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
20 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 20 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
|
: 50,000
|
|
Weighted
average purchase price paid
|
:
429.00
pence per
share
|
|
Highest
purchase price paid
|
:
430.00 pence
per share
|
|
Lowest
purchase price paid
|
:
428.00 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
19,564,362 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 226,527,061 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
20 May 2024)
|
Number of shares
purchased
|
Transaction price
(GB pence per share)
|
Time of transaction
|
Transaction reference number
|
Venue
|
|
25,000
25,000
|
430.00
428.00
|
08:43:54
14:30:16
|
00069995541TRLO0
00070002483TRLO0
|
XLON
XLON
|
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
