Director/PDMR Shareholding

RNS Number : 0728S

Redrow PLC

06 March 2019

 

Redrow plc

Notification of Transactions of Persons Discharging Managerial Responsibilities/closely associated person

Bridgemere Securities Limited (an entity controlled by the trustees of the Trinity Trust ("the Trustees"), a trust settled by Steve Morgan, the Chairman of Redrow plc, in 1996 for the benefit of his family) has transferred 4,200,000 shares (the "Shares"), representing 1.14% of the issued share capital of Redrow plc. The Shares will ultimately be held for the benefit of Mr Morgan's child. The Transfer was made in accordance with a resolution of the Trustees as part of long-term inheritance planning.

1	Details of the person discharging managerial responsibilities / person closely associated
	Name	Bridgemere Securities Limited
2	Reason for the notification
(a)	Position/status	Bridgemere Securities Limited is a person closely associated with Steve Morgan, Chairman of Redrow plc (a 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)
(c)	Description of the financial instrument, type of instrument	Ordinary shares of 10p each
(d)	Identification code	GB0007282386
(e)	Nature of the transaction	Transfer of shares to a subsidiary who is a person closely associated with Steve Morgan (a PDMR), for no consideration
(f)	Price(s) and volume(s)	Price(s) Volume(s) 0 4,200,000
(g)	Aggregated information
·	·             Aggregated volume	4,200,000
·	·             Price	£0
(h)	Date of the transaction	2019.03.06
(i)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
	Name	RJM Holdings Ltd
2	Reason for the notification
(a)	Position/status	RJM Holdings Ltd is a person closely associated with Steve Morgan, Chairman of Redrow plc (a PDMR)
(b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(c)	Name	Redrow plc
(d)	LEI	2138008WJZBBA7EYEL28
4	Details of the transaction(s)
(e)	Description of the financial instrument, type of instrument	Ordinary shares of 10p each
(f)	Identification code	GB0007282386
(g)	Nature of the transaction	Acquisition of shares from Bridgemere Securities Limited, also a person closely associated with Steve Morgan (a PDMR), for no consideration
(h)	Price(s) and volume(s)	Price(s) Volume(s) 0 4,200,000
(i)	Aggregated information
·	·             Aggregated volume	4,200,000
·	·             Price	£0
(j)	Date of the transaction	2019.03.06
(k)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
	Name	RJM Investments Ltd
2	Reason for the notification
(a)	Position/status	RJM Investments Ltd is a person closely associated with Steve Morgan, Chairman of Redrow plc (a PDMR)
(b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(c)	Name	Redrow plc
(d)	LEI	2138008WJZBBA7EYEL28
4	Details of the transaction(s)
(e)	Description of the financial instrument, type of instrument	Ordinary shares of 10p each
(f)	Identification code	GB0007282386
(g)	Nature of the transaction	Acquisition of an indirect interest in shares for no consideration
(h)	Price(s) and volume(s)	Price(s) Volume(s) 0 4,200,000
(i)	Aggregated information
·	·             Aggregated volume	4,200,000
·	·             Price	£0
(j)	Date of the transaction	2019.03.06
(k)	Place of the transaction	Outside a trading venue

Name of officer of issuer responsible for making notification: Graham Cope Date of notification: 2019.03.06

LEI Number:
2138008WJZBBA7EYEL28

Announcement Classification:
3.1: Additional regulated information required to be disclosed under the laws of a Member State

 

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