FMR LLC and FIL Limited, along with their subsidiaries, have disclosed their position in REDROW PLC, a key player in the real estate development industry. The disclosure, made in accordance with Rule 8.3 of the Takeover Code, reveals that as of May 30, 2024, FMR LLC and its subsidiaries hold 1.05% of the 10.5p ordinary shares of REDROW PLC, amounting to 3,474,241 shares. Additionally, the disclosure includes a sale of 59,000 securities at a price of 7.11 GBP per share.
The disclosure also indicates that there are no indemnity or dealing arrangements, agreements, or understandings related to relevant securities, options, or derivatives. Furthermore, no supplemental Form 8 (Open Positions) is attached to the disclosure.
This disclosure provides valuable insights into the ownership and control of relevant securities in REDROW PLC by FMR LLC and FIL Limited, shedding light on their interests and short positions in the company. It offers transparency and compliance with regulatory requirements, ensuring that all relevant information is available to the public and stakeholders.