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REDROW | Redrow Plc Holdings In Company | RNS

TIDMRDW

RNS Number : 3830Q
Redrow PLC
02 August 2010

?
+--------------------------------------+
| |
+--------------------------------------+
| |
+--------------------------------------+

+-----------------------------------------------------------------------------+
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
+-----------------------------------------------------------------------------+

+----------------+----------------------+------------------------+-------+
| 1. Identity of the issuer or the | REDROW PLC |
| underlying issuer of existing shares | |
| to which voting rights are attached: | |
+---------------------------------------+--------------------------------+
| 2 Reason for the notification (please tick the appropriate box or |
| boxes): |
+------------------------------------------------------------------------+
| | YES |
| An acquisition or disposal of voting rights | |
+----------------------------------------------------------------+-------+
| | NO |
| An acquisition or disposal of qualifying financial instruments | |
| which may result in the acquisition of shares already issued | |
| to which voting rights are attached | |
+----------------------------------------------------------------+-------+
| | NO |
| An acquisition or disposal of instruments with similar | |
| economic effect to qualifying financial instruments | |
+----------------------------------------------------------------+-------+
| | NO |
| An event changing the breakdown of voting rights | |
+----------------------------------------------------------------+-------+
| | | |
| Other (please | | |
| specify): | | |
+----------------+-----------------------------------------------+-------+
| | |
| 3. Full name of person(s) subject to | AEGON UK Group of Companies |
| the notification obligation: | |
| | |
+---------------------------------------+--------------------------------+
| | |
| 4. Full name of shareholder(s) (if | |
| different from 3.): | |
| | |
+---------------------------------------+--------------------------------+
| | |
| 5. Date of the transaction and date | 30 July 2010 |
| on which the threshold is crossed or | |
| reached: | |
| | |
+---------------------------------------+--------------------------------+
| | |
| 6. Date on which issuer notified: | 02 August 2010 |
| | |
+---------------------------------------+--------------------------------+
| | |
| 7. Threshold(s) that is/are crossed | 5% - 4% |
| or reached: | |
| | |
+---------------------------------------+--------------------------------+
| | |
+---------------------------------------+--------------------------------+
| | | | |
+----------------+----------------------+------------------------+-------+

+--------------+------------+------------+------------+------------+-----------+--------+----------+
| 8. Notified details: |
+--------------------------------------------------------------------------------------------------+
| A: Voting rights attached to shares |
| |
+--------------------------------------------------------------------------------------------------+
| Class/type | Situation | Resulting situation after the |
| of | previous | triggering transaction |
| shares | to the | |
| if | triggering | |
| possible | transaction | |
| using | | |
| the ISIN | | |
| CODE | | |
+ +-------------------------+---------------------------------------------------------+
| | Number | Number | Number | Number of | % of |
| | of | of | of | voting | voting |
| | Shares | Voting | shares | rights | rights x |
| | | Rights | | | |
+ + + +------------+------------------------+-------------------+
| | | | Direct | Direct | Indirect | Direct | Indirect |
| | | | | Xi | Xii | | |
| | | | | | | | |
+--------------+------------+------------+------------+------------+-----------+--------+----------+
| GB0007282386 | | | 12,785,685 | 12,785,685 | 1,408,028 | 4.14% | 0.46% |
| | 16,305,407 | 16,305,407 | | | | | |
| ORD 10p | | | | | | | |
+--------------+------------+------------+------------+------------+-----------+--------+----------+

+--------------+------------+--------------+--------------+----------+
| B: Qualifying Financial Instruments |
+--------------------------------------------------------------------+
| Resulting situation after the triggering transaction |
| |
+--------------------------------------------------------------------+
| Type of | Expiration | Exercise/ | Number of | % of |
| financial | date | Conversion | voting | voting |
| instrument | | Period | rights that | rights |
| | | | may be | |
| | | | acquired if | |
| | | | the | |
| | | | instrument | |
| | | | is | |
| | | | exercised/ | |
| | | | converted. | |
| | | | | |
+--------------+------------+--------------+--------------+----------+
| | | | | |
+--------------+------------+--------------+--------------+----------+

+------------+----------+------------+------------+-------------+------------+------+
| C: Financial Instruments with similar economic effect to |
| Qualifying Financial Instruments |
+-----------------------------------------------------------------------------------+
| Resulting situation after the triggering transaction |
| |
+-----------------------------------------------------------------------------------+
| Type of | Exercise | Expiration | Exercise/ | Number of | % of |
| financial | price | date | Conversion | voting | voting |
| instrument | | | period | rights | rights |
| | | | | instrument | |
| | | | | refers to | |
+------------+----------+------------+------------+-------------+-------------------+
| | | | | | | |
+ + + + + +------------+------+
| | | | | | | |
+------------+----------+------------+------------+-------------+------------+------+

