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

24 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 24 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 :  60,000
Weighted average purchase price paid :  369.4317 pence per share
Highest purchase price paid :  370.5 pence per share
Lowest purchase price paid :  368 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 15,526,710 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 230,564,713 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 24 November 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
1580 368.50  08:31:58 00062333836TRLO0 LSE
150 370.50  08:59:50 00062335761TRLO0 LSE
920 370.50  08:59:50 00062335762TRLO0 LSE
780 370.50  08:59:50 00062335763TRLO0 LSE
1780 370.00  09:01:25 00062335843TRLO0 LSE
444 370.50  09:42:38 00062337637TRLO0 LSE
900 370.50  09:42:38 00062337638TRLO0 LSE
300 370.50  09:42:38 00062337639TRLO0 LSE
150 370.50  09:42:38 00062337640TRLO0 LSE
48 370.50  09:42:38 00062337641TRLO0 LSE
219 370.50  09:42:38 00062337642TRLO0 LSE
3 370.50  09:44:18 00062337676TRLO0 LSE
150 370.00  10:36:45 00062339531TRLO0 LSE
274 370.00  10:36:45 00062339532TRLO0 LSE
95 370.00  10:36:45 00062339533TRLO0 LSE
1256 370.00  10:36:45 00062339534TRLO0 LSE
923 369.50  11:39:08 00062341002TRLO0 LSE
186 369.50  11:39:08 00062341003TRLO0 LSE
2 369.50  11:39:08 00062341004TRLO0 LSE
600 369.50  11:39:08 00062341005TRLO0 LSE
275 369.50  11:39:08 00062341006TRLO0 LSE
1985 369.50  11:39:08 00062341007TRLO0 LSE
393 368.00  13:54:08 00062344476TRLO0 LSE
376 368.50  14:27:58 00062345634TRLO0 LSE
479 368.50  14:27:58 00062345635TRLO0 LSE
750 368.50  14:27:58 00062345636TRLO0 LSE
150 368.50  14:27:58 00062345637TRLO0 LSE
150 368.50  14:27:58 00062345638TRLO0 LSE
150 368.50  14:27:58 00062345639TRLO0 LSE
685 368.50  14:27:58 00062345640TRLO0 LSE
150 368.50  14:27:58 00062345641TRLO0 LSE
150 368.50  14:27:58 00062345642TRLO0 LSE
358 368.50  14:27:58 00062345643TRLO0 LSE
3000 368.50  14:27:58 00062345644TRLO0 LSE
58 368.50  14:27:58 00062345645TRLO0 LSE
476 368.50  14:27:58 00062345646TRLO0 LSE
3828 368.50  14:27:58 00062345647TRLO0 LSE
769 369.00  14:27:58 00062345648TRLO0 LSE
3861 369.50  15:00:00 00062347094TRLO0 LSE
1849 369.50  15:00:00 00062347095TRLO0 LSE
1859 369.50  15:00:00 00062347096TRLO0 LSE
2154 369.50  15:00:00 00062347097TRLO0 LSE
2112 369.50  15:00:00 00062347098TRLO0 LSE
435 369.50  15:00:00 00062347099TRLO0 LSE
1744 369.50  15:00:00 00062347100TRLO0 LSE
150 369.50  15:00:00 00062347101TRLO0 LSE
1206 369.50  15:00:00 00062347102TRLO0 LSE
26 369.50  15:08:27 00062347565TRLO0 LSE
28 369.50  15:08:57 00062347586TRLO0 LSE
32 369.50  15:09:30 00062347606TRLO0 LSE
16 369.50  15:09:56 00062347621TRLO0 LSE
32 369.50  15:10:31 00062347645TRLO0 LSE
20 369.50  15:11:04 00062347671TRLO0 LSE
16 369.50  15:11:21 00062347680TRLO0 LSE
20 369.50  15:12:08 00062347747TRLO0 LSE
20 369.50  15:12:29 00062347757TRLO0 LSE
252 369.50  15:12:51 00062347778TRLO0 LSE
191 370.00  15:13:53 00062347844TRLO0 LSE
159 370.00  15:13:53 00062347845TRLO0 LSE
208 370.00  15:13:53 00062347846TRLO0 LSE
503 370.00  15:13:53 00062347847TRLO0 LSE
451 370.00  15:13:53 00062347848TRLO0 LSE
114 370.00  15:13:53 00062347850TRLO0 LSE
208 370.00  15:13:53 00062347853TRLO0 LSE
1678 370.00  15:16:53 00062347972TRLO0 LSE
150 370.00  15:16:53 00062347973TRLO0 LSE
144 370.00  15:16:53 00062347974TRLO0 LSE
1972 369.50  15:23:55 00062348296TRLO0 LSE
1396 369.50  15:23:55 00062348297TRLO0 LSE
575 369.50  15:23:55 00062348298TRLO0 LSE
36 370.00  15:23:55 00062348299TRLO0 LSE
463 370.00  15:23:55 00062348302TRLO0 LSE
460 370.00  15:23:55 00062348304TRLO0 LSE
2750 369.50  15:52:39 00062349920TRLO0 LSE
270 370.00  15:53:39 00062349974TRLO0 LSE
48 370.00  15:53:39 00062349975TRLO0 LSE
232 370.00  15:53:39 00062349976TRLO0 LSE
471 370.00  15:53:39 00062349977TRLO0 LSE
256 370.00  15:53:39 00062349978TRLO0 LSE
6 370.00  15:58:39 00062350230TRLO0 LSE
256 370.00  15:58:39 00062350231TRLO0 LSE
75 370.00  15:58:39 00062350232TRLO0 LSE
74 370.00  15:58:39 00062350233TRLO0 LSE
37 370.00  15:58:39 00062350234TRLO0 LSE
515 370.00  15:58:39 00062350235TRLO0 LSE
2854 369.50  16:10:25 00062350725TRLO0 LSE
45 370.00  16:14:39 00062350961TRLO0 LSE
562 369.50  16:14:39 00062350962TRLO0 LSE
567 369.50  16:14:39 00062350963TRLO0 LSE
562 369.50  16:14:39 00062350966TRLO0 LSE
938 369.50  16:14:39 00062350967TRLO0 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

Copyright r 24 PR Newswire

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