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

12 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 11 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	:  50,000
Weighted average purchase price paid	:  393.8603 pence per share
Highest purchase price paid	:  396 pence per share
Lowest purchase price paid	:  389.5 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 7,613,150 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 238,478,273, 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 11 August 2022)

Number of shares purchased	Transaction price (GB pence per share)	Time of transaction	Transaction reference number	Venue
1001	391.50	08:21:27	00060485980TRLO0	LSE
2262	391.50	08:27:27	00060486078TRLO0	LSE
205	391.50	08:27:27	00060486077TRLO0	LSE
700	391.50	08:27:27	00060486076TRLO0	LSE
225	391.00	08:31:06	00060486184TRLO0	LSE
1904	391.00	08:31:06	00060486183TRLO0	LSE
1699	395.00	09:00:45	00060487023TRLO0	LSE
277	395.00	09:00:45	00060487022TRLO0	LSE
487	395.00	09:00:48	00060487024TRLO0	LSE
519	395.00	09:00:48	00060487025TRLO0	LSE
585	394.50	09:02:24	00060487040TRLO0	LSE
1818	394.50	09:02:24	00060487039TRLO0	LSE
423	395.50	09:41:16	00060488274TRLO0	LSE
334	395.50	09:41:16	00060488273TRLO0	LSE
1916	396.00	09:51:22	00060488843TRLO0	LSE
142	396.00	09:51:22	00060488842TRLO0	LSE
1900	396.00	09:51:22	00060488841TRLO0	LSE
2255	395.50	09:51:22	00060488844TRLO0	LSE
614	396.00	09:51:22	00060488845TRLO0	LSE
1662	395.00	09:53:45	00060488954TRLO0	LSE
323	395.00	09:53:45	00060488953TRLO0	LSE
186	395.00	10:16:28	00060489913TRLO0	LSE
999	395.00	10:16:28	00060489912TRLO0	LSE
832	395.00	10:16:28	00060489911TRLO0	LSE
2243	395.50	10:47:04	00060490812TRLO0	LSE
401	395.50	11:01:35	00060491165TRLO0	LSE
1732	395.50	11:01:35	00060491164TRLO0	LSE
2028	394.50	12:37:51	00060492771TRLO0	LSE
472	395.00	13:16:48	00060493392TRLO0	LSE
814	395.00	13:16:48	00060493391TRLO0	LSE
1711	394.50	13:25:59	00060493587TRLO0	LSE
331	394.50	13:25:59	00060493586TRLO0	LSE
2326	395.00	14:01:17	00060494305TRLO0	LSE
606	395.00	14:34:18	00060495074TRLO0	LSE
1400	395.00	14:34:18	00060495073TRLO0	LSE
86	395.00	14:34:18	00060495072TRLO0	LSE
1402	394.50	14:35:03	00060495134TRLO0	LSE
530	394.50	14:35:03	00060495133TRLO0	LSE
348	394.00	14:37:07	00060495429TRLO0	LSE
1006	394.00	14:37:09	00060495434TRLO0	LSE
597	394.00	14:37:37	00060495459TRLO0	LSE
121	394.00	14:37:37	00060495458TRLO0	LSE
167	391.50	15:00:07	00060496938TRLO0	LSE
511	391.50	15:00:07	00060496940TRLO0	LSE
1400	391.50	15:00:07	00060496939TRLO0	LSE
635	389.50	15:42:37	00060500580TRLO0	LSE
1393	389.50	15:42:37	00060500579TRLO0	LSE
714	391.50	15:58:13	00060501313TRLO0	LSE
1226	391.50	15:58:13	00060501312TRLO0	LSE
1397	391.00	15:59:55	00060501390TRLO0	LSE
75	391.00	15:59:55	00060501389TRLO0	LSE
667	390.50	16:04:28	00060501588TRLO0	LSE
187	390.50	16:04:28	00060501587TRLO0	LSE
206	390.50	16:04:28	00060501586TRLO0	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