Form 8 (OPD) - Redrow plc

Redrow PLC

15 February 2024

 

FORM 8 (OPD)

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

1.             KEY INFORMATION

(a)  Full name of discloser:	Redrow plc
(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.	N/A
(c)  Name of offeror/offeree in relation to whose relevant securities this form relates:        Use a separate form for each offeror/offeree	Redrow Plc
(d)  Is the discloser the offeror or the offeree?	Offeree
(e)  Date position held:        The latest practicable date prior to the disclosure	14 February 2024
(f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?        If it is a cash offer or possible cash offer, state "N/A"	No If Yes, Specify Which:

2.             POSITIONS OF THE PARTY TO THE OFFER 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

Class of relevant security:
	Interests		Short positions
	Number	%	Number	%
(1)  Relevant securities owned and/or controlled:	NIL	-	NIL	-
(2)  Cash-settled derivatives:	NIL	-	NIL	-
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	NIL	-	NIL	-
TOTAL:	NIL	-	NIL	-

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

Class of relevant security in relation to which subscription right exists:	N/A
Details, including nature of the rights concerned and relevant percentages:	N/A

3.             POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:

(a)   Interests held by directors of Redrow plc, their close relatives and related trusts

Name	No. of Shares	Percentage of total issued share capital of relevant class of shares**
Richard Akers	70,000	0.02%
Matthew Pratt*	112,283	0.03%
Barbara Richmond*	594,685	0.18%
Nicky Dulieu	6,500	0.00%
Oliver Tant	11,303	0.00%

*Includes interests held by close relatives and related trusts

**Figures are rounded to 2 decimal places

(b)   Interests held as options or awards under the share plans of Redrow plc by the directors of Redrow plc and their close relatives and related trusts

Name	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) (£)
Matthew Pratt	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)	78,644	21 September 2022	21 September 2024	21 September 2032	NIL
	Deferred bonus scheme (2021)	18,892	21 September 2021	21 September 2023	21 September 2031	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	22 September 2020	22 September 2023	22 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
Barbara Richmond	Deferred bonus scheme (2023)	21,418	19 September 2023	50% on 19 September 2024 and 50% on 19 September 2025	19 September 2033	NIL
	Deferred bonus scheme (2022)	24,001	21 September 2022	21 September 2024	21 September 2032	NIL
	Long-term incentive plan (2023)	122,786	19 September 2023	19 September 2026	19 September 2033	NIL
	Long-term incentive plan (2022)	100,761	21 September 2022	21 September 2025	21 September 2032	NIL
	Long-term incentive plan (2021)	80,080	21 September 2021	21 September 2024	21 September 2031	NIL
	Long-term incentive plan (2020)	136,936	22 September 2020	22 September 2023	22 September 2030	NIL
	Long-term incentive plan (2019)	22,592	11 September 2019	11 September 2022	11 September 2029	NIL
	Savings-related option scheme (2023)	2,354	9 November 2023	1 January 2027	1 July 2027	3.94
	Savings-related option scheme (2022)	2,868	9 November 2022	1 January 2026	1 July 2026	3.137

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).

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 making the disclosure or any person acting in concert with it: 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 making the disclosure, or any person acting in concert with it, 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:	15 February 2024
Contact name:	Beth Ford, Group Company Secretary
Telephone number:	[phone]

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 disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END