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

14 December 2022

REDDE NORTHGATE PLC

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

Transaction in Own Shares

Redde Northgate plc (LSE:REDD) announces that on 14 December 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	:  29,075
Weighted average purchase price paid	:  419.6128 pence per share
Highest purchase price paid	:  422 pence per share
Lowest purchase price paid	:  416.5 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 16,130,785 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 229,960,638 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 14 December 2022)

Number of shares purchased	Transaction price (GB pence per share)	Time of transaction	Transaction reference number	Venue
75	416.50	11:19:48	00062721622TRLO0	LSE
292	416.50	11:19:48	00062721623TRLO0	LSE
41	416.50	11:19:48	00062721624TRLO0	LSE
103	417.00	11:25:10	00062721812TRLO0	LSE
166	417.00	11:25:10	00062721813TRLO0	LSE
1572	417.00	11:25:10	00062721814TRLO0	LSE
980	417.00	11:31:47	00062722108TRLO0	LSE
751	417.00	11:31:47	00062722109TRLO0	LSE
4	418.50	11:55:02	00062723134TRLO0	LSE
152	419.00	12:01:42	00062723393TRLO0	LSE
442	419.00	12:01:42	00062723394TRLO0	LSE
269	419.00	12:01:42	00062723396TRLO0	LSE
1051	418.50	12:02:17	00062723412TRLO0	LSE
937	418.50	12:02:17	00062723413TRLO0	LSE
1284	417.50	12:47:42	00062724865TRLO0	LSE
705	417.50	12:47:42	00062724866TRLO0	LSE
1774	417.50	13:25:12	00062726711TRLO0	LSE
162	420.00	13:47:28	00062727987TRLO0	LSE
351	420.00	13:47:28	00062727988TRLO0	LSE
404	420.00	13:48:28	00062728039TRLO0	LSE
299	419.50	13:48:38	00062728047TRLO0	LSE
1478	419.50	13:48:38	00062728048TRLO0	LSE
1753	419.50	13:57:08	00062728395TRLO0	LSE
1727	419.00	14:02:24	00062728715TRLO0	LSE
6	420.00	14:24:48	00062729914TRLO0	LSE
44	420.00	14:24:48	00062729915TRLO0	LSE
1000	420.00	14:24:52	00062729924TRLO0	LSE
500	420.00	14:24:52	00062729925TRLO0	LSE
250	420.00	14:24:52	00062729926TRLO0	LSE
1249	420.00	14:29:52	00062730189TRLO0	LSE
436	420.00	14:29:52	00062730190TRLO0	LSE
4226	422.00	16:11:03	00062738560TRLO0	LSE
1966	422.00	16:11:03	00062738561TRLO0	LSE
629	422.00	16:11:03	00062738562TRLO0	LSE
314	422.00	16:11:10	00062738569TRLO0	LSE
570	422.00	16:11:10	00062738570TRLO0	LSE
403	422.00	16:11:10	00062738571TRLO0	LSE
287	422.00	16:11:10	00062738572TRLO0	LSE
105	422.00	16:11:20	00062738587TRLO0	LSE
318	422.00	16:11:20	00062738588TRLO0	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