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

29 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 29 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 :  85,000
Weighted average purchase price paid :  372.5435 pence per share
Highest purchase price paid :  373.5 pence per share
Lowest purchase price paid :  369.5 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 15,746,710 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 230,344,713 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 29 November 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
25 371.00  08:32:27 00062400682TRLO0 LSE
2808 371.00  08:32:27 00062400681TRLO0 LSE
480 370.50  08:32:30 00062400683TRLO0 LSE
600 370.50  08:32:30 00062400684TRLO0 LSE
450 370.50  08:32:30 00062400685TRLO0 LSE
335 370.50  08:32:30 00062400686TRLO0 LSE
882 370.50  08:51:21 00062401358TRLO0 LSE
318 370.50  08:51:21 00062401359TRLO0 LSE
622 370.50  08:51:21 00062401360TRLO0 LSE
123 369.50  08:54:40 00062401568TRLO0 LSE
1200 369.50  08:54:40 00062401569TRLO0 LSE
529 369.50  08:54:40 00062401570TRLO0 LSE
810 370.00  09:42:50 00062403408TRLO0 LSE
582 370.00  09:42:50 00062403409TRLO0 LSE
574 370.00  09:42:50 00062403410TRLO0 LSE
1904 371.00  09:51:47 00062403786TRLO0 LSE
1742 373.50  10:51:24 00062405972TRLO0 LSE
2016 373.50  10:51:35 00062405980TRLO0 LSE
167 373.50  10:52:35 00062406020TRLO0 LSE
741 373.50  10:52:35 00062406021TRLO0 LSE
503 373.00  10:57:07 00062406217TRLO0 LSE
150 373.00  10:57:07 00062406218TRLO0 LSE
300 373.00  10:57:07 00062406219TRLO0 LSE
1418 373.00  10:57:07 00062406221TRLO0 LSE
53 373.00  10:57:07 00062406222TRLO0 LSE
433 373.00  10:57:07 00062406223TRLO0 LSE
18 373.50  11:49:30 00062408390TRLO0 LSE
817 373.50  11:49:30 00062408391TRLO0 LSE
542 373.50  11:49:30 00062408392TRLO0 LSE
417 373.50  11:49:30 00062408393TRLO0 LSE
242 373.50  11:49:30 00062408394TRLO0 LSE
429 373.50  11:49:30 00062408395TRLO0 LSE
1963 373.50  11:49:30 00062408396TRLO0 LSE
254 373.00  11:49:39 00062408404TRLO0 LSE
450 373.00  11:49:39 00062408405TRLO0 LSE
600 373.00  11:49:39 00062408406TRLO0 LSE
483 373.00  11:49:39 00062408407TRLO0 LSE
1785 372.50  12:41:36 00062410571TRLO0 LSE
115 372.50  12:41:36 00062410572TRLO0 LSE
415 372.50  12:41:36 00062410573TRLO0 LSE
1979 372.50  13:10:45 00062411918TRLO0 LSE
692 372.50  13:11:52 00062412030TRLO0 LSE
657 372.50  13:11:52 00062412031TRLO0 LSE
20000 373.00  13:32:45 00062413151TRLO0 LSE
1161 372.50  14:29:50 00062416213TRLO0 LSE
885 372.50  14:29:50 00062416214TRLO0 LSE
181 372.50  14:29:50 00062416215TRLO0 LSE
700 372.50  14:29:50 00062416216TRLO0 LSE
86 372.50  14:29:51 00062416218TRLO0 LSE
843 372.50  14:32:55 00062416556TRLO0 LSE
490 372.50  14:44:28 00062417454TRLO0 LSE
371 372.50  14:44:28 00062417455TRLO0 LSE
1500 372.50  14:44:28 00062417456TRLO0 LSE
692 372.50  14:44:28 00062417457TRLO0 LSE
1351 372.50  14:44:28 00062417458TRLO0 LSE
1117 372.50  14:44:28 00062417459TRLO0 LSE
1010 372.50  14:44:28 00062417460TRLO0 LSE
2102 373.00  15:30:32 00062420590TRLO0 LSE
1967 373.00  15:30:32 00062420591TRLO0 LSE
558 373.00  15:32:20 00062420782TRLO0 LSE
1389 373.00  15:32:20 00062420783TRLO0 LSE
98 373.00  15:43:22 00062421602TRLO0 LSE
1826 373.00  15:43:22 00062421603TRLO0 LSE
264 373.00  15:43:22 00062421604TRLO0 LSE
1624 373.00  15:43:22 00062421605TRLO0 LSE
695 373.00  15:43:22 00062421606TRLO0 LSE
565 373.00  15:43:22 00062421607TRLO0 LSE
877 373.00  15:43:22 00062421608TRLO0 LSE
785 373.00  15:43:35 00062421612TRLO0 LSE
822 373.00  15:44:25 00062421659TRLO0 LSE
495 373.00  15:44:25 00062421660TRLO0 LSE
398 373.00  15:44:25 00062421661TRLO0 LSE
2056 372.50  16:10:15 00062423460TRLO0 LSE
2075 372.50  16:10:15 00062423461TRLO0 LSE
683 372.50  16:10:15 00062423462TRLO0 LSE
683 372.50  16:10:15 00062423463TRLO0 LSE
1176 372.50  16:10:15 00062423464TRLO0 LSE
268 372.50  16:10:15 00062423465TRLO0 LSE
680 372.50  16:10:15 00062423466TRLO0 LSE
904 372.50  16:13:16 00062423801TRLO0 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 29 PR Newswire

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