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On April 4, 2022, Rosemary Sandell, a Person Discharging Managerial Responsibilities (PDMR) of Redrow plc, exercised nil cost options under the company's Deferred Bonus Plan, acquiring 12,529 ordinary shares at a price of £5.19 per share. Subsequently, Sandell sold 5,905 ordinary shares at £5.19 each on the London Stock Exchange to cover tax and National Insurance obligations resulting from the option exercise.
| Date | 4 Apr 2022 |
| Time | 09:59:03 |
| Category | Director/PDMR dealings |
| ID | 1250H |
Redrow plc
Notification of Transactions of Persons Discharging Managerial Responsibilities/closely associated person
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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Name |
Rosemary Sandell |
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2 |
Reason for the notification |
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(a) |
Position/status |
PDMR |
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(b) |
Initial notification/Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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(a) |
Name |
Redrow plc |
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(b) |
LEI |
2138008WJZBBA7EYEL28 |
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4 |
Details of the transaction(s) |
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(a) |
Description of the financial instrument, type of instrument |
Ordinary shares of 10.5p each |
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(b) |
Identification code |
GB00BG11K365 |
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(c) |
Nature of the transaction |
Exercise of nil cost options under the Company's Deferred Bonus Plan |
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(d) |
Price(s) and volume(s)
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(e) |
Aggregated information |
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· |
· Aggregated volume |
12,529 |
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· |
· Price |
£5.19 |
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(f) |
Date of the transaction |
2022.04.04 |
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(g) |
Place of the transaction |
Outside a trading venue |
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5 |
Details of the transaction(s) |
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(a) |
Description of the financial instrument, type of instrument |
Ordinary shares of 10.5p each |
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(b) |
Identification code |
GB00BG11K365 |
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(c) |
Nature of the transaction |
Sale of shares to cover Tax and National Insurance arising on exercise of options |
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(d) |
Price(s) and volume(s)
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(e) |
Aggregated information |
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· |
· Aggregated volume |
5,905 |
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· |
· Price |
£5.19 |
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(f) |
Date of the transaction |
2022.04.04 |
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(g) |
Place of the transaction |
London Stock Exchange (XLON); Main Market |
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Name of officer of issuer responsible for making notification: Graham Cope Date of notification: 2022.04.04 |
LEI Number
2138008WJZBBA7EYEL28
Announcement Classification
3.1: Additional regulated information required to be disclosed under the laws of a Member State