239TRLO0        LSE 
             ---------------  -------------  ----------------------  ------ 
 249          387.50            16:20:02      00060520253TRLO0        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                                         +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: https://reddenorthgate.co.uk/

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