Director/PDMR Shareholding

RNS Number : 7779I

Redrow PLC

24 November 2008

 



Redrow LTSIP 2008 and Redrow plc 2008 Company Share Option Plan 

Redrow plc ('Redrow') announces that on 21st November 2008 options over the following number of ordinary shares of 10p each in Redrow were granted under the Rules of the Company's Long Term Share Incentive Plan (as amended)  at a price of £1.6683p in respect of the year ended June 2008 in respect of the following: 

N FITZSIMMONS         509,501   

C E LEWIS                     359,648   

J F TUTTE                      359,648   

 

D L ARNOLD                359,648   

In addition the following persons discharging managerial responsibilities were granted options under the Rules of the Company's Long Term Share Incentive Plan in respect of the year ended June 2008

D CAMPBELL-KELLY      269,736

G A COPE                           251,753    

At its recent Annual General Meeting the Redrow plc 2008 Company Share Option Plan ('the Plan') was approved by shareholders and has since received approval from HM Revenue & Customs. On 21st November 2008 options over the following number of ordinary shares of 10p each in Redrow were granted under the Rules of the Plan at a price of £1.64p in respect of the following:

N FITZSIMMONS        18,292

C E LEWIS                    18,292

J F TUTTE                     18,292

 

D L ARNOLD                18,292

In addition the following persons discharging managerial responsibilities were granted options under the Rules of the Plan 

D CAMPBELL-KELLY      18,292 

G A COPE                          18,292

Both of the above options were granted subject to a 5 year vesting period and the exercise is dependant upon achieving performance targets.

ENDS

24/11/08    

 

END

 

 

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