Geode Capital Management LLC, a financial management company, has disclosed its position in Redrow plc, a UK-based housebuilding company, on May 8, 2024. The disclosure is in accordance with Rule 8.3 of the Takeover Code, which requires public disclosure of dealings by a person with interests in relevant securities representing 1% or more. Geode Capital Management LLC has disclosed its interests and short positions in Redrow plc, representing 0.17% of the 10.5p ordinary shares, totaling 549,977 securities.
The disclosure also includes details of a purchase of 1,346 10.5p ordinary shares at a price of £6.95 per unit. Geode Capital Management LLC has not entered into any indemnity or option arrangements, agreements, or understandings relating to options or derivatives in connection with Redrow plc. Additionally, no supplemental form for open positions has been attached to the disclosure.
The disclosure by Geode Capital Management LLC is a requirement under the Takeover Code and provides transparency regarding its interests and dealings in Redrow plc. This information is important for investors and market participants to understand the positions and activities of significant stakeholders in the company.