FMR LLC and FIL Limited, along with their subsidiaries, have disclosed their position in REDROW PLC, a key player in the real estate industry. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that FMR LLC and its subsidiaries hold 1.40% of the 10.5p ordinary shares of REDROW PLC, amounting to 4,648,431 shares. The disclosure also includes details of recent dealings, with FMR LLC and its subsidiaries selling 50,000 and 269,084 10.5p ordinary shares at 6.55 GBP/Share and 6.54 GBP/Share, respectively.
The disclosure further states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Additionally, no supplemental form is attached to the disclosure. The disclosure was made on 5th April 2024, and the contact person for any further information is Ada Coffey, reachable at 00 353 1 223 1020.
This disclosure provides valuable insights into the ownership and dealings of FMR LLC and FIL Limited and their subsidiaries in REDROW PLC, shedding light on their interests and short positions in the company's relevant securities. It offers transparency and clarity regarding their recent dealings and any related agreements or arrangements, contributing to a better understanding of the market dynamics and the stakeholders involved.