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 November 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 November 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 :  100,000
Weighted average purchase price paid :  361.7104 pence per share
Highest purchase price paid :  365.5 pence per share
Lowest purchase price paid :  359.5 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 14,766,710 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 231,324,713 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 November 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
205 365.50  08:15:13 00062135350TRLO0 LSE
1987 365.50  08:15:13 00062135351TRLO0 LSE
1106 365.50  08:30:01 00062136118TRLO0 LSE
922 365.50  08:34:05 00062136483TRLO0 LSE
305 365.00  08:52:09 00062137553TRLO0 LSE
500 365.00  08:52:09 00062137552TRLO0 LSE
1492 365.00  08:52:09 00062137551TRLO0 LSE
2034 364.00  09:01:34 00062138309TRLO0 LSE
732 363.00  09:04:44 00062138442TRLO0 LSE
760 363.00  09:04:44 00062138441TRLO0 LSE
761 363.00  09:04:44 00062138440TRLO0 LSE
2134 361.00  09:12:23 00062139047TRLO0 LSE
199 359.50  09:29:32 00062140159TRLO0 LSE
132 359.50  09:30:13 00062140222TRLO0 LSE
1478 359.50  09:30:18 00062140228TRLO0 LSE
500 359.50  09:30:18 00062140227TRLO0 LSE
414 360.50  09:36:04 00062140571TRLO0 LSE
177 360.50  09:36:04 00062140570TRLO0 LSE
803 360.50  09:36:04 00062140568TRLO0 LSE
2107 362.00  09:45:42 00062141160TRLO0 LSE
2446 361.50  09:53:23 00062141614TRLO0 LSE
3368 360.00  09:53:40 00062141639TRLO0 LSE
6358 360.00  09:53:40 00062141640TRLO0 LSE
491 360.00  09:59:07 00062141831TRLO0 LSE
20000 360.00  10:18:55 00062142498TRLO0 LSE
2386 359.50  10:35:53 00062143090TRLO0 LSE
950 361.00  11:27:54 00062144992TRLO0 LSE
1173 361.00  11:27:54 00062144991TRLO0 LSE
1708 361.50  11:46:16 00062145410TRLO0 LSE
526 361.50  11:46:16 00062145409TRLO0 LSE
2129 362.00  13:55:02 00062149724TRLO0 LSE
2165 361.50  14:01:49 00062150070TRLO0 LSE
108 361.50  14:01:49 00062150067TRLO0 LSE
56 361.50  14:01:49 00062150066TRLO0 LSE
1965 361.50  14:01:49 00062150065TRLO0 LSE
1186 361.00  14:06:54 00062150336TRLO0 LSE
1000 361.00  14:06:54 00062150337TRLO0 LSE
500 361.00  14:07:56 00062150416TRLO0 LSE
1500 361.00  14:07:56 00062150415TRLO0 LSE
151 361.00  14:07:56 00062150414TRLO0 LSE
100 361.00  14:07:56 00062150413TRLO0 LSE
81 361.00  14:07:56 00062150417TRLO0 LSE
2171 361.00  14:27:22 00062151326TRLO0 LSE
1975 360.50  14:34:52 00062151902TRLO0 LSE
707 361.50  15:08:56 00062154091TRLO0 LSE
536 361.50  15:08:56 00062154090TRLO0 LSE
130 363.00  15:27:47 00062155692TRLO0 LSE
639 363.00  15:27:47 00062155691TRLO0 LSE
2299 363.00  15:27:47 00062155690TRLO0 LSE
1166 363.00  15:27:47 00062155689TRLO0 LSE
2430 363.00  15:27:47 00062155688TRLO0 LSE
62 363.00  15:27:47 00062155693TRLO0 LSE
794 363.00  15:35:29 00062156122TRLO0 LSE
464 363.00  15:35:29 00062156121TRLO0 LSE
410 363.00  15:35:29 00062156120TRLO0 LSE
2207 363.00  15:49:29 00062156999TRLO0 LSE
1935 363.50  15:53:29 00062157232TRLO0 LSE
14 363.50  15:53:29 00062157231TRLO0 LSE
374 364.50  15:56:59 00062157412TRLO0 LSE
617 364.50  15:56:59 00062157411TRLO0 LSE
107 364.50  15:56:59 00062157410TRLO0 LSE
291 364.00  15:57:53 00062157443TRLO0 LSE
3120 364.00  15:57:53 00062157442TRLO0 LSE
461 364.00  15:57:54 00062157447TRLO0 LSE
2637 364.00  15:57:54 00062157446TRLO0 LSE
1988 363.50  16:11:08 00062158532TRLO0 LSE
1752 363.00  16:13:48 00062158863TRLO0 LSE
223 363.00  16:13:48 00062158862TRLO0 LSE
711 363.50  16:21:50 00062159631TRLO0 LSE
135 363.50  16:21:50 00062159630TRLO0 LSE
550 363.50  16:21:50 00062159629TRLO0 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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