TIDMREDD

RNS Number : 6835W

Redde Northgate PLC

22 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

22 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 19 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   : 100,000 
 Weighted average purchase    : 377.9246 pence per share 
  price paid 
 Highest purchase price       : 380 pence per share 
  paid 
 Lowest purchase price paid   : 375.5 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 8,130,984 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 237,960,439, 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 19 August 2022)

 
 Number of    Transaction   Time of transaction   Transaction         Venue 
  shares       price                               reference number 
  purchased    (GB pence 
               per share) 
 1696         377.00         08:18:23             00060604698TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 12           378.00         08:45:05             00060605269TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 422          378.00         08:45:05             00060605270TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 1739         378.00         08:45:05             00060605271TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 1578         377.00         09:09:33             00060606243TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 1542         376.50         09:30:29             00060606838TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 173          376.00         09:37:30             00060607040TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 1627         376.00         09:37:30             00060607041TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 392          376.00         09:37:30             00060607044TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 800          376.00         09:37:30             00060607043TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 800          376.00         09:37:30             00060607042TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 51           375.50         09:57:48             00060607640TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 663          378.00         10:04:56             00060607981TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 1668         378.00         10:04:56             00060607980TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 2039         378.00         10:04:56             00060607982TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 1668         378.00         10:04:56             00060607983TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 36           378.00         10:04:56             00060607984TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 3137         378.00         10:04:56             00060607986TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 3405         378.00         10:04:56             00060607985TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 800          377.50         10:06:00             00060608022TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 907          377.50         10:06:00             00060608021TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 1519         377.50         10:07:45             00060608071TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 1669         378.00         10:24:47             00060608840TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 223          380.00         11:25:08             00060610134TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 658          380.00         11:25:08             00060610130TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 777          380.00         11:25:08             00060610132TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 1600         380.00         11:25:08             00060610131TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 1644         380.00         11:25:08             00060610133TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 1841         380.00         11:25:08             00060610135TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 52           379.50         11:37:09             00060610341TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 466          379.50         11:37:09             00060610343TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 754          379.50         11:37:09             00060610342TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 230          379.00         12:05:35             00060610780TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 286          380.00         12:08:36             00060610836TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 286          380.00         12:08:36             00060610835TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 1071         380.00         12:08:36             00060610834TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 305          379.00         12:10:45             00060610874TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 316          379.00         12:13:55             00060610954TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 318          379.00         12:17:15             00060611068TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 305          379.00         12:20:35             00060611184TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 316          379.00         12:23:45             00060611279TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 24           379.00         12:27:05             00060611369TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 282          379.00         12:27:05             00060611370TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 1565         379.00         12:27:05             00060611371TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 305          378.50         12:30:45             00060611499TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 328          378.50         12:33:25             00060611559TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 317          378.50         12:36:55             00060611675TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 904          378.50         12:36:55             00060611676TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 46           378.00         12:43:35             00060611853TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 309          378.00         12:46:55             00060611911TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 305          378.00         12:50:15             00060612030TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 501          378.00         12:52:05             00060612069TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 305          378.00         12:53:25             00060612135TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 1579         379.00         13:35:08             00060613384TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 462          378.50         13:53:04             00060613941TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 317          378.50         13:59:18             00060614116TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 800          378.50         13:59:18             00060614115TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 1786         378.50         13:59:18             00060614117TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 500          378.00         14:00:50             00060614181TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 1561         378.00         14:10:26             00060614422TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 484          377.50         14:18:29             00060614721TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 534          377.50         14:30:17             00060615167TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 29           379.00         14:35:35             00060615550TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 1668         379.00         14:39:23             00060615723TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 390          379.00         14:41:33             00060615899TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 1436         379.00         14:41:33             00060615900TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 1741         378.50         14:43:55             00060616231TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 1877         378.50         14:43:55             00060616232TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 409          377.50         14:51:32             00060616841TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 683          377.50         14:51:32             00060616840TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 696          377.50         14:51:32             00060616842TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 534          377.00         15:03:44             00060617422TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 521          377.00         15:06:50             00060617614TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 457          377.00         15:09:32             00060617772TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 148          378.00         15:22:58             00060618756TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 1360         378.00         15:22:58             00060618757TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 265          377.50         15:24:58             00060618832TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 25000        377.50         15:27:57             00060618966TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 276          377.50         15:35:35             00060619345TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 1409         377.50         15:35:35             00060619346TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 407          377.00         15:44:23             00060619604TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 515          377.00         15:46:47             00060619663TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 497          377.00         15:49:17             00060619727TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 366          377.00         15:50:41             00060619779TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 273          377.00         15:51:44             00060619809TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 412          377.00         15:51:44             00060619810TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 1237         377.00         15:51:44             00060619811TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 555          377.00         15:51:44             00060619813TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 1235         377.00         15:51:44             00060619812TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 1679         377.00         16:01:23             00060620422TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 220          377.00         16:06:59             00060620711TRLO0    LSE 
             ------------  --------------------  ------------------  ------ 
 700          377.00         16:06:59             00060620712TRLO0    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

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