Fire Safety Self Remediation Terms

RNS Number : 6561S

Redrow PLC

13 March 2023

 

13^th March 2023

REDROW plc

FIRE SAFETY SELF ReMEDIATION TERMS

On 30^th January of this year the Rt Hon Michael Gove (Secretary of State for Levelling Up, Housing & Communities) announced the publishing of the self remediation terms (the 'Self Remediation Contract') which follows on from the signing of the Fire Safety Pledge last year by developers, which included Redrow, and provided for the remediation of life critical fire safety issues in high rise buildings.

Redrow confirms that it has signed the Self Remediation Contract.

As referred to in our Interim Statement, the Self Remediation Contract widens builders' responsibilities regarding potential remediation work which may need to be undertaken. Although this would mean an increase to our Building Safety provision, we do not expect this increase to be substantial. Regardless of the Self Remediation Contract formalities, we are proceeding with the remediation of the buildings concerned.

A copy of the signed Self Remediation Contract will be made available on our website, www.redrowplc.co.uk, in due course.

For further information contact:
Redrow plc
Matthew Pratt, Group Chief Executive	01244 527411
Barbara Richmond, Group Finance Director	01244 527411
Instinctif Partners
Tim McCall, Head of Capital Markets	0207 457 2020/07753 561862
Bryn Woodward, Associate Partner	0207 457 2045/ 07500 027181

LEI Number:

2138008WJZBBA7EYEL28

Announcement Classification:

3.1: Additional regulated information required to be disclosed under the laws of a Member State

 

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