26 April 2024

REDDE NORTHGATE PLC

        ("Redde Northgate" or the "Group" or the "Company")

Notice of General Meeting for company name change to ZIGUP plc

Redde Northgate is calling a general meeting (the "General Meeting") for Wednesday 15 May 2024 in order to approve a proposed company name change to ZIGUP plc. 

Background to proposed name change

Redde Northgate's corporate strategy has been focused on delivering differentiated mobility solutions across the vehicle lifecycle, through an integrated platform. Since 2020 we have achieved material cost savings and operational efficiencies, new large contract wins and embracing new opportunities including through six acquisitions that have delivered meaningful value and enhanced capabilities.

We operate in-markets which are undergoing significant structural change, including customers shifting to greater outsourcing, major technology advancements in both vehicles and customer engagement, and a growing focus on sustainability and low carbon energy transition. We help our customers 'move smarter' and increasingly present more of our products and services as packaged services, moving the thinking away from simple verticals such as van hire and accident management.

Our new brand and company name, ZIGUP are allied to a refreshed strategic framework under the new pillars of Enable, Deliver and Grow, and a recent UK&I-focused management reorganisation, as we embrace the changing environment in which we and our customers operate. Together these reflect the strength and breadth of our current proposition as an enlarged group of businesses, our continued focus on growth, and commitment to being a leading provider of responsible and integrated mobility solutions and automotive services. There will be no change to our well-recognised operational brands, which have meaningful market profiles in their specialist areas.

The Board believes that a more modern brand and name reflecting these changes will also help shift the narrative with all our stakeholders towards the strategic direction of travel we set out.  This is aligned to our updated purpose, 'to keep customers moving, smarter'. 

If approved, the roll-out of the new brand will commence on 20 May 2024 with legal registration of the name change by the UK Companies Registry expected to occur no later than 25 May 2024. Further information on the new strategic pillars, company name and brand are available on our website: www.reddenorthgate.com.

General Meeting

Redde Northgate's general meeting (the "General Meeting") will take place at 09.00 a.m. on Wednesday 15 May 2024 at the offices of Bryan Cave Leighton Paisner LLP, Governor's House, 5 Laurence Pountney Hill, London, EC4R 0BR.

The Company's  Notice of  General Meeting, including details of how shareholders can appoint a proxy, is being sent to shareholders today and, in accordance with paragraph 9.6.1 of the FCA Listing Rules, has been submitted to the National Storage Mechanism where it will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

A copy of the Company's Notice of General Meeting can be accessed from the investor relations section of the Company´s website at: https://www.reddenorthgate.com/investors/shareholder-information/agm-information (Notice of  General Meeting).

This announcement is made in accordance with DTR 6.3.5R(1A).

For further information contact:

Ross Hawley, Head of Investor Relations                                               Telephone: 0204 566 7090

Redde Northgate plc

LEI: 213800B3ZUTDOZYVJB41