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

20 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 20 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	:  100,000
Weighted average purchase price paid	:  320.3845 pence per share
Highest purchase price paid	:  322 pence per share
Lowest purchase price paid	:  316.5 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 12,991,477 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 233,099,946 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 20 October 2022)

Number of shares purchased	Transaction price (GB pence per share)	Time of transaction	Transaction reference number	Venue
1	316.50	08:12:54	00061665417TRLO0	LSE
773	318.00	09:07:11	00061666861TRLO0	LSE
420	319.00	09:09:18	00061666914TRLO0	LSE
2150	319.00	09:09:18	00061666915TRLO0	LSE
1027	318.50	09:09:56	00061666943TRLO0	LSE
773	318.50	09:09:56	00061666944TRLO0	LSE
368	318.00	09:11:38	00061667002TRLO0	LSE
700	318.00	09:11:38	00061667003TRLO0	LSE
196	318.00	09:11:38	00061667004TRLO0	LSE
700	318.00	09:11:38	00061667005TRLO0	LSE
556	319.50	09:24:14	00061667321TRLO0	LSE
277	319.50	09:24:14	00061667322TRLO0	LSE
1844	319.50	09:24:14	00061667323TRLO0	LSE
784	319.00	09:37:35	00061667842TRLO0	LSE
1127	319.00	09:37:35	00061667843TRLO0	LSE
1759	318.50	09:41:48	00061667960TRLO0	LSE
1003	318.00	09:56:07	00061668401TRLO0	LSE
1132	318.00	09:56:07	00061668402TRLO0	LSE
266	320.50	10:05:29	00061668811TRLO0	LSE
1874	320.50	10:05:29	00061668812TRLO0	LSE
1782	320.50	10:07:35	00061668869TRLO0	LSE
1000	321.00	10:15:22	00061669182TRLO0	LSE
2253	321.00	10:21:41	00061669401TRLO0	LSE
110	320.50	10:21:41	00061669402TRLO0	LSE
2646	320.50	10:21:41	00061669403TRLO0	LSE
1998	320.00	10:22:53	00061669476TRLO0	LSE
3576	321.50	11:09:41	00061670949TRLO0	LSE
1914	321.00	11:17:03	00061671186TRLO0	LSE
986	321.00	11:17:03	00061671187TRLO0	LSE
1065	321.00	11:17:03	00061671188TRLO0	LSE
6	320.50	11:46:03	00061671802TRLO0	LSE
113	321.00	11:50:09	00061671892TRLO0	LSE
540	321.00	11:50:32	00061671948TRLO0	LSE
1466	321.00	11:50:32	00061671949TRLO0	LSE
714	320.50	11:57:13	00061672345TRLO0	LSE
793	320.50	11:58:18	00061672416TRLO0	LSE
612	320.50	11:58:18	00061672417TRLO0	LSE
1897	320.50	11:58:18	00061672418TRLO0	LSE
1953	320.00	11:58:18	00061672419TRLO0	LSE
2041	321.00	12:42:46	00061673723TRLO0	LSE
1656	321.00	12:42:46	00061673724TRLO0	LSE
129	321.00	12:42:46	00061673725TRLO0	LSE
488	321.00	12:48:05	00061673917TRLO0	LSE
25000	321.00	12:55:32	00061674131TRLO0	LSE
1999	321.00	13:07:21	00061674366TRLO0	LSE
2133	320.50	13:15:17	00061674628TRLO0	LSE
692	321.00	13:26:59	00061675504TRLO0	LSE
700	321.00	13:26:59	00061675505TRLO0	LSE
594	321.00	13:26:59	00061675506TRLO0	LSE
1900	321.00	13:55:44	00061676817TRLO0	LSE
1438	319.50	14:07:19	00061677170TRLO0	LSE
522	319.50	14:07:19	00061677171TRLO0	LSE
2170	319.00	14:27:50	00061677922TRLO0	LSE
1953	319.50	14:48:35	00061679515TRLO0	LSE
192	319.50	14:48:35	00061679516TRLO0	LSE
1873	319.50	14:52:47	00061679778TRLO0	LSE
377	319.50	15:05:13	00061680610TRLO0	LSE
861	319.50	15:05:18	00061680617TRLO0	LSE
1798	322.00	15:22:35	00061681646TRLO0	LSE
554	321.00	15:33:35	00061682279TRLO0	LSE
1564	321.00	15:33:35	00061682280TRLO0	LSE
2023	320.50	15:52:22	00061682974TRLO0	LSE
700	320.50	16:02:53	00061683490TRLO0	LSE
1067	320.50	16:02:53	00061683491TRLO0	LSE
2422	320.50	16:18:28	00061684190TRLO0	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    [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