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RNS Number : 5028E Redrow PLC 26 February 2024
FORM 8 (DD)
PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT
(INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)
Rules 8.1, 8.2 and 8.4 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Full name of discloser: Matthew Pratt
(b) Owner or controller of interests and short positions disclosed, if -
different from 1(a):
The naming of nominee or vehicle companies is insufficient. For a
trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form Redrow plc
relates:
Use a separate form for each offeror/offeree
(d) Status of person making the disclosure: Person acting in concert with the offeree (Redrow plc)
e.g. offeror, offeree, person acting in concert with the
offeror/offeree (specify name of offeror/offeree)
(e) Date dealing undertaken: 26 February 2024
(f) In addition to the company in 1(c) above, is the discloser making NO
disclosures in respect of any other party to the offer?
If it is a cash offer or possible cash offer, state "N/A"
If YES, specify which:
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one
class of relevant securities of the offeror or offeree named in 1(c), copy
table 2(a) or (b) (as appropriate) for each additional class of relevant
security.
(a) Interests and short positions in the relevant securities of
the offeror or offeree to which the disclosure relates following the dealing
Class of relevant security: Ordinary shares of 10.5 pence each
Interests Short positions
Number % Number %
(1) Relevant securities owned and/or controlled: 55,948 0.017* NIL -
(2) Cash-settled derivatives: NIL - NIL -
(3) Stock-settled derivatives (including options) and agreements to NIL - NIL -
purchase/sell:
55,948 0.017* NIL -
TOTAL:
*Figures are rounded to 3 decimal places
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded
options), or agreements to purchase or sell relevant securities, should be
given on a Supplemental Form 8 (Open Positions).
Details of any securities borrowing and lending positions or financial
collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
(b) Rights to subscribe for new securities (including directors'
and other employee options)
Class of relevant security in relation to which subscription right exists: Ordinary shares of 10.5 pence each
Details, including nature of the rights concerned and relevant percentages:
Share plan No. of Shares under option or subject to award Date of award / grant Vesting date Date of expiry of exercise period Exercise price (per share) (£)
Deferred bonus scheme (2023) 35,091 19 September 2023 50% on 19 September 2024 and 50% on 19 September 2025 19 September 2033 NIL
Deferred bonus scheme (2022) 39,322 21 September 2022 21 September 2024 21 September 2032 NIL
Long-term incentive plan (2023) 201,172 19 September 2023 19 September 2026 19 September 2033 NIL
Long-term incentive plan (2022) 165,086 21 September 2022 21 September 2025 21 September 2032 NIL
Long-term incentive plan (2021) 131,192 21 September 2021 21 September 2024 21 September 2031 NIL
Long-term incentive plan (2020) 199,852 23 September 2020 23 September 2023 23 September 2030 NIL
Long-term incentive plan (2019) 25,034 11 September 2019 11 September 2022 11 September 2029 NIL
Savings-related option scheme (2023) 4,708 9 November 2023 1 January 2027 1 July 2027 3.94
3. DEALINGS BY THE PERSON MAKING THE DISCLOSURE
Where there have been dealings in more than one class of relevant securities
of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as
appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security Purchase/sale Number of securities Price per unit
Ordinary shares Sale of shares to cover tax and national insurance arising on exercise of 27,430 £6.535
options under the Deferred Bonus Plan (as described below in (i))
(b) Cash-settled derivative transactions
Class of relevant security Product description Nature of dealing Number of reference securities Price per unit
e.g. CFD e.g. opening/closing a long/short position, increasing/reducing a long/short
position
N/A N/A N/A N/A N/A
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type Expiry date Option money paid/ received per unit
e.g. American, European etc.
N/A N/A N/A N/A N/A N/A N/A N/A
(ii) Exercise
Class of relevant security Product description Exercising/ exercised against Number of securities Exercise price per unit
e.g. call option
Ordinary shares Vested Deferred bonus scheme options (2022) Exercise of options under the Company's Deferred bonus scheme (2022) 39,322 NIL
Ordinary shares Vested Deferred bonus scheme options (2021) Exercise of options under the Company's Deferred bonus scheme (2021) 18,892 NIL
(d) Other dealings (including subscribing for new securities)
Class of relevant security Nature of dealing Details Price per unit (if applicable)
e.g. subscription, conversion
N/A N/A N/A N/A
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or
understanding, formal or informal, relating to relevant securities which may
be an inducement to deal or refrain from dealing entered into by the party to
the offer or person acting in concert making the disclosure and any other
person:
Irrevocable commitments and letters of intent should not be included. If
there are no such agreements, arrangements or understandings, state "none"
None
(b) Agreements, arrangements or understandings relating to
options or derivatives
Details of any agreement, arrangement or understanding, formal or informal,
between the party to the offer or person acting in concert making the
disclosure and any other person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant
securities to which any derivative is referenced:
If there are no such agreements, arrangements or understandings, state "none"
None
(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) NO
Supplemental Form 8 (SBL) NO
Date of disclosure: 26 February 2024
Contact name: Beth Ford, Redrow Group Company Secretary
Telephone number: +44 (0) 124 452 0044
Public disclosures under Rule 8 of the Code must be made to a Regulatory
Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation
to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk
(http://www.thetakeoverpanel.org.uk) .
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