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

3 October 2022

REDDE NORTHGATE PLC

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

Transaction in Own Shares

Redde Northgate plc (LSE:REDD) announces that on 30 September 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 :  250,000
Weighted average purchase price paid :  288.9737 pence per share
Highest purchase price paid :  291 pence per share
Lowest purchase price paid :  284 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 11,537,032 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 234,554,391 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 30 September 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
1844 287.00  08:15:02 00061318949TRLO0 LSE
17 288.00  08:17:07 00061319029TRLO0 LSE
868 288.00  08:18:03 00061319085TRLO0 LSE
1885 288.00  08:18:03 00061319087TRLO0 LSE
1103 288.00  08:18:03 00061319086TRLO0 LSE
129 287.00  08:19:27 00061319129TRLO0 LSE
1695 289.00  08:25:02 00061319445TRLO0 LSE
2031 289.00  08:25:02 00061319444TRLO0 LSE
622 289.00  08:25:02 00061319447TRLO0 LSE
615 289.00  08:25:02 00061319446TRLO0 LSE
1936 290.00  08:33:52 00061320135TRLO0 LSE
1185 289.50  08:37:09 00061320327TRLO0 LSE
796 289.50  08:37:09 00061320326TRLO0 LSE
379 289.00  08:43:51 00061320780TRLO0 LSE
1408 289.00  08:43:51 00061320779TRLO0 LSE
858 289.00  09:09:22 00061322534TRLO0 LSE
42 289.00  09:09:22 00061322533TRLO0 LSE
2028 290.50  09:14:22 00061323005TRLO0 LSE
1204 290.00  09:16:14 00061323203TRLO0 LSE
740 290.00  09:16:14 00061323202TRLO0 LSE
4 289.50  09:18:22 00061323381TRLO0 LSE
2000 289.50  09:18:22 00061323382TRLO0 LSE
234 289.50  09:18:26 00061323392TRLO0 LSE
1074 290.00  09:50:17 00061325212TRLO0 LSE
1 290.00  09:50:17 00061325211TRLO0 LSE
811 290.50  09:53:14 00061325286TRLO0 LSE
2076 290.50  09:53:15 00061325290TRLO0 LSE
10 290.50  09:53:15 00061325294TRLO0 LSE
2100 290.50  09:53:15 00061325293TRLO0 LSE
677 290.00  09:55:08 00061325375TRLO0 LSE
1032 290.00  09:55:08 00061325374TRLO0 LSE
1687 289.50  10:03:42 00061325804TRLO0 LSE
387 289.50  10:03:43 00061325808TRLO0 LSE
1400 289.50  10:03:43 00061325807TRLO0 LSE
51 289.50  10:57:35 00061328704TRLO0 LSE
1748 289.50  10:59:07 00061328774TRLO0 LSE
1654 289.50  10:59:07 00061328773TRLO0 LSE
1907 289.50  11:02:24 00061328920TRLO0 LSE
1905 289.50  11:02:24 00061328930TRLO0 LSE
1713 289.00  11:16:42 00061329527TRLO0 LSE
238 289.50  11:35:45 00061330284TRLO0 LSE
300 289.50  11:40:51 00061330461TRLO0 LSE
133 289.50  11:41:57 00061330519TRLO0 LSE
577 290.00  11:41:57 00061330520TRLO0 LSE
346 290.00  11:41:57 00061330523TRLO0 LSE
700 290.00  11:41:57 00061330522TRLO0 LSE
1400 290.00  11:41:57 00061330521TRLO0 LSE
1943 290.00  11:41:57 00061330524TRLO0 LSE
900 289.50  11:42:00 00061330528TRLO0 LSE
147 289.50  11:42:03 00061330530TRLO0 LSE
24 289.50  11:42:06 00061330534TRLO0 LSE
71 289.50  11:44:02 00061330582TRLO0 LSE
287 289.50  11:47:19 00061330718TRLO0 LSE
700 289.50  11:47:19 00061330717TRLO0 LSE
700 289.50  11:47:19 00061330716TRLO0 LSE
218 289.50  11:47:19 00061330715TRLO0 LSE
211 289.50  11:47:19 00061330714TRLO0 LSE
2107 289.00  11:48:13 00061330762TRLO0 LSE
363 289.00  11:50:15 00061330901TRLO0 LSE
13 289.00  11:50:15 00061330900TRLO0 LSE
1594 289.00  11:55:58 00061331147TRLO0 LSE
1067 288.00  11:57:58 00061331299TRLO0 LSE
83 288.00  11:57:58 00061331300TRLO0 LSE
188 288.00  11:58:01 00061331302TRLO0 LSE
31 288.00  11:59:04 00061331367TRLO0 LSE
