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

2 August 2022

REDDE NORTHGATE PLC

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

Transaction in Own Shares

Redde Northgate plc (LSE:REDD) announces that on 1 August 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	:  366.279 pence per share
Highest purchase price paid	:  368.5 pence per share
Lowest purchase price paid	:  363.5 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 7,031,189 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 239,060,234, 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 1 August 2022)

Number of shares purchased	Transaction price (GB pence per share)	Time of transaction	Transaction reference number	Venue
270	367.50	08:16:54	00060315558TRLO0	LSE
184	367.50	08:16:54	00060315559TRLO0	LSE
1901	367.50	08:42:02	00060316407TRLO0	LSE
1932	367.50	08:42:02	00060316408TRLO0	LSE
992	368.00	08:57:23	00060316990TRLO0	LSE
943	368.00	08:57:23	00060316991TRLO0	LSE
3562	368.00	08:57:23	00060316992TRLO0	LSE
1861	367.50	11:26:17	00060323611TRLO0	LSE
143	368.50	13:08:56	00060326820TRLO0	LSE
171	368.50	13:08:56	00060326821TRLO0	LSE
400	368.50	13:08:56	00060326822TRLO0	LSE
2258	368.50	13:08:56	00060326823TRLO0	LSE
171	368.50	13:08:56	00060326824TRLO0	LSE
143	368.50	13:08:56	00060326825TRLO0	LSE
400	368.50	13:08:56	00060326826TRLO0	LSE
171	368.50	13:08:56	00060326827TRLO0	LSE
143	368.50	13:08:56	00060326828TRLO0	LSE
151	368.50	13:08:56	00060326829TRLO0	LSE
339	368.50	13:19:30	00060327144TRLO0	LSE
1824	368.50	13:19:30	00060327145TRLO0	LSE
1074	368.00	13:19:45	00060327156TRLO0	LSE
600	368.00	13:19:45	00060327157TRLO0	LSE
920	368.00	13:19:45	00060327158TRLO0	LSE
3091	368.00	13:19:45	00060327159TRLO0	LSE
527	368.00	13:19:45	00060327160TRLO0	LSE
171	368.00	13:19:45	00060327161TRLO0	LSE
206	368.00	13:19:45	00060327162TRLO0	LSE
339	368.00	13:19:45	00060327163TRLO0	LSE
2217	366.50	13:59:29	00060328600TRLO0	LSE
2720	366.00	14:02:01	00060328792TRLO0	LSE
1991	365.50	14:30:55	00060330412TRLO0	LSE
2461	365.00	14:30:55	00060330413TRLO0	LSE
17	364.50	14:33:31	00060330703TRLO0	LSE
895	364.50	14:33:31	00060330704TRLO0	LSE
394	364.50	14:35:01	00060330782TRLO0	LSE
207	364.50	14:35:01	00060330783TRLO0	LSE
1504	363.50	14:57:16	00060332285TRLO0	LSE
499	363.50	14:57:16	00060332286TRLO0	LSE
1854	363.50	14:57:16	00060332287TRLO0	LSE
1865	363.50	14:57:16	00060332288TRLO0	LSE
395	363.50	14:57:16	00060332289TRLO0	LSE
221	365.50	15:11:52	00060333254TRLO0	LSE
210	365.50	15:11:52	00060333255TRLO0	LSE
1915	365.50	15:15:18	00060333589TRLO0	LSE
1819	365.50	15:15:18	00060333590TRLO0	LSE
1996	365.00	15:17:30	00060333753TRLO0	LSE
691	365.00	15:17:30	00060333754TRLO0	LSE
600	364.50	15:28:25	00060334386TRLO0	LSE
1056	364.50	15:28:25	00060334387TRLO0	LSE
386	364.50	15:28:25	00060334388TRLO0	LSE
392	364.00	15:35:11	00060335653TRLO0	LSE
1186	364.00	15:35:11	00060335654TRLO0	LSE
367	364.00	15:35:11	00060335655TRLO0	LSE
579	365.50	15:46:06	00060336904TRLO0	LSE
1578	365.50	15:46:06	00060336905TRLO0	LSE
2057	366.00	16:03:04	00060339081TRLO0	LSE
2226	366.00	16:04:04	00060339152TRLO0	LSE
815	365.50	16:12:26	00060340163TRLO0	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    [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