(RDW.L) Redrow PLC Buy/Sell

RNS Number : 1423C Redrow PLC 06 November 2009

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing
shares to which voting rights are attached: REDROW PLC

2 Reason for the notification (please tick the appropriate box or boxes):
X

An acquisition or disposal of voting rights An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify):

3. Full name of person(s) subject to
the notification obligation: CREDIT SUISSE GROUP AG
4. Full name of shareholder(s) (if CREDIT SUISSE
different from 3.): CREDIT SUISSE SECURITIES

5. Date of the transaction and date on
which the threshold is crossed or 04.11.2009

reached:

6. Date on which issuer notified:
06.11.2009
7. Threshold(s) that is/are crossed or 5%

reached:

8. Notified details: A: Voting rights attached to shares

Class/type of Situation previous Resulting situation after the triggering transaction
shares to the triggering
transaction

if possible using the ISIN CODE
Number Number Number Number of voting % of voting rights
of of of shares rights
Shares Voting
Rights
Direct Direct Indirect Direct Indirect
ORD N/A N/A N/A N/A 9,343,998 N/A 5.83%

B: Qualifying Financial Instruments Resulting situation after the triggering transaction

Type of financial Expiration Exercise/ Number of voting % of voting
instrument date Conversion rights that may be rights
Period acquired if the
instrument is
exercised/
converted.

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction

Type of financial Exercise Expiration Exercise/ Number of voting % of voting rights
instrument price date Conversion rights instrument
period refers to
N/A Nominal Delta

Total (A+B+C)

Number of voting rights Percentage of voting rights
9,343,998 5.83%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

1. Credit Suisse Group AG

2. Credit Suisse

2.1 Credit Suisse Securities (Europe) Ltd

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name: Graham A Cope
Group Company Secretary

15. Contact telephone number:

Note: Annex should only be submitted to the FSA not the issuer Annex: Notification of major interests in share

A: Identity of the persons or legal entity subject to the notification obligation
Full name Credit Suisse Group
(including legal form of legal entities) AG
Contact address One Cabot Square,
(registered office for legal entities) London EC14 4QJ
Phone number & email Simon
Crawley/Carolyn
Collins
+44(0)207 888 5416
Simon.crawley@
credit-suisse.com

Other useful information (at least legal representative for legal persons)

B: Identity of the notifier, if applicable Full name

Contact address

Phone number & email

Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information Credit Suisse Ref: 156654

This information is provided by RNS The company news service from the London Stock Exchange

HOLUNAVRKARARAA

RNS Number : 9690B Redrow PLC 04 November 2009

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are REDROW PLC

attached: 2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify):

3. Full name of person(s) subject to the F&C Asset Management plc

notification obligation:

4. Full name of shareholder(s) (if different from See box 9 below

3.):

5. Date of the transaction and date on which the 03/11/2009

threshold is crossed or reached:

6. Date on which issuer notified: 04/11/2009

7. Threshold(s) that is/are crossed or reached: 5%

8. Notified details: A: Voting rights attached to shares

Class/type of Situation previous Resulting situation after the triggering transaction
shares to the triggering
transaction

if possible using the ISIN CODE
Number Number Number Number of voting % of voting
of of of shares rights rights
Shares Voting
Rights
Direct Direct Indirect Direct Indirect
6,447,664 6,447,664 11,030,843 - 11,030,843 - 6.89

ORD 10p

B: Qualifying Financial Instruments Resulting situation after the triggering transaction

Type of financial Expiration Exercise/ Number of voting % of voting
instrument date Conversion rights that may be rights
Period acquired if the
instrument is
exercised/
converted.

-

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction

Type of financial Exercise Expiration Exercise/ Number of voting % of voting rights
instrument price date Conversion rights instrument
period refers to
Nominal Delta

Total (A+B+C)

Number of voting rights Percentage of voting rights
11,030,843 6.89%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

F&C Asset Management plc:-
Client No of voting rights % of total voting rights Registration name
FPP UK Equity Fund 6,893,986 4.31 HSBC GS Nominees Ltd

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

Graham Cope

14. Contact name:

Group Company Secretary
15. Contact telephone number: 01244 520044

Note: Annex should only be submitted to the FSA not the issuer Annex: Notification of major interests in share

A: Identity of the persons or legal entity subject to the notification obligation
Full name F&C Asset Management
(including legal form of legal entities) plc

Contact address (registered office for legal entities)

Phone number & email

Other useful information (at least legal representative for legal persons)

B: Identity of the notifier, if applicable
Full name Peter Fraser, F&C
Asset Management plc

Contact address

Phone number & email 0131 718 1051

Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information

This information is provided by RNS The company news service from the London Stock Exchange

