REDD Redde Northgate Plc

 
TIDMREDD 
 
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 January 2024 
 
REDDE NORTHGATE PLC 
 
("Redde Northgate" or the "Group" or the "Company") 
 
Transaction in Own Shares 
 
Redde Northgate plc (LSE:REDD) announces that on 22 January 2024 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 price paid  :  345.75 pence per share 
Highest purchase price paid           : 346         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 which18,065,071 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 228,026,352 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 (as at 22 January 2024) 
 
+---------+-----------+-------------------+----------------------------+-----+ 
|Number of|Transaction|Time of transaction|Transaction reference number|Venue| 
|shares   |price      |                   |                            |     | 
|purchased|(GB pence  |                   |                            |     | 
|         |per share) |                   |                            |     | 
+---------+-----------+-------------------+----------------------------+-----+ 
|25000    |345.50     |09:13:18           |00068545678TRLO0            |LSE  | 
|         |           |                   |                            |     | 
|10000    |346.00     |15:55:59           |00068560365TRLO0            |LSE  | 
|         |           |                   |                            |     | 
|15000    |346.00     |15:56:04           |00068560370TRLO0            |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 
 
 
This information was brought to you by Cision http://news.cision.com 
https://news.cision.com/redde-northgate-plc/r/transaction-in-own-shares,c3913575 
 
 
END 
 
 

(END) Dow Jones Newswires

January 22, 2024 12:59 ET (17:59 GMT)

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