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
4 March 2024
REDDE
NORTHGATE PLC
(“Redde
Northgate” or the “Group” or the “Company”)
Transaction
in Own Shares
Redde
Northgate plc (LSE:REDD) announces that on 4
March 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
|
:
250,000
|
|
Weighted
average purchase price paid
|
:
348.3
pence per
share
|
|
Highest
purchase price paid
|
:
350
pence per
share
|
|
Lowest
purchase price paid
|
:
348
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 19,565,071
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 226,526,352
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
4 March 2024)
|
Number of shares
purchased
|
Transaction price
(GB pence per share)
|
Time of transaction
|
Transaction reference number
|
Venue
|
|
25,000
25,000
200,000
|
350.00
349.00
348.00
|
09:00:01
14:30:01
16:24:24
|
00069089445TRLO0
00069097729TRLO0
00069102697TRLO0
|
LSE
LSE
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