REG - Barratt Redrow PLC - Barratt Redrow plc ShareBuyback Programme

Barratt RedrowAnnouncement

Yesterday 07:02

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RNS Number : 0161R  Barratt Redrow PLC  15 July 2025

 

 

BARRATT REDROW PLC

Share Buyback Programme

 

 

15 July 2025

 

 

In its Trading Statement earlier today, Barratt Redrow plc (the "Company")
announced, in compliance with the EU and UK Market Abuse Regulations, that it
will implement a programme to repurchase its ordinary shares of 10 pence each
(the "Shares") up to the value of £100 million in total (excluding expenses)
to be completed no later than 30 June 2026 (the "Programme").

 

The Company has entered into an agreement with Barclays Bank PLC, acting
through its investment bank ("Barclays"), under which it has issued
instructions to Barclays to purchase up to £50 million (excluding expenses)
of Shares during the period commencing 15 July 2025 and to be completed no
later than 31 December 2025 (the "First Tranche"). Barclays will carry out the
Company's instructions through the acquisition of the Shares in the Company
for subsequent repurchase by the Company. For the avoidance of doubt, no
repurchases will be made in respect of the Company's American Depositary
Receipts.

 

The purpose of the First Tranche is to reduce the capital of the Company, and
it intends that the Shares purchased will be cancelled.

 

Any share purchases will be made by the Company within certain pre-set
parameters and in accordance with the general authority of the Company to
repurchase shares granted by shareholders at the Company's Annual General
Meeting held on 23 October 2024 which, taking into account shares purchased
subsequent to this meeting, permits the Company to purchase no more than
133,819,331 ordinary shares. Any share purchases effected by the Company will
be in accordance with the EU and UK Market Abuse Regulations and UKLR 9.

 

Barratt Redrow plc

Mike Scott, Chief Financial Officer
          01530 278 278

John Messenger, Group Investor Relations Director          07867 201
763

 

Media enquiries

Tim Collins, Group Corporate Affairs Director
01530 278 278

 

Brunswick

Jonathan Glass / Rosie Oddy
          020 7404 5959

 

Barratt Redrow plc LEI: 2138006R85VEOF5YNK29

 

 

 

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