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Redrow plc announced that Directors Matthew Pratt and Barbara Richmond, along with PDMRs Timothy Stone, Gary Crisp, Christopher Lilley, Karen Jones, Matt Grayson, Rose Sandell, and Bethany Ford, exercised nil cost options. These options, under the Company's DBP and LTIP schemes, resulted in the acquisition of a total of 1,392,596 ordinary shares on August 20, 2024, following the Court Sanction of the Scheme of Arrangement.
| Date | 21 Aug 2024 |
| Time | 15:51:57 |
| Category | Director/PDMR dealings |
| ID | 3149B |
Redrow plc
Notification of Transactions of Persons Discharging Managerial Responsibilities/closely associated person
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
|
Name |
Matthew Pratt |
||||
|
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 |
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 DBP and LTIP schemes upon Court Sanction of the Scheme of Arrangement |
||||
|
(d) |
Price(s) and volume(s)
|
|
||||
|
(e) |
Aggregated information |
|
||||
|
· |
· Aggregated volume |
598,507 |
||||
|
· |
· Price |
Nil |
||||
|
(f) |
Date of the transaction |
2024.08.20 |
||||
|
(g) |
Place of the transaction |
Outside a trading venue |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
|
Name |
Barbara Richmond |
||||
|
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 |
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 DBP and LTIP schemes upon Court Sanction of the Scheme of Arrangement |
||||
|
(d) |
Price(s) and volume(s)
|
|
||||
|
(e) |
Aggregated information |
|
||||
|
· |
· Aggregated volume |
387,570 |
||||
|
· |
· Price |
Nil |
||||
|
(f) |
Date of the transaction |
2024.08.20 |
||||
|
(g) |
Place of the transaction |
Outside a trading venue |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
|
Name |
Timothy Stone |
||||
|
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 DBP and LTIP schemes upon Court Sanction of the Scheme of Arrangement |
||||
|
(d) |
Price(s) and volume(s)
|
|
||||
|
(e) |
Aggregated information |
|
||||
|
· |
· Aggregated volume |
70,853 |
||||
|
· |
· Price |
Nil |
||||
|
(f) |
Date of the transaction |
2024.08.20 |
||||
|
(g) |
Place of the transaction |
Outside a trading venue |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
|
Name |
Gary Crisp |
||||
|
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 DBP and LTIP schemes upon Court Sanction of the Scheme of Arrangement |
||||
|
(d) |
Price(s) and volume(s)
|
|
||||
|
(e) |
Aggregated information |
|
||||
|
· |
· Aggregated volume |
70,853 |
||||
|
· |
· Price |
Nil |
||||
|
(f) |
Date of the transaction |
2024.08.20 |
||||
|
(g) |
Place of the transaction |
Outside a trading venue |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
|
Name |
Christopher Lilley |
||||
|
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 DBP and LTIP schemes upon Court Sanction of the Scheme of Arrangement |
||||
|
(d) |
Price(s) and volume(s)
|
|
||||
|
(e) |
Aggregated information |
|
||||
|
· |
· Aggregated volume |
70,853 |
||||
|
· |
· Price |
Nil |
||||
|
(f) |
Date of the transaction |
2024.08.20 |
||||
|
(g) |
Place of the transaction |
Outside a trading venue |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
|
Name |
Karen Jones |
||||
|
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 DBP and LTIP schemes upon Court Sanction of the Scheme of Arrangement |
||||
|
(d) |
Price(s) and volume(s)
|
|
||||
|
(e) |
Aggregated information |
|
||||
|
· |
· Aggregated volume |
46,497 |
||||
|
· |
· Price |
Nil |
||||
|
(f) |
Date of the transaction |
2024.08.20 |
||||
|
(g) |
Place of the transaction |
Outside a trading venue |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
|
Name |
Matt Grayson |
||||
|
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 DBP and LTIP schemes upon Court Sanction of the Scheme of Arrangement |
||||
|
(d) |
Price(s) and volume(s)
|
|
||||
|
(e) |
Aggregated information |
|
||||
|
· |
· Aggregated volume |
46,497 |
||||
|
· |
· Price |
Nil |
||||
|
(f) |
Date of the transaction |
2024.08.20 |
||||
|
(g) |
Place of the transaction |
Outside a trading venue |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
|
Name |
Rose Sandell |
||||
|
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 DBP and LTIP schemes upon Court Sanction of the Scheme of Arrangement |
||||
|
(d) |
Price(s) and volume(s)
|
|
||||
|
(e) |
Aggregated information |
|
||||
|
· |
· Aggregated volume |
40,729 |
||||
|
· |
· Price |
Nil |
||||
|
(f) |
Date of the transaction |
2024.08.20 |
||||
|
(g) |
Place of the transaction |
Outside a trading venue |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
|
Name |
Bethany Ford |
||||
|
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 DBP scheme upon Court Sanction of the Scheme of Arrangement |
||||
|
(d) |
Price(s) and volume(s)
|
|
||||
|
(e) |
Aggregated information |
|
||||
|
· |
· Aggregated volume |
237 |
||||
|
· |
· Price |
Nil |
||||
|
(f) |
Date of the transaction |
2024.08.20 |
||||
|
(g) |
Place of the transaction |
Outside a trading venue |
||||
Name of officer of issuer responsible for making notification: Beth Ford, Group Company Secretary
Date of notification: 2024.08.21
LEI Number
2138008WJZBBA7EYEL28
Announcement Classification
3.1: Additional regulated information required to be disclosed under the laws of a Member State