REG - Taylor Wimpey PLC - CMA consults on proposed commitments

Taylor WimpeyAnnouncement

Wed 08:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250709:nRSI3417Qa&default-theme=true

RNS Number : 3417Q  Taylor Wimpey PLC  09 July 2025

9 July 2025

Taylor Wimpey plc

 

Competition and Markets Authority (CMA) consults on proposed commitments to
close investigation into housebuilders

 

In February 2024, the UK Competition and Markets Authority ("CMA") launched an
investigation into the conduct of seven UK housebuilders between January 2022
and February 2024.

 

The CMA has today announced its intention to close its investigation by
accepting voluntary commitments from all parties involved in the
investigation, and has invited representations from interested third parties.

 

The CMA has not made any infringement finding against Taylor Wimpey or any of
the housebuilders subject to investigation, and the voluntary commitments
offered do not constitute an admission of any wrongdoing.

 

The voluntary commitments include: (i) agreeing not to share certain
categories of information with housebuilders; (ii) supporting the Home
Builders Federation and Homes for Scotland to develop and publish
industry-wide guidance on information exchange; and (iii) a combined financial
contribution by the seven housebuilders of £100 million to the Government's
Affordable Homes Programme. Taylor Wimpey's share of the combined financial
contribution will be a payment of £15.84 million. The payment will be made
within three months of the date on which the Parties receive formal
notification of the CMA's acceptance of the commitments, and will be treated
as an exceptional item within the half year results.

 

The CMA's consultation will close on 24 July 2025. The CMA will then make a
final decision on whether to accept the commitments offered.

 

Taylor Wimpey welcomes the CMA's intention to conclude its investigation by
accepting voluntary commitments. We will continue to work constructively with
the CMA as they conclude the process.

 

-Ends-

 

For further information please contact:

Taylor Wimpey plc
 
            Tel: +44(0)1494885656

 

Ishaq Kayani, Group General Counsel and Company Secretary

Debbie Archibald, Investor Relations

Andrew McGeary, Investor Relations

 

FGS Global
 
TaylorWimpey-LON@fgsglobal.com

Faeth Birch

Anjali Unnikrishnan

 

Notes to editors:

 

Taylor Wimpey plc is a customer-focused homebuilder operating at a local level
from 22 regional businesses across the UK. We also have operations in Spain.
Our purpose is to build great homes and create thriving communities.

 

For further information, please visit the Group's website:
www.taylorwimpey.co.uk/corporate (http://www.taylorwimpey.co.uk/corporate)

 

Follow our company page on LinkedIn, Taylor Wimpey plc

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCSSDSWUEISESW