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Redrow plc Directors Matthew Pratt and Barbara Richmond exercised options under the Company's Sharesave Plan on February 9, 2024, acquiring 4,768 and 2,384 ordinary shares respectively, both at an option price of £3.775 per share. On February 8, 2024, PDMR Karen Jones exercised nil cost options for 50,150 ordinary shares at a price of £6.945 per share. Concurrently, Karen Jones sold 23,632 ordinary shares at £6.945 per share to cover tax and National Insurance liabilities.
| Date | 9 Feb 2024 |
| Time | 14:05:22 |
| Category | Director/PDMR dealings |
| ID | 6982C |
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 |
Matthew Pratt |
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2 |
Reason for the notification |
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(a) |
Position/status |
Director |
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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 options under the Company's Sharesave Plan, 3-year scheme, at an option price of £3.775 Options exercisable between 1 January 2024 and 30 June 2024 |
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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 |
4,768 |
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· |
· Price |
£3.775 |
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(f) |
Date of the transaction |
2024.02.09 |
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(g) |
Place of the transaction |
Outside a trading venue |
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|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
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|
Name |
Barbara Richmond |
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2 |
Reason for the notification |
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|
(a) |
Position/status |
Director |
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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 options under the Company's Sharesave Plan, 3-year scheme, at an option price of £3.775 Options exercisable between 1 January 2024 and 30 June 2024 |
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|
(d) |
Price(s) and volume(s)
|
|
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|
(e) |
Aggregated information |
|
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|
· |
· Aggregated volume |
2,384 |
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|
· |
· Price |
£3.775 |
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|
(f) |
Date of the transaction |
2024.02.09 |
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(g) |
Place of the transaction |
Outside a trading venue |
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|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
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|
Name |
Karen Jones |
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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 |
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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: 1. Long Term Incentive Plan; and 2. Deferred Bonus 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 |
50,150 |
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· |
· Price |
£6.945 |
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|
(f) |
Date of the transaction |
2024.02.08 |
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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 |
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|
(c) |
Nature of the transaction |
Sale of shares to cover Tax and National Insurance arising on exercise of options under: 1. Long Term Incentive Plan; and 2. 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 |
23,632 |
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|
· |
· Price |
£6.945 |
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|
(f) |
Date of the transaction |
2024.02.08 |
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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: Beth Ford, Group Company Secretary Date of notification: 2024.02.09 |
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LEI Number
2138008WJZBBA7EYEL28
Announcement Classification
3.1: Additional regulated information required to be disclosed under the laws of a Member State