13th March 2023
REDROW plc
FIRE SAFETY SELF ReMEDIATION TERMS
On 30th 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.
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For further information contact: |
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Redrow plc |
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Matthew Pratt, Group Chief Executive |
01244 527411 |
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Barbara Richmond, Group Finance Director |
01244 527411 |
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Instinctif Partners |
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Tim McCall, Head of Capital Markets |
0207 457 2020/07753 561862 |
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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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