# Redde Northgate buy back own shares

- Link: https://www.directorstalkinterviews.com/redde-northgate-buy-back-own-shares/4121059405
- Published: 2022-04-01T07:17:55+01:00
- Author: Giles

**Redde Northgate plc** (LON:REDD) has announced that on 31st March 2022 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** | :  80,732 | 
| **Weighted average purchase price paid** | :  430 pence per share | 
| **Highest purchase price paid** | :  430 pence per share | 
| **Lowest purchase price paid** | :  430 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 247,113 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 245,844,310,
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 (all of 31 March 2022)

| **Number of shares
purchased
 | Transaction price
(GB pence per share)
 | Time of transaction | Transaction reference number | Venue | 
| 10863 | 430.00 |  15:03:27 | 00058061929TRLO0 | LSE | 
| 2453 | 430.00 |  15:03:27 | 00058061928TRLO0 | LSE | 
| 6867 | 430.00 |  15:03:27 | 00058061931TRLO0 | LSE | 
| 428 | 430.00 |  15:03:27 | 00058061930TRLO0 | LSE | 
| 3338 | 430.00 |  15:03:27 | 00058061933TRLO0 | LSE | 
| 393 | 430.00 |  15:03:27 | 00058061932TRLO0 | LSE | 
| 300 | 430.00 |  15:03:27 | 00058061937TRLO0 | LSE | 
| 300 | 430.00 |  15:03:27 | 00058061936TRLO0 | LSE | 
| 300 | 430.00 |  15:03:27 | 00058061935TRLO0 | LSE | 
| 4334 | 430.00 |  15:03:27 | 00058061934TRLO0 | LSE | 
| 1156 | 430.00 |  15:03:27 | 00058061938TRLO0 | LSE | 
| 50000 | 430.00 |  15:04:49 | 00058062138TRLO0 | LSE |

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.

Share on: