6th Mar 2019 14:55
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)
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(g) | Aggregated information |
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· | · 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)
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(i) | Aggregated information |
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· | · 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)
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(i) | Aggregated information |
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· | · 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
Related Shares:
RDW.L