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

11 August 2022

REDDE NORTHGATE PLC

(“Redde Northgate” or the “Group” or the “Company”)

Transaction in Own Shares

Redde Northgate plc (LSE:REDD) announces that on 10 August 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	:  44,855
Weighted average purchase price paid	:  381.7406 pence per share
Highest purchase price paid	:  383.5 pence per share
Lowest purchase price paid	:  378.5 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 7,563,150 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 238,528,273, 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 10 August 2022)

Number of shares purchased	Transaction price (GB pence per share)	Time of transaction	Transaction reference number	Venue
2041	379.00	08:37:55	00060466910TRLO0	LSE
1916	379.00	08:37:55	00060466911TRLO0	LSE
2223	378.50	08:37:55	00060466912TRLO0	LSE
2299	381.00	08:51:11	00060467080TRLO0	LSE
2109	381.00	08:53:57	00060467131TRLO0	LSE
81	381.00	08:54:19	00060467141TRLO0	LSE
2145	381.00	09:42:08	00060468386TRLO0	LSE
1849	381.00	09:42:08	00060468388TRLO0	LSE
252	381.00	09:42:08	00060468387TRLO0	LSE
2345	381.50	09:45:01	00060468447TRLO0	LSE
108	381.00	10:01:45	00060468748TRLO0	LSE
1401	381.50	10:04:10	00060468812TRLO0	LSE
1651	381.50	10:04:10	00060468811TRLO0	LSE
146	381.50	10:04:10	00060468813TRLO0	LSE
327	383.50	10:28:36	00060469365TRLO0	LSE
375	383.50	10:28:36	00060469364TRLO0	LSE
434	383.50	10:28:36	00060469363TRLO0	LSE
2108	383.50	10:42:16	00060469746TRLO0	LSE
126	383.00	10:46:02	00060469854TRLO0	LSE
1892	383.00	10:46:02	00060469855TRLO0	LSE
2393	382.50	10:46:02	00060469856TRLO0	LSE
500	383.00	10:46:02	00060469858TRLO0	LSE
573	383.00	10:46:02	00060469857TRLO0	LSE
252	383.50	11:09:05	00060470385TRLO0	LSE
220	383.50	11:09:05	00060470384TRLO0	LSE
35	382.50	11:13:40	00060470520TRLO0	LSE
2164	382.50	11:13:40	00060470519TRLO0	LSE
1300	382.50	11:48:06	00060471270TRLO0	LSE
615	382.50	11:48:06	00060471271TRLO0	LSE
995	382.50	11:48:06	00060471272TRLO0	LSE
1105	382.50	11:48:06	00060471274TRLO0	LSE
2578	382.50	11:48:06	00060471273TRLO0	LSE
572	382.50	11:51:01	00060471341TRLO0	LSE
667	382.50	11:57:02	00060471477TRLO0	LSE
62	382.50	12:17:39	00060471885TRLO0	LSE
413	382.50	12:17:39	00060471884TRLO0	LSE
669	382.50	12:17:39	00060471883TRLO0	LSE
259	382.50	12:17:39	00060471882TRLO0	LSE
29	382.50	12:17:39	00060471881TRLO0	LSE
470	382.50	12:17:39	00060471880TRLO0	LSE
397	382.50	12:17:39	00060471879TRLO0	LSE
15	382.50	12:17:39	00060471878TRLO0	LSE
518	382.50	12:33:42	00060472271TRLO0	LSE
445	383.50	12:47:53	00060472911TRLO0	LSE
1781	383.50	12:47:53	00060472910TRLO0	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    [phone]

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