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
09 February 2024
REDDE
NORTHGATE PLC
(“Redde
Northgate” or the “Group” or the “Company”)
Transaction
in Own Shares
Redde
Northgate plc (LSE:REDD) announces that on 09 February 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
|
:
100,000
|
Weighted
average purchase price paid
|
:
338.88309
pence
per share
|
Highest
purchase price paid
|
:
340
pence per
share
|
Lowest
purchase price paid
|
:
337
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
18,665,071
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 227,426,352
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
09 February 2024)
Number of shares
purchased
|
Transaction price
(GB pence per share)
|
Time of transaction
|
Transaction reference number
|
Venue
|
1321
42
623
1402
740
347
653
622
257
619
25000
1100
4657
430
95
31
1408
530
1115
1457
530
1330
870
179
191
136
1157
62
531
499
2260
300
1258
208
1516
1554
1606
5
105
43254
|
339.50
339.50
339.00
339.00
339.00
338.50
338.50
338.50
337.00
337.00
337.20
339.50
339.50
339.50
339.50
339.50
339.50
339.50
339.50
339.50
339.00
339.00
339.00
339.00
339.00
339.00
339.00
339.00
340.00
340.00
340.00
340.00
340.00
340.00
340.00
339.50
339.50
339.00
339.00
339.50
|
08:38:00
08:38:00
08:41:34
08:41:34
08:41:34
08:41:34
08:41:34
08:41:34
11:59:13
11:59:13
13:46:50
14:15:20
14:15:20
14:15:20
14:15:20
14:23:01
14:23:01
14:23:01
14:23:01
14:23:01
14:23:13
14:49:10
14:49:10
14:50:02
14:50:02
14:50:02
14:50:02
14:50:02
15:09:02
15:10:02
15:10:02
15:10:02
15:10:02
15:10:02
15:10:02
15:14:04
15:14:04
15:24:02
15:24:02
15:26:01
|
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00068836354TRLO0
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00068838695TRLO0
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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