The Vanguard Group Discloses Stake in International Distribution Services

On July 10, 2024, The Vanguard Group, Inc. filed a Form 8.3 disclosing its interest in