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
14 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 14 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
|
:
400,000
|
Weighted
average purchase price paid
|
:
340.007
pence
per share
|
Highest
purchase price paid
|
:
341
pence per
share
|
Lowest
purchase price paid
|
:
339
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 19,165,071
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 226,926,352
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
14 February 2024)
Number of shares
purchased
|
Transaction price
(GB pence per share)
|
Time of transaction
|
Transaction reference number
|
Venue
|
118
118
715
1364
390000
1506
1431
391
17
450
269
326
1415
1049
223
270
338
|
339.00
339.00
339.00
339.00
340.00
341.00
341.00
341.00
341.00
341.00
341.00
341.00
340.50
340.00
340.00
340.00
340.00
|
09:14:42
09:14:42
09:14:42
09:32:07
10:12:06
15:52:40
15:52:40
15:52:40
15:52:40
15:52:40
15:52:40
15:52:40
15:52:41
16:04:29
16:04:29
16:04:29
16:17:29
|
00068872992TRLO0
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00068872990TRLO0
00068873339TRLO0
00068874523TRLO0
00068883112TRLO0
00068883113TRLO0
00068883114TRLO0
00068883115TRLO0
00068883116TRLO0
00068883117TRLO0
00068883118TRLO0
00068883119TRLO0
00068883641TRLO0
00068883642TRLO0
00068883643TRLO0
00068884210TRLO0
|
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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