Transaction in Own Shares
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
2 May 2024
REDDE NORTHGATE
PLC
("Redde
Northgate" or the "Group" or the "Company")
Transaction in Own
Shares
Redde Northgate plc (LSE:REDD)
announces that on 1 May 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
|
: 7,500
|
|
Weighted average purchase price paid
|
386.50 pence
per share
|
|
Highest purchase price paid
|
386.50 pence
per share
|
|
Lowest purchase price paid
|
386.50 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 18,989,362 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 227,102,061 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 1 May
2024)
|
Number of shares
purchased
|
Transaction price
(GB pence per
share)
|
Time of transaction
|
Transaction reference number
|
Venue
|
|
7,500
|
386.50
|
11.26.31
|
00069801485TRLO0
|
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/Verity
Parker +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
