REDDE PLC - Director/PDMR Shareholding

• News Release •

Issue Date: 12 March 2019

Redde plc

(“Company”)

Director/PDMR Shareholding

The Company announces that certain directors and their persons closely associated ("PCAs") have recently purchased an aggregate of 139,374 ordinary shares with an aggregate value of £122,262 in the Company in the following amounts:

Name	Position	Ordinary shares purchased	Price paid per share	Number of Ordinary Shares held following the purchase	Date of purchase
Avril Palmer-Baunack	Chairwoman	56,497	88.50p	56,497	12-Mar-19
Martin Ward	Chief Executive Officer	56,497	88.50p	3,980,958	12-Mar-19
Patricia Oakley	PCA with Stephen Oakley, Chief Financial Officer	26,380	84.39p	2,020,000	12-Mar-19

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation:

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a)	Name	Avril Palmer-Baunack
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Redde plc
b)	LEI	21380063LFNLZM7AYT28
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 0.1 pence each ISIN: GB00BLWF0R63 GB00BLWFOR63
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 88.5p 56,497
d)	Aggregated information	N/A
	-Aggregated volume
e)	Date of the transaction	12 March 2019
f)	Place of the transaction	AIMX

   

1	Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a)	Name	Martin Ward
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Redde plc
b)	LEI	21380063LFNLZM7AYT28
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 0.1 pence each ISIN: GB00BLWF0R63 GB00BLWFOR63
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 88.5p 56,497
d)	Aggregated information	N/A
	-Aggregated volume
e)	Date of the transaction	12 March 2019
f)	Place of the transaction	AIMX

   

1	Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a)	Name	Patricia Oakley
2	Reason for the notification
a)	Position/status	PCA with Stephen Oakley, Chief Financial Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Redde plc
b)	LEI	21380063LFNLZM7AYT28
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 0.1 pence each ISIN: GB00BLWF0R63 GB00BLWFOR63
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 84.39p 26,380
d)	Aggregated information	N/A
	-Aggregated volume
e)	Date of the transaction	12 March 2019
f)	Place of the transaction	AIMX

   

Enquiries
	Redde plc		Tel: [phone]
	Martin Ward – Chief Executive Officer
	Stephen Oakley – Chief Financial Officer
	Cenkos Securities plc (Nominated Adviser and Joint Broker)		Tel: [phone]
	Mark Connelly Giles Balleny Harry Hargreaves
	N+1 Singer Capital Markets Limited (Joint Broker)		Tel: [phone]
	Mark Taylor
	Square1 Consulting		Tel: [phone]
	David Bick

Notes for Editors:

About Redde plc:

Founded in 1992 and working predominantly with insurance companies, insurance brokers and prestige motor dealerships, the Group provides a range of accident management and legal services. The Group also deals directly with large national fleets providing incident management and mobility continuity and the Group's activities also encompass a range of legal services designed to assist claimant parties in partnership with leading insurance companies, brokers and other bodies.

The Group is one of the market leaders in its fields of business; it delivers accident management solutions to motorists ensuring that they remain mobile until their own vehicles are repaired or until they are put in a position to obtain a replacement and it provides legal services ensuring that they are properly compensated for their injuries and losses. Legal services also include wills and probate, family law and employment law advice.

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