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

3 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 3 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 :  280,000
Weighted average purchase price paid :  338.994 pence per share
Highest purchase price paid :  342 pence per share
Lowest purchase price paid :  336.5 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 14,176,710 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 231,914,713 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 3 November 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
493 338.00  08:09:43 00061921263TRLO0 LSE
680 339.00  08:26:33 00061922852TRLO0 LSE
1000 339.00  08:26:33 00061922853TRLO0 LSE
500 339.00  08:26:33 00061922854TRLO0 LSE
105 339.00  08:26:33 00061922855TRLO0 LSE
3186 338.50  08:34:26 00061923358TRLO0 LSE
28 341.00  09:09:13 00061925171TRLO0 LSE
2289 341.00  09:10:11 00061925219TRLO0 LSE
2317 340.50  09:16:13 00061925654TRLO0 LSE
204 340.00  09:28:23 00061926392TRLO0 LSE
63 340.00  09:28:23 00061926393TRLO0 LSE
34 340.00  09:29:23 00061926438TRLO0 LSE
2016 340.00  09:29:23 00061926439TRLO0 LSE
2019 339.00  09:47:02 00061927165TRLO0 LSE
200000 339.00  09:49:32 00061927214TRLO0 LSE
12 338.50  09:53:30 00061927346TRLO0 LSE
638 338.50  09:53:30 00061927347TRLO0 LSE
590 338.50  09:53:30 00061927348TRLO0 LSE
171 338.50  09:53:30 00061927349TRLO0 LSE
988 338.50  09:53:30 00061927350TRLO0 LSE
1984 338.00  10:27:46 00061928481TRLO0 LSE
2 337.50  10:49:17 00061929383TRLO0 LSE
411 337.50  10:50:05 00061929409TRLO0 LSE
2120 337.50  10:50:05 00061929410TRLO0 LSE
268 340.00  11:13:17 00061930428TRLO0 LSE
250 340.00  11:13:17 00061930429TRLO0 LSE
1758 340.00  11:13:17 00061930430TRLO0 LSE
1500 340.50  11:16:43 00061930508TRLO0 LSE
500 340.50  11:16:43 00061930509TRLO0 LSE
357 340.50  11:16:43 00061930510TRLO0 LSE
446 340.50  11:23:51 00061930739TRLO0 LSE
500 340.50  11:23:51 00061930740TRLO0 LSE
562 340.50  11:23:51 00061930741TRLO0 LSE
500 340.50  11:23:51 00061930742TRLO0 LSE
90 340.50  11:23:51 00061930743TRLO0 LSE
2326 340.00  11:34:04 00061931050TRLO0 LSE
661 339.50  12:00:00 00061932012TRLO0 LSE
58 339.50  12:00:00 00061932013TRLO0 LSE
1000 339.50  12:00:00 00061932014TRLO0 LSE
415 339.50  12:00:00 00061932015TRLO0 LSE
610 340.00  12:11:48 00061933007TRLO0 LSE
1434 340.00  12:11:48 00061933008TRLO0 LSE
124 338.00  12:36:14 00061934271TRLO0 LSE
2264 338.00  12:36:14 00061934273TRLO0 LSE
2127 337.50  13:51:40 00061938842TRLO0 LSE
802 337.50  13:51:40 00061938843TRLO0 LSE
1639 337.50  13:51:40 00061938844TRLO0 LSE
1146 337.00  14:01:03 00061939903TRLO0 LSE
1703 337.00  14:01:03 00061939904TRLO0 LSE
87 336.50  14:01:06 00061939934TRLO0 LSE
95 336.50  14:02:51 00061940254TRLO0 LSE
57 336.50  14:02:51 00061940255TRLO0 LSE
492 336.50  14:05:45 00061940722TRLO0 LSE
1539 336.50  14:05:45 00061940723TRLO0 LSE
905 336.50  14:05:45 00061940724TRLO0 LSE
1139 336.50  14:05:45 00061940725TRLO0 LSE
339 336.50  14:20:02 00061941737TRLO0 LSE
71 336.50  14:20:02 00061941738TRLO0 LSE
2211 337.00  14:46:20 00061943414TRLO0 LSE
2 337.00  14:58:20 00061945051TRLO0 LSE
2039 337.00  14:58:20 00061945052TRLO0 LSE
2 337.00  15:07:20 00061946095TRLO0 LSE
2 337.00  15:07:20 00061946096TRLO0 LSE
2 337.00  15:07:20 00061946097TRLO0 LSE
2071 338.00  15:16:34 00061947354TRLO0 LSE
2264 338.00  15:16:34 00061947355TRLO0 LSE
10 338.00  15:16:34 00061947356TRLO0 LSE
1137 339.00  15:25:30 00061948087TRLO0 LSE
2651 339.00  15:25:30 00061948088TRLO0 LSE
1292 339.00  15:25:30 00061948089TRLO0 LSE
422 339.00  15:25:30 00061948090TRLO0 LSE
489 339.00  15:25:30 00061948091TRLO0 LSE
2301 339.00  15:25:30 00061948092TRLO0 LSE
528 339.00  15:25:30 00061948096TRLO0 LSE
1873 339.50  15:40:26 00061949388TRLO0 LSE
2327 339.50  15:40:26 00061949389TRLO0 LSE
408 339.50  15:40:26 00061949390TRLO0 LSE
895 341.00  16:07:52 00061952334TRLO0 LSE
2966 341.00  16:14:42 00061953103TRLO0 LSE
1034 341.00  16:14:42 00061953104TRLO0 LSE
302 341.00  16:15:07 00061953149TRLO0 LSE
3158 342.00  16:21:10 00061953945TRLO0 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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