TIDMRDW TIDMSDR

RNS Number : 9745C

Redrow PLC

21 April 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
  (i) 
 
 
 1. Identity of the issuer      Redrow plc 
  or the underlying issuer 
  of existing shares to which 
  voting rights are attached: 
  (ii) 
-----------------------------  ----------- 
 
 
 2 Reason for the notification (please tick the 
  appropriate box or boxes): 
--------------------------------------------------------------- 
 An acquisition or disposal of voting rights             ü 
------------------------------------------------------  ------- 
 An acquisition or disposal of qualifying 
  financial instruments which may result in 
  the acquisition of shares already issued 
  to which voting rights are attached 
------------------------------------------------------  ------- 
 An acquisition or disposal of instruments 
  with similar economic effect to qualifying 
  financial instruments 
------------------------------------------------------  ------- 
 An event changing the breakdown of voting 
  rights 
------------------------------------------------------  ------- 
 Other (please   Type 1 disclosure as per the            ü 
  specify):       Transparency Direction II Regulation 
--------------  --------------------------------------  ------- 
 
 
 
 3. Full name of person(s)          Schroders plc 
  subject to the notification 
  obligation: (iii) 
---------------------------------  -------------- 
 4. Full name of shareholder(s) 
  (if different from 3.): 
  (iv) 
---------------------------------  -------------- 
 5. Date of the transaction           19.04.17 
  and date on which the threshold 
  is crossed or reached: (v) 
---------------------------------  -------------- 
 6. Date on which issuer              20.04.17 
  notified: 
---------------------------------  -------------- 
 7. Threshold(s) that is/are          Below 5% 
  crossed or 
  reached: (vi, vii) 
---------------------------------  -------------- 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------ 
 Class/type       Situation                 Resulting situation after 
  of               previous                  the triggering transaction 
  shares           to the triggering 
                   transaction 
  if possible 
  using 
  the ISIN 
  CODE 
---------------  ------------------------  ----------------------------------------------------- 
                  Number       Number       Number       Number of             % of voting 
                   of           of           of           voting                rights (x) 
                   Shares       Voting       shares       rights 
                                Rights 
---------------  -----------  -----------  -----------  --------------------  ------------------ 
                                            Direct       Direct   Indirect     Direct   Indirect 
                                                          (xi)     (xii) 
---------------  -----------  -----------  -----------  -------  -----------  -------  --------- 
 Ordinary 
  GB0007282386    20,092,154   19,855,864   23,495,167    N/A     18,359,023    N/A      4.965% 
---------------  -----------  -----------  -----------  -------  -----------  -------  --------- 
 
 
 B: Qualifying Financial Instruments 
-------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------- 
 Type of financial   Expiration   Exercise/     Number of      % of voting 
  instrument          date         Conversion    voting         rights 
                      (xiii)       Period        rights that 
                                   (xiv)         may be 
                                                 acquired 
                                                 if the 
                                                 instrument 
                                                 is 
                                                 exercised/ 
                                                 converted. 
------------------  -----------  ------------  -------------  ------------ 
 
 
 
 C: Financial Instruments with similar economic 
  effect to Qualifying Financial Instruments (xv, 
  xvi) 
---------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------- 
 Type of       Exercise   Expiration   Exercise/     Number of     % of voting 
  financial     price      date         Conversion    voting        rights (xix, 
  instrument               (xvii)       period        rights        xx) 
                                        (xviii)       instrument 
                                                      refers 
                                                      to 
------------  ---------  -----------  ------------  ------------  ---------------- 
                                                                   Nominal   Delta 
------------  ---------  -----------  ------------  ------------  --------  ------ 
 
 
 
 Total (A+B+C) 
----------------------------------------------- 
 Number of voting rights   Percentage of voting 
                            rights 
------------------------  --------------------- 
       18,359,023                 4.965% 
------------------------  --------------------- 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------ 
 
   Schroder Investment Management Limited 17,474,857 4.725% 
 
   Schroder Investment Management (North America) Limited 
   884,166 0.239% 
------------------------------------------------------------ 
 
 
 Proxy Voting: 
-------------------------------- 
 10. Name of the proxy holder: 
------------------------------ 
 11. Number of voting rights 
  proxy holder will cease 
  to hold: 
------------------------------ 
 12. Date on which proxy 
  holder will cease to hold 
  voting rights: 
------------------------------ 
 
 
 13. Additional information:      The shares referred 
                                   to in section 9 are 
                                   held in portfolios 
                                   managed by those firms 
                                   on a discretionary 
                                   basis for clients under 
                                   investment management 
                                   agreements. This disclosure 
                                   has been calculated 
                                   based on issue share 
                                   capital amount 369,799,938. 
-------------------------------  ----------------------------- 
 14. Contact name:                Graham Anthony Cope 
                                   Redrow plc 
-------------------------------  ----------------------------- 
 15. Contact telephone number:     01244 520044 
-------------------------------  ----------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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