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

27 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 27 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 :  105,000
Weighted average purchase price paid :  333.3034 pence per share
Highest purchase price paid :  335 pence per share
Lowest purchase price paid :  330.5 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 13,536,303 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 232,555,120 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 27 October 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
1313 330.50  08:19:05 00061798276TRLO0 LSE
850 330.50  08:19:05 00061798275TRLO0 LSE
321 331.50  08:46:30 00061799620TRLO0 LSE
1175 334.00  08:57:32 00061800598TRLO0 LSE
1200 334.00  08:57:32 00061800597TRLO0 LSE
746 334.00  08:57:32 00061800602TRLO0 LSE
215 334.00  08:57:32 00061800601TRLO0 LSE
600 334.00  08:57:32 00061800600TRLO0 LSE
454 334.00  08:57:32 00061800599TRLO0 LSE
6 333.50  08:57:37 00061800606TRLO0 LSE
6 333.50  08:59:53 00061800759TRLO0 LSE
600 333.50  09:05:59 00061801121TRLO0 LSE
718 333.50  09:05:59 00061801122TRLO0 LSE
24 333.50  09:06:31 00061801154TRLO0 LSE
32 333.50  09:07:13 00061801194TRLO0 LSE
371 333.50  09:07:59 00061801247TRLO0 LSE
24 333.50  09:07:59 00061801246TRLO0 LSE
259 333.50  09:07:59 00061801248TRLO0 LSE
2216 333.50  09:42:48 00061803378TRLO0 LSE
2384 333.00  09:56:37 00061803929TRLO0 LSE
181 333.00  09:56:37 00061803932TRLO0 LSE
437 333.00  09:56:37 00061803931TRLO0 LSE
538 333.00  09:56:37 00061803930TRLO0 LSE
2021 333.00  11:04:57 00061807463TRLO0 LSE
35000 333.00  11:08:09 00061807564TRLO0 LSE
2025 333.00  11:34:00 00061808744TRLO0 LSE
10 331.00  11:45:15 00061809158TRLO0 LSE
8 331.00  11:45:35 00061809171TRLO0 LSE
2382 331.00  11:59:25 00061809654TRLO0 LSE
2411 331.50  13:15:18 00061811889TRLO0 LSE
212 331.50  13:17:15 00061812080TRLO0 LSE
569 331.50  13:17:15 00061812083TRLO0 LSE
715 331.50  13:17:15 00061812082TRLO0 LSE
600 331.50  13:17:15 00061812081TRLO0 LSE
639 331.50  13:19:14 00061812168TRLO0 LSE
751 331.50  13:19:15 00061812171TRLO0 LSE
122 331.50  13:19:15 00061812170TRLO0 LSE
630 331.50  13:19:24 00061812184TRLO0 LSE
2239 333.00  13:38:43 00061813039TRLO0 LSE
1826 333.00  13:50:58 00061813687TRLO0 LSE
179 333.00  13:50:58 00061813686TRLO0 LSE
1357 332.50  13:51:23 00061813725TRLO0 LSE
198 332.50  13:51:23 00061813724TRLO0 LSE
6 332.50  13:51:23 00061813723TRLO0 LSE
826 332.50  13:51:23 00061813722TRLO0 LSE
3 334.50  14:33:31 00061816302TRLO0 LSE
3045 335.00  14:35:24 00061816430TRLO0 LSE
4 335.00  14:35:24 00061816432TRLO0 LSE
276 335.00  14:35:24 00061816431TRLO0 LSE
2181 335.00  14:35:24 00061816433TRLO0 LSE
5 335.00  14:36:41 00061816509TRLO0 LSE
2785 334.50  14:39:45 00061816668TRLO0 LSE
509 334.50  14:39:45 00061816667TRLO0 LSE
495 334.50  14:39:45 00061816670TRLO0 LSE
571 334.50  14:39:45 00061816669TRLO0 LSE
33 334.00  14:41:01 00061816757TRLO0 LSE
1422 334.00  14:41:01 00061816759TRLO0 LSE
642 334.00  14:41:01 00061816758TRLO0 LSE
172 333.50  14:45:36 00061817103TRLO0 LSE
715 333.50  14:45:36 00061817102TRLO0 LSE
453 333.50  14:45:36 00061817104TRLO0 LSE
145 333.50  14:46:28 00061817191TRLO0 LSE
915 333.50  14:46:28 00061817190TRLO0 LSE
2323 333.00  15:16:47 00061819383TRLO0 LSE
2054 333.00  15:16:47 00061819382TRLO0 LSE
118 335.00  15:32:41 00061820357TRLO0 LSE
689 335.00  15:32:41 00061820356TRLO0 LSE
226 335.00  15:32:41 00061820358TRLO0 LSE
326 335.00  15:32:41 00061820359TRLO0 LSE
1217 335.00  15:33:31 00061820388TRLO0 LSE
174 335.00  15:36:31 00061820599TRLO0 LSE
1784 335.00  15:36:31 00061820598TRLO0 LSE
2008 335.00  15:40:31 00061820809TRLO0 LSE
1159 334.50  15:42:05 00061820879TRLO0 LSE
799 334.50  15:42:05 00061820880TRLO0 LSE
584 334.00  15:42:28 00061820912TRLO0 LSE
1 334.00  15:42:28 00061820913TRLO0 LSE
469 334.00  15:42:31 00061820914TRLO0 LSE
582 334.00  15:42:35 00061820917TRLO0 LSE
20 334.00  15:42:55 00061820934TRLO0 LSE
12 334.00  15:43:08 00061820992TRLO0 LSE
13 334.00  15:43:08 00061820993TRLO0 LSE
1 334.00  15:51:08 00061821417TRLO0 LSE
496 334.00  15:57:36 00061821779TRLO0 LSE
191 334.00  15:58:58 00061821881TRLO0 LSE
1200 334.00  15:58:58 00061821880TRLO0 LSE
883 334.00  15:58:58 00061821879TRLO0 LSE
842 334.50  16:12:41 00061822854TRLO0 LSE
8 334.50  16:12:41 00061822853TRLO0 LSE
591 334.50  16:12:41 00061822852TRLO0 LSE
824 334.50  16:12:41 00061822851TRLO0 LSE
1639 334.50  16:12:41 00061822850TRLO0 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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