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

13 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 13 October 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 :  104,915
Weighted average purchase price paid :  305.8788 pence per share
Highest purchase price paid :  310 pence per share
Lowest purchase price paid :  300 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 12,491,477 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 233,599,946 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 13 October 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
622 304.00  08:45:00 00061535213TRLO0 LSE
662 304.00  08:47:37 00061535334TRLO0 LSE
1418 304.00  08:47:37 00061535335TRLO0 LSE
2100 304.00  08:47:37 00061535336TRLO0 LSE
700 304.00  08:47:37 00061535337TRLO0 LSE
700 304.00  08:47:37 00061535338TRLO0 LSE
1400 304.00  08:47:37 00061535339TRLO0 LSE
1837 304.00  08:47:37 00061535340TRLO0 LSE
459 304.00  08:47:37 00061535341TRLO0 LSE
238 304.00  08:47:37 00061535342TRLO0 LSE
1688 304.00  08:47:37 00061535343TRLO0 LSE
104 304.00  09:00:19 00061535737TRLO0 LSE
700 304.00  09:00:19 00061535738TRLO0 LSE
700 304.00  09:00:19 00061535739TRLO0 LSE
447 304.00  09:00:19 00061535740TRLO0 LSE
1964 304.00  09:04:19 00061535840TRLO0 LSE
3075 304.50  09:24:33 00061536445TRLO0 LSE
1400 304.50  09:24:33 00061536446TRLO0 LSE
828 304.50  09:24:33 00061536447TRLO0 LSE
686 307.50  10:15:33 00061539249TRLO0 LSE
550 307.50  10:15:33 00061539250TRLO0 LSE
700 307.50  10:15:33 00061539251TRLO0 LSE
1400 307.50  10:15:33 00061539252TRLO0 LSE
700 307.50  10:15:33 00061539253TRLO0 LSE
162 307.50  10:15:33 00061539254TRLO0 LSE
235 307.50  10:15:33 00061539255TRLO0 LSE
1567 307.50  10:15:33 00061539256TRLO0 LSE
624 307.50  10:15:33 00061539257TRLO0 LSE
217 307.50  10:15:33 00061539258TRLO0 LSE
184 307.50  10:15:33 00061539259TRLO0 LSE
741 307.50  10:25:50 00061539920TRLO0 LSE
700 307.00  10:25:50 00061539921TRLO0 LSE
1088 307.00  10:25:50 00061539922TRLO0 LSE
537 307.00  10:25:50 00061539923TRLO0 LSE
1325 307.00  10:25:50 00061539924TRLO0 LSE
55 307.00  10:27:09 00061539989TRLO0 LSE
20 309.50  11:56:04 00061544741TRLO0 LSE
1400 309.50  12:04:57 00061545102TRLO0 LSE
496 309.50  12:04:57 00061545103TRLO0 LSE
352 309.50  12:04:57 00061545104TRLO0 LSE
428 309.50  12:04:57 00061545105TRLO0 LSE
402 309.50  12:04:57 00061545106TRLO0 LSE
700 309.50  12:04:57 00061545107TRLO0 LSE
129 309.50  12:04:57 00061545108TRLO0 LSE
1864 309.00  12:07:37 00061545236TRLO0 LSE
72 309.00  12:07:37 00061545237TRLO0 LSE
133 309.00  12:07:37 00061545238TRLO0 LSE
551 308.50  12:08:07 00061545252TRLO0 LSE
426 308.50  12:08:55 00061545277TRLO0 LSE
822 308.50  12:08:55 00061545278TRLO0 LSE
247 308.50  12:08:55 00061545279TRLO0 LSE
700 309.00  12:18:20 00061545668TRLO0 LSE
664 309.00  12:18:20 00061545669TRLO0 LSE
116 309.00  12:18:20 00061545670TRLO0 LSE
