Redde Northgate Plc Transaction in Own Shares
21 October 2023 - 3:03AM
UK Regulatory
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
20 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 20 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 : 100,000
Weighted average purchase price paid : 313.5 pence per share
Highest purchase price paid : 313.5 pence per share
Lowest purchase price paid : 313.5 pence per share
Following the above transaction, the Company's issued share capital consists of
246,091,423 ordinary shares of 50p each, of which16,290,071 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 229,801,352 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 Purchase - Individual Transaction (as at 20 October 2023)
+---------+-----------+-------------------+----------------------------+-----+
|Number of|Transaction|Time of transaction|Transaction reference number|Venue|
|shares |price | | | |
|purchased|(GB pence | | | |
| |per share) | | | |
+---------+-----------+-------------------+----------------------------+-----+
|100000 |313.50 |09:04:22 |00067444423TRLO0 |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,c3858169
END
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