TIDMREDD

RNS Number : 2939X

Redde Northgate PLC

26 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

26 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 25 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   : 160,000 
 Weighted average purchase    : 350.9406 pence per share 
  price paid 
 Highest purchase price       : 354.5 pence per share 
  paid 
 Lowest purchase price paid   : 349 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 8,800,984 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 237,290,439, 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 25 August 2022)

 
 Number of shares   Transaction      Time of        Transaction         Venue 
  purchased          price            transaction    reference number 
                     (GB pence per 
                     share) 
 61                 354.00            08:21:00      00060694570TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 271                354.00            08:21:00      00060694569TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 54                 354.00            08:21:00      00060694568TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 69                 353.00            08:21:39      00060694597TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 1584               353.00            08:25:54      00060694742TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 815                353.00            08:25:54      00060694748TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 965                353.00            08:25:54      00060694750TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 1229               353.00            08:35:06      00060694919TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 497                353.00            08:35:06      00060694920TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 1839               353.00            08:35:06      00060694921TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 1405               352.50            08:38:45      00060695013TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 206                352.50            08:38:45      00060695014TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 400                354.00            08:58:49      00060695346TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 1445               354.00            08:58:49      00060695347TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 1754               353.50            09:00:46      00060695399TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 140                353.00            09:03:11      00060695470TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 1600               353.00            09:03:11      00060695471TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 187                353.00            09:03:11      00060695472TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 61                 352.50            09:14:33      00060695637TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 61                 352.50            09:14:33      00060695638TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 1511               352.50            09:15:09      00060695647TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 292                352.00            09:29:51      00060695834TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 1600               352.00            09:29:51      00060695835TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 30                 352.00            09:29:51      00060695836TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 757                352.50            09:50:00      00060696109TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 870                352.50            09:50:00      00060696110TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 1840               352.50            09:50:00      00060696111TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 175                351.50            10:04:49      00060696392TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 1899               351.50            10:04:49      00060696393TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 549                351.00            10:23:17      00060696890TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 1075               351.00            10:23:17      00060696891TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 693                350.50            10:24:45      00060696925TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 1032               350.50            10:24:45      00060696926TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 1343               350.50            10:27:17      00060696996TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 496                350.50            10:27:17      00060696997TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 466                350.00            10:31:33      00060697077TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 1426               350.00            10:31:33      00060697078TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 1000               349.00            10:50:57      00060697546TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 579                349.00            10:50:57      00060697547TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 1617               350.00            11:08:16      00060697985TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 14                 350.00            11:08:16      00060697986TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 245                350.00            11:23:26      00060698346TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 419                350.00            11:23:26      00060698347TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 816                350.50            11:23:26      00060698348TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 390                350.50            11:23:26      00060698349TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 800                350.50            11:23:26      00060698350TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 213                350.50            11:23:26      00060698351TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 50000              350.20            11:28:40      00060698427TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 235                351.00            12:25:18      00060700423TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 1381               351.00            12:32:00      00060700643TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 1322               351.00            12:32:00      00060700644TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 405                351.00            12:32:00      00060700645TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 59                 349.00            13:08:39      00060701344TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 360                349.00            13:20:02      00060701545TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 520                349.00            13:20:25      00060701549TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 1617               350.50            13:43:31      00060702435TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 458                350.50            14:00:01      00060702955TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 18                 350.50            14:00:01      00060702956TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 50000              350.50            14:04:53      00060703134TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 502                350.50            14:11:43      00060703332TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 870                350.50            14:11:43      00060703333TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 1694               350.50            14:33:06      00060704136TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 491                351.00            14:45:11      00060704919TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 137                351.00            14:45:11      00060704920TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 974                351.50            14:48:53      00060705136TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 642                351.50            14:48:53      00060705137TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 433                354.50            15:05:49      00060706159TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 1417               354.50            15:05:49      00060706160TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 1859               354.50            15:09:49      00060706440TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 145                353.50            15:11:07      00060706526TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 1600               353.50            15:11:07      00060706527TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 167                353.50            15:11:07      00060706528TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 228                352.50            15:21:40      00060706854TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 797                353.00            15:29:24      00060707166TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 820                353.00            15:35:21      00060707561TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 286                352.50            15:45:53      00060708001TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 493                352.50            15:48:01      00060708105TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 540                352.50            15:50:29      00060708202TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 255                352.50            15:53:02      00060708329TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 513                352.50            15:59:19      00060708694TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 439                352.50            16:01:10      00060708762TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 536                352.50            16:03:23      00060708826TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 390                352.50            16:08:05      00060709053TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 576                352.50            16:10:32      00060709290TRLO0    LSE 
                   ---------------  -------------  ------------------  ------ 
 31                 352.50            16:10:32      00060709291TRLO0    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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