331 309.00  12:18:20 00061545671TRLO0 LSE
1058 308.50  12:19:25 00061545706TRLO0 LSE
1552 308.50  12:19:25 00061545707TRLO0 LSE
508 308.50  12:19:25 00061545708TRLO0 LSE
1220 308.50  12:19:25 00061545709TRLO0 LSE
1995 307.50  12:19:43 00061545718TRLO0 LSE
175 308.50  12:35:40 00061547069TRLO0 LSE
1674 308.50  12:35:40 00061547073TRLO0 LSE
1211 308.50  12:35:40 00061547074TRLO0 LSE
879 308.50  12:35:40 00061547075TRLO0 LSE
1419 308.50  12:35:40 00061547076TRLO0 LSE
649 308.50  12:35:41 00061547077TRLO0 LSE
1961 308.00  12:37:54 00061547456TRLO0 LSE
494 310.00  12:50:19 00061548811TRLO0 LSE
1400 310.00  12:50:19 00061548812TRLO0 LSE
174 310.00  12:50:19 00061548813TRLO0 LSE
1150 310.00  12:50:19 00061548814TRLO0 LSE
728 310.00  12:50:19 00061548815TRLO0 LSE
1730 309.50  12:50:30 00061548840TRLO0 LSE
1029 309.00  13:27:58 00061551399TRLO0 LSE
1261 309.00  13:27:58 00061551400TRLO0 LSE
2092 301.00  13:32:06 00061552210TRLO0 LSE
516 303.00  13:35:06 00061552572TRLO0 LSE
157 302.50  13:38:42 00061552765TRLO0 LSE
1492 302.50  13:38:42 00061552766TRLO0 LSE
512 302.50  13:38:42 00061552767TRLO0 LSE
597 300.00  13:48:52 00061553605TRLO0 LSE
2556 300.50  13:50:13 00061553731TRLO0 LSE
2077 300.50  13:50:13 00061553730TRLO0 LSE
1560 301.50  14:08:02 00061555144TRLO0 LSE
600 301.50  14:08:02 00061555145TRLO0 LSE
2560 301.50  14:15:03 00061555372TRLO0 LSE
262 303.50  14:30:58 00061556520TRLO0 LSE
1400 303.50  14:30:58 00061556521TRLO0 LSE
629 303.50  14:30:58 00061556522TRLO0 LSE
50 303.00  14:32:36 00061556680TRLO0 LSE
935 303.00  14:32:36 00061556681TRLO0 LSE
547 303.00  14:32:36 00061556682TRLO0 LSE
638 301.50  14:45:05 00061557690TRLO0 LSE
700 301.50  14:45:05 00061557691TRLO0 LSE
700 301.50  14:45:05 00061557692TRLO0 LSE
668 301.50  14:45:18 00061557741TRLO0 LSE
343 301.50  14:45:18 00061557740TRLO0 LSE
700 301.50  14:45:35 00061557760TRLO0 LSE
1075 301.50  14:45:35 00061557761TRLO0 LSE
152 307.00  15:20:40 00061560085TRLO0 LSE
837 307.00  15:20:40 00061560086TRLO0 LSE
1898 307.00  15:20:40 00061560087TRLO0 LSE
369 307.00  15:20:40 00061560088TRLO0 LSE
190 307.00  15:20:40 00061560089TRLO0 LSE
2064 307.00  15:20:40 00061560090TRLO0 LSE
611 307.00  15:20:41 00061560094TRLO0 LSE
534 307.00  15:20:41 00061560095TRLO0 LSE
561 307.00  15:21:21 00061560139TRLO0 LSE
840 307.00  15:21:21 00061560140TRLO0 LSE
2100 307.50  15:25:41 00061560410TRLO0 LSE
538 307.00  15:26:08 00061560454TRLO0 LSE
700 307.00  15:26:08 00061560455TRLO0 LSE
700 307.00  15:26:08 00061560456TRLO0 LSE
444 307.00  15:26:08 00061560457TRLO0 LSE
1540 307.50  15:41:12 00061562188TRLO0 LSE
578 307.50  15:41:12 00061562189TRLO0 LSE
2 307.50  15:48:21 00061562864TRLO0 LSE
1890 308.00  15:50:18 00061563068TRLO0 LSE
368 308.00  15:50:18 00061563069TRLO0 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

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