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
9 October
2023
REDDE NORTHGATE
PLC
("Redde Northgate" or the "Group" or the
"Company")
Transaction in Own
Shares
Redde Northgate plc (LSE:REDD) announces that on
9 October 2023 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 |
: 150,000 |
Weighted average purchase price
paid |
: 322 pence per share |
Highest purchase price
paid |
: 322 pence per share |
Lowest purchase price
paid |
: 322 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 15,865,071 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 230,226,352 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
(all of 9 October
2022)
Number of shares
purchased |
Transaction price
(GB pence per share) |
Time of
transaction |
Transaction reference
number |
Venue |
150000 |
322.00 |
09:03:06 |
00067282458TRLO0 |
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