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Redrow plc Persons Discharging Managerial Responsibilities (PDMRs) Timothy Stone, Christopher Lilley, and Matthew Grayson exercised nil cost options under the Company's Long Term Incentive Plan on September 22, 2023. On this date, Timothy Stone and Christopher Lilley each exercised 47,187 options, subsequently selling 22,234 shares at £5.03 and £5.04 respectively to cover tax and National Insurance. Matthew Grayson exercised 27,757 options and sold 13,079 shares at £5.00 for the same purpose.
| Date | 25 Sept 2023 |
| Time | 10:24:26 |
| Category | Director/PDMR dealings |
| ID | 5279N |
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 |
Timothy Stone |
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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 Long Term Incentive Plan |
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(d) |
Price(s) and volume(s)
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|
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(e) |
Aggregated information |
|
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|
· |
· Aggregated volume |
47,187 |
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|
· |
· Price |
£5.03 |
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(f) |
Date of the transaction |
2023.09.22 |
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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 |
||||
|
(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)
|
|
||||
|
(e) |
Aggregated information |
|
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|
· |
· Aggregated volume |
22,234 |
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|
· |
· Price |
£5.03 |
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|
(f) |
Date of the transaction |
2023.09.22 |
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|
(g) |
Place of the transaction |
London Stock Exchange (XLON); Main Market |
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|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
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|
|
Name |
Christopher Lilley |
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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 |
|||||
|
(a) |
Name |
Redrow plc |
||||
|
(b) |
LEI |
2138008WJZBBA7EYEL28 |
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|
4 |
Details of the transaction(s) |
|||||
|
(a) |
Description of the financial instrument, type of instrument |
Ordinary shares of 10.5p each |
||||
|
(b) |
Identification code |
GB00BG11K365 |
||||
|
(c) |
Nature of the transaction |
Exercise of nil cost options under the Company's Long Term Incentive Plan |
||||
|
(d) |
Price(s) and volume(s)
|
|
||||
|
(e) |
Aggregated information |
|
||||
|
· |
· Aggregated volume |
47,187 |
||||
|
· |
· Price |
£5.04 |
||||
|
(f) |
Date of the transaction |
2023.09.22 |
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|
(g) |
Place of the transaction |
Outside a trading venue |
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|
5 |
Details of the transaction(s) |
|||||
|
(a) |
Description of the financial instrument, type of instrument |
Ordinary shares of 10.5p each |
||||
|
(b) |
Identification code |
GB00BG11K365 |
||||
|
(c) |
Nature of the transaction |
Sale of shares to cover Tax and National Insurance arising on exercise of options |
||||
|
(d) |
Price(s) and volume(s)
|
|
||||
|
(e) |
Aggregated information |
|
||||
|
· |
· Aggregated volume |
22,234 |
||||
|
· |
· Price |
£5.04 |
||||
|
(f) |
Date of the transaction |
2023.09.22 |
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|
(g) |
Place of the transaction |
London Stock Exchange (XLON); Main Market |
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|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
|
Name |
Matthew Grayson |
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|
2 |
Reason for the notification |
|||||
|
(a) |
Position/status |
PDMR |
||||
|
(b) |
Initial notification/Amendment |
Initial notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
(a) |
Name |
Redrow plc |
||||
|
(b) |
LEI |
2138008WJZBBA7EYEL28 |
||||
|
4 |
Details of the transaction(s) |
|||||
|
(a) |
Description of the financial instrument, type of instrument |
Ordinary shares of 10.5p each |
||||
|
(b) |
Identification code |
GB00BG11K365 |
||||
|
(c) |
Nature of the transaction |
Exercise of nil cost options under the Company's Long Term Incentive Plan |
||||
|
(d) |
Price(s) and volume(s)
|
|
||||
|
(e) |
Aggregated information |
|
||||
|
· |
· Aggregated volume |
27,757 |
||||
|
· |
· Price |
£5.00 |
||||
|
(f) |
Date of the transaction |
2023.09.22 |
||||
|
(g) |
Place of the transaction |
Outside a trading venue |
||||
|
5 |
Details of the transaction(s) |
|||||
|
(a) |
Description of the financial instrument, type of instrument |
Ordinary shares of 10.5p each |
||||
|
(b) |
Identification code |
GB00BG11K365 |
||||
|
(c) |
Nature of the transaction |
Sale of shares to cover Tax and National Insurance arising on exercise of options |
||||
|
(d) |
Price(s) and volume(s)
|
|
||||
|
(e) |
Aggregated information |
|
||||
|
· |
· Aggregated volume |
13,079 |
||||
|
· |
· Price |
£5.00 |
||||
|
(f) |
Date of the transaction |
2023.09.22 |
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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: 2023.09.25 |
LEI Number
2138008WJZBBA7EYEL28
Announcement Classification
3.1: Additional regulated information required to be disclosed under the laws of a Member State