+------------------------------------+------------------------------+
| |
| Total (A+B+C) |
| |
+-------------------------------------------------------------------+
| | |
| Number of voting rights | Percentage of voting rights |
+------------------------------------+------------------------------+
| 14,193,713 | 4.60% |
+------------------------------------+------------------------------+

+--------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting |
| rights and/or the |
| financial instruments are effectively held, if applicable: |
+--------------------------------------------------------------------+
| |
| AEGON UK Group of Companies - parent undertaking of: |
| |
| AEGON Asset Management UK plc |
| |
| AEGON Investment Management UK Ltd. |
| |
| AEGON ICVC |
| |
| |
+--------------------------------------------------------------------+


+------------------------------------+------------------------------+
| |
| Proxy Voting: |
| |
+-------------------------------------------------------------------+
| | |
| 10. Name of the proxy holder: | AEGON UK Group of Companies |
| | |
+------------------------------------+------------------------------+
| | |
| 11. Number of voting rights proxy | |
| holder will cease to hold: | |
| | |
+------------------------------------+------------------------------+
| | |
| 12. Date on which proxy holder | |
| will cease to hold voting rights: | |
| | |
+------------------------------------+------------------------------+
| | |
| 13. Additional information: | |
| | |
+------------------------------------+------------------------------+
| | |
| 14. Contact name: | Graham Cope |
| | Group Company Secretary |
| | Redrow plc |
+------------------------------------+------------------------------+
| | |
| 15. Contact telephone number: | 01244 520044 |
| | |
+------------------------------------+------------------------------+

+-------------------------------------+--------------------------------------+
| Note: Annex should only be submitted to the FSA not the issuer |
+----------------------------------------------------------------------------+
| Annex: Notification of major interests in share |
+----------------------------------------------------------------------------+
| |
+----------------------------------------------------------------------------+
| A: Identity of the persons or legal entity subject to the notification |
| obligation |
+----------------------------------------------------------------------------+
| Full name | |
| (including legal form of legal | |
| entities) | |
| | |
+-------------------------------------+--------------------------------------+
| Contact address | |
| (registered office for legal | |
| entities) | |
| | |
+-------------------------------------+--------------------------------------+
| Phone number & email | |
| | |
+-------------------------------------+--------------------------------------+
| Other useful information | |
| (at least legal representative for | |
| legal persons) | |
| | |
+-------------------------------------+--------------------------------------+
| | |
+-------------------------------------+--------------------------------------+
| B: Identity of the notifier, if applicable |
+----------------------------------------------------------------------------+
| Full name | AEGON UK Group of Companies consists |
| | of: |
| | AEGON Asset Management UK plc |
| | AEGON Investment Management UK Ltd |
| | AEGON ICVC |
+-------------------------------------+--------------------------------------+
| Contact address | AEGON Asset Management UK plc |
| | AEGON House |
| | 3 Lochside Avenue |
| | Edinburgh Park |
| | Edinburgh |
| | EH12 9SA |
| | Tel: 0870 60 90 101 |
| | |
+-------------------------------------+--------------------------------------+
| Phone number & email | Tel: 0131 549 3460 |
| | Email: miranda.beacham@aegon.co.uk |
| | |
+-------------------------------------+--------------------------------------+
| Other useful information | Ian G Young |
| (e.g. functional relationship with | Company Secretary |
| the person or legal entity subject | Tel: 0131 549 6398 |
| to the notification obligation) | |
+-------------------------------------+--------------------------------------+
| |
+-------------------------------------+--------------------------------------+



This information is provided by RNS
The company news service from the London Stock Exchange
END

HOLUUASRRNAWRAR





Redrow PLC is a United Kingdom-based company engaged in residential development, which includes mixed use development. The Company’s operations are primarily focused on house building. Its completed projects include Signature, In the City/Regeneration and Debut. The Company's land holdings consist of both a current and forward land bank. As of June 30, 2010, the current land bank consisted of 11,600 plots owned with planning and 1,570 contracted plots, and its forward lank bank stood at around 22,000 plots. Its subsidiaries include Redrow Homes (Scotland) Ltd, Redrow Homes (Yorkshire) Ltd, Redrow Homes (Lancashire) Ltd, Redrow plc & Redrow Homes (NW) Ltd, Redrow Homes (Midlands) Ltd, Redrow Homes (South Midlands) Ltd, Redrow Homes (South West) Ltd, Redrow Homes (South Wales) Ltd and Redrow Homes (Eastern) Ltd. more »

Share Price (Full)
269p
Change
-1.4  -0.5%
P/E (fwd)
7.0
Yield (fwd)
2.7
Mkt Cap (£m)
994.8