364 288.00  11:59:04 00061331368TRLO0 LSE
697 288.00  12:03:46 00061331562TRLO0 LSE
1190 288.00  12:03:46 00061331561TRLO0 LSE
1711 287.50  12:04:17 00061331631TRLO0 LSE
2334 287.00  12:33:52 00061332817TRLO0 LSE
1512 287.50  12:34:26 00061332842TRLO0 LSE
776 287.50  12:34:26 00061332841TRLO0 LSE
985 287.50  12:34:26 00061332840TRLO0 LSE
853 287.00  12:48:02 00061333371TRLO0 LSE
479 287.00  12:48:02 00061333370TRLO0 LSE
828 287.00  12:48:02 00061333369TRLO0 LSE
700 287.00  12:48:02 00061333368TRLO0 LSE
656 287.00  12:48:02 00061333367TRLO0 LSE
496 287.00  12:48:03 00061333373TRLO0 LSE
1898 286.50  12:48:05 00061333375TRLO0 LSE
473 286.50  12:48:09 00061333388TRLO0 LSE
141 286.50  12:48:09 00061333389TRLO0 LSE
1326 286.50  12:49:02 00061333454TRLO0 LSE
68 285.50  12:52:07 00061333567TRLO0 LSE
1321 285.50  12:52:07 00061333568TRLO0 LSE
490 285.50  12:52:07 00061333569TRLO0 LSE
80 285.50  12:52:36 00061333585TRLO0 LSE
362 285.00  13:13:38 00061334501TRLO0 LSE
700 285.00  13:13:38 00061334500TRLO0 LSE
700 285.00  13:13:38 00061334499TRLO0 LSE
238 285.00  13:13:38 00061334498TRLO0 LSE
2036 285.00  13:13:38 00061334502TRLO0 LSE
68 284.50  13:14:45 00061334534TRLO0 LSE
472 284.50  13:20:57 00061334753TRLO0 LSE
1139 284.50  13:20:57 00061334754TRLO0 LSE
104 284.00  13:22:57 00061334864TRLO0 LSE
227 284.00  13:23:00 00061334865TRLO0 LSE
37 284.00  13:23:03 00061334866TRLO0 LSE
856 284.00  13:23:32 00061334889TRLO0 LSE
146 284.00  13:23:32 00061334890TRLO0 LSE
24 284.00  13:23:35 00061334894TRLO0 LSE
2051 285.00  13:31:02 00061335908TRLO0 LSE
1659 286.50  13:50:14 00061337467TRLO0 LSE
127 286.00  13:51:37 00061337571TRLO0 LSE
118 286.50  14:00:07 00061338242TRLO0 LSE
35 287.00  14:00:27 00061338285TRLO0 LSE
30 287.00  14:01:03 00061338341TRLO0 LSE
1692 287.00  14:02:03 00061338415TRLO0 LSE
2002 286.50  14:06:27 00061338713TRLO0 LSE
91 286.50  14:06:27 00061338712TRLO0 LSE
1901 286.50  14:06:27 00061338711TRLO0 LSE
105 287.50  14:31:15 00061340147TRLO0 LSE
142 287.50  14:31:25 00061340167TRLO0 LSE
2083 287.50  14:31:25 00061340168TRLO0 LSE
120 286.50  14:31:30 00061340177TRLO0 LSE
20 286.50  14:31:33 00061340179TRLO0 LSE
1730 287.00  14:39:02 00061340809TRLO0 LSE
1915 287.00  14:39:02 00061340808TRLO0 LSE
541 287.00  14:39:02 00061340807TRLO0 LSE
2713 287.00  14:39:02 00061340806TRLO0 LSE
543 287.00  14:39:02 00061340811TRLO0 LSE
663 287.00  14:39:02 00061340810TRLO0 LSE
1190 287.00  14:39:02 00061340812TRLO0 LSE
54 288.50  14:53:24 00061342030TRLO0 LSE
68 288.50  14:53:25 00061342034TRLO0 LSE
111 289.00  14:54:10 00061342126TRLO0 LSE
20 289.00  14:54:20 00061342132TRLO0 LSE
1805 289.00  14:54:20 00061342133TRLO0 LSE
1973 291.00  15:01:33 00061342637TRLO0 LSE
601 291.00  15:01:36 00061342641TRLO0 LSE
17 291.00  15:01:36 00061342640TRLO0 LSE
20 291.00  15:02:53 00061342702TRLO0 LSE
4032 291.00  15:06:02 00061342931TRLO0 LSE
654 291.00  15:06:02 00061342933TRLO0 LSE
560 291.00  15:06:02 00061342932TRLO0 LSE
1912 291.00  15:06:02 00061342934TRLO0 LSE
1876 290.50  15:15:36 00061343475TRLO0 LSE
89 290.50  15:15:36 00061343474TRLO0 LSE
561 290.50  15:15:36 00061343477TRLO0 LSE
1493 290.50  15:15:36 00061343476TRLO0 LSE
65 289.50  15:18:59 00061343697TRLO0 LSE
810 289.50  15:19:07 00061343709TRLO0 LSE
127124 289.50  15:28:40 00061344351TRLO0 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    +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

UK 100

Latest directors dealings