Barratt Redrow plc ShareBuyback Programme
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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