HOLUSAVRKVRARAA

By Mark Potter and James Davey

LONDON, Nov 4 (Reuters) - Britons' confidence about economic recovery appears to be building, though companies remain wary and are still relying heavily on cost cutting to boost profits.
Clothing retailers Marks & Spencer and Next beat profit and sales forecasts respectively on Wednesday, while builders Taylor Wimpey and Redrow highlighted a pick up in the housing market, lifting shares in all four firms.
But the companies also said their performance was flattered by extremely weak trading in the same time last year following the collapse of U.S. bank Lehman Brothers, and were worried about taxes rising next year to address rising government debt.
"What we can say with some certainty is that the consumer is not in freefall and we're seeing stability, if somewhat subdued stability, in consumer spending," Next Chief Executive Simon Wolfson told Reuters.
"(But) no one quite knows what the effect of increased taxation is going to be next year."
Hopes of quick economy recovery in Britain were dealt a blow last month when official data showed an unexpected drop in activity in the third quarter, making the current recession the longest ever.
The Nationwide consumer confidence index showed on Wednesday that consumer morale hit its highest level in the last two months since April 2008. But that survey was taken before the third-quarter growth data.
"I think we've been through the worst of the downturn," Marks & Spencer (M&S) Chairman Stuart Rose told reporters.
But consumer confidence was "fragile" and competition between companies was likely to be intense heading into the key Christmas trading period, he said.
The British Retail Consortium said shop prices were flat in October compared with a year ago, with food prices up 2.5 percent and non-food prices down 1.3 percent, falling for an eleventh month in a row.
"Retailers continue to feel the need to price competitively to get reluctant consumers to part with their money," said IHS Global Insight economist Howard Archer.

M&S, which trades from over 650 stores in Britain and about 300 abroad, said profit before tax and one-off items was flat at 298 million pounds ($491 million) in the six months to Sept. 26.
That beat analysts' average forecast as tight control of costs and stocks offset price cuts and weak demand.
The 125-year-old group also said it planned to sell a selected range of around 400 branded grocery and household products, like Marmite and Kellogg's cereals, after a successful trial.
M&S shares jumped as much as 8.5 percent to a 5-week high of 369.9 pence as analysts lifted full-year forecasts.
"We have had a good start to the third quarter. However, the market remains competitive and, as we come up against volatile trading conditions last year, we remain cautious about the outlook for Christmas and the year ahead," Rose said.
Fashion and homewares group Next posted a 1.3 percent fall in third-quarter sales at stores open at least a year, beating forecasts, and raised its sales and profit guidance for its full financial year.
Its shares jumped 5 percent to 1,900 pence.
A trading update from pubs group JD Wetherspoon underscored the importance of low prices to attract consumers.
It bucked an industry trend for falling sales with a 0.3 percent rise in outlets open at least a year in the 13 weeks to Oct. 25.
Housebuilders Taylor Wimpey and Redrow both reported an improving housing market, sending their shares up as much as 11 and 6 percent respectively.

($1=.6071 Pound) (Additional reporting by Matt Scuffham and Lorraine Turner in London and Tresa Sherin Morera in Bangalore; editing by Simon Jessop and Hans Peters) Keywords: BRITAIN CONSUMER/ (mark.r.potter@thomsonreuters.com; +44 20 7542-2943; Reuters Messaging: mark.potter.reuters.com@reuters.net)

COPYRIGHT

Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

RNS Number : 9222B Redrow PLC 04 November 2009

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR SWITZERLAND

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale or purchase of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The availability of the Rights Issue to persons not resident in the United Kingdom may be affected by the laws of the relevant jurisdictions. Such persons should inform themselves about and observe any applicable requirements.

4 November 2009

REDROW PLC - SALE OF RIGHTS ISSUE RUMP

The Board of Redrow announced previously that, as at 11:00 a.m. London time on 03 November 2009, being the latest date for receipt of valid acceptances, it had received valid acceptances in respect of 144,380,477 New Shares, representing approximately 97.2 per cent. of the total number of New Shares offered to Qualifying Shareholders pursuant to the thirteen for fourteen rights issue announced by Redrow on 23 September 2009 (the "Rights Issue").

The Board of Redrow announces that, in accordance with the arrangements set out in Part III of the Prospectus, the Joint Bookrunners have procured subscribers for the remaining 4,206,018 New Shares for which valid acceptances were not received at a price of 143 pence per New Share.

