Trainline PLC

M&A Activity • May 2, 2023

National Storage Mechanism | Additional information

RNS Number : 9660X

Trainline PLC

02 May 2023

Trainline plc ("Trainline" or the "Company")

Confirmation of commercial terms with RDG

2 May 2023

On 31 March 2022, Trainline announced it had reached agreement with Rail Delivery Group (RDG) on a memorandum of understanding (MOU) to amend its third-party retail licence. The MOU was an output from RDG's review of rail retailing in the UK. Following last year's announcement, Trainline and other third-party retailers entered into a collaborative phase of engagement with RDG on new contractual licence terms.

The Company is pleased to confirm that this phase of engagement with RDG has now concluded with the implementation of the legally binding minimum set of terms, as disclosed in Trainline's previous communications.  As previously communicated, Trainline estimates a resulting c.0.25% net reduction in commission rate, effective 1 April 2025. The terms applicable to Trainline will include:

§ A 0.5% reduction in the base B2C online sales commission rate, from 5% to 4.5%

§ An offsetting removal of central industry costs. Trainline estimates this to be c.0.25%. 

Enquiries:

For investor enquiries, Andrew Gillian        investors@trainline.com

For media enquiries, Chris Atkinson           press@trainline.com

Brunswick Group

Azadeh Varzi / Simone Selzer                       +44 207 404 5959 / trainline@brunswickgroup.com

About Trainline:

Trainline (www.trainline.com) is the leading independent rail and coach travel platform selling rail and coach tickets to millions of travellers worldwide, enabling them to seamlessly search, book and manage their journeys all in one place via its highly rated website and mobile app. Trainline is a one-stop shop for rail and coach travel bringing together millions of routes, fares and journey times from rail and coach carriers across Europe.

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