The Vanguard Group Discloses Position in International Distribution Services plc

On 12 November 2024, The Vanguard Group, Inc. released a Form 8.3 as part of its disclosure obligations under Rule 8.3 of the Takeover Code. The form reveals Vanguard's interests in International Distribution Services plc, indicating ownership of 3.77% in 1p ordinary shares, totaling 36,129,784 securities. This disclosure is significant due to Vanguard's position surpassing 1% of the relevant securities.

The declaration includes recent transactions involving 1p ordinary shares, with Vanguard purchasing 3,660 shares and selling 5,520 shares at £3.40 per unit. Notably, no cash-settled derivatives or agreements were disclosed, and no supplemental Form 8 was attached, indicating no open positions.

Additionally, no indemnity, option arrangements, or other inducements to deal were reported. The disclosure formally states the absence of agreements or collaborations on voting rights or acquisitions.