The net proceeds from such subscription after deduction of the Issue Price of 105 pence per New Share and the expenses of procuring such subscribers (including any applicable brokerage and commissions and amounts in respect of value added tax) will be paid (without interest):

where the Nil Paid Rights were, at the time they lapsed, represented by a Provisional Allotment Letter, to the person whose name and address appeared on the Provisional Allotment Letter;

where the Nil Paid Rights were, at the time they lapsed, in uncertificated form, to the person registered as the holder of those Nil Paid Rights at the time of their disablement in CREST; and

where an entitlement to New Shares was not taken up by an Overseas Shareholder, to that Overseas Shareholder,

pro rata to their lapsed provisional allotments, save that amounts of less than £5.00 per holding will not be so paid but will be aggregated and retained by Computershare Investor Services Plc on behalf of Merrill Lynch International who are acting as principal on receipt of such monies.

Enquiries:

Redrow plc

Steve Morgan, Chairman 01244 520044

David Arnold, Group Finance Director

BofA Merrill Lynch (Joint Sponsor and Joint Bookrunner)

Rupert Hume-Kendall 020 7628 1000

Andrew Tusa

J.P. Morgan Cazenove (Joint Sponsor and Joint Bookrunner)

Laurence Hollingworth 020 7588 2828

Patrick Magee

HSBC (Financial Adviser to Redrow and Co-Lead Manager)

Charles Packshaw 020 7991 8888

Simon Cloke

Tulchan Communications

Susanna Voyle 020 7353 4200

Lucy Legh

This announcement is not a Prospectus. A Prospectus relating to the Rights Issue was published by the Company on 23 September 2009. Investors should only rely on the information contained in the Prospectus and any documents incorporated therein by reference.

This announcement shall not constitute an offer to buy, sell, issue, subscribe for or otherwise acquire, or the solicitation of an offer to buy, sell or issue, subscribe for or otherwise acquire any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

This announcement has been issued by and is the sole responsibility of Redrow. No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by J.P. Morgan Cazenove, Merrill Lynch International, HSBC, Lloyds TSB Corporate Markets or RBS Hoare Govett or by any of their respective affiliates or agents as to, or in relation to, the accuracy or completeness of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any responsibility or liability therefor whether arising in tort, contract or otherwise is expressly disclaimed.

Distribution of this announcement and/or the Provisional Allotment Letters and/or the transfer of Nil Paid Rights, Fully Paid Rights and/or New Shares into jurisdictions other than the United Kingdom may be restricted by law. Persons into whose possession this announcement comes should inform themselves of and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement is not for distribution, directly or indirectly, in or into the United States (including its territories and dependencies, any state of the United States and the District of Columbia), Australia, Canada, Japan, South Africa or Switzerland or any jurisdiction into which the same would be unlawful. This announcement does not constitute or form a part of any offer or solicitation to purchase, subscribe for or otherwise acquire securities in the United States, Australia, Canada, Japan, South Africa or Switzerland or any jurisdiction in which such an offer or solicitation is unlawful. The Provisional Allotment Letters, the Nil Paid Rights, the Fully Paid Rights and the New Shares have not been and will not be registered under the US Securities Act of 1933 (the "Securities Act") or under any securities laws of any state or other jurisdiction of the United States and may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly, within the United States except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. Subject to certain exceptions, the Provisional Allotment Letters, the Nil Paid Rights, the Fully Paid Rights, and the New Shares are being offered and sold only outside the United States in accordance with Regulation S under the Securities Act. There will be no public offer of these securities in the United States.

The Provisional Allotment Letters, the Nil Paid Rights, the Fully Paid Rights and the New Shares have not been approved or disapproved by the US Securities and Exchange Commission, any state's securities commission in the United States or any US regulatory authority, nor have any of the foregoing authorities passed upon or endorsed the merits of the offering of the Provisional Allotment Letters, the Nil Paid Rights, the Fully Paid Rights, the New Shares or the accuracy or adequacy of this announcement. Any representation to the contrary is a criminal offence in the United States.

The Provisional Allotment Letters, the Nil Paid Rights, the Fully Paid Rights and the New Shares will also not be registered under the securities laws of Australia, Canada, Japan, South Africa and Switzerland and may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly, within such jurisdictions except pursuant to an applicable exemption from and in compliance with any applicable securities laws. There will be no public offer in any of Australia, Canada, Japan, South Africa or Switzerland.

Neither the content of Redrow's website nor any website accessible by hyperlinks on Redrow's website is incorporated in, or forms part of, this announcement.

J.P. Morgan Cazenove, Merrill Lynch International, HSBC, Lloyds TSB Corporate Markets and RBS Hoare Govett are acting for Redrow and no one else in connection with the Rights Issue and will not regard any other person as a client in relation to the Rights Issue and will not be responsible to anyone other than Redrow for providing the protections afforded to their respective clients or for providing advice in relation to the Rights Issue or any matters referred to in this announcement.

Capitalised terms used but not otherwise defined in this announcement shall have the meaning given to them in the Prospectus published by the Company on 23 September 2009.

This information is provided by RNS The company news service from the London Stock Exchange

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