AGM Statement

RNS Number : 0997F

Redrow PLC

10 November 2015

 



Redrow plc

10 November 2015

ANNUAL GENERAL MEETING

Redrow plc is holding its Annual General Meeting today at 12 noon at St David's Park Hotel, Ewloe, Flintshire.

At today's AGM Steve Morgan, Chairman, will say:

"I am pleased to report that this year's positive sales trend, which I announced in the September Prelims, has continued.  Currently, net private reservations are 28% ahead at 1,560 and the sales rate for the 19 weeks to 6 November 2015 is 0.68 per outlet per week, up 5% on last year.  The Average Selling Price of private reservations for the financial year to date is £334,000, an 18% increase mainly driven by better quality outlets coming on stream to replace lower priced sites.

With this strong sales performance, I am confident this will be another year of significant progress for Redrow.

The next scheduled trading update will be Redrow's half-yearly results for the six months ending 31 December 2015, which are due to be announced on Tuesday 9 February 2016."

Enquiries:

Redrow plc

Steve Morgan, Chairman                                                                      01244 527411

Barbara Richmond, Group Finance Director

Tulchan Communications

Lucy Legh                                                                                           0207 353 4200

 

END

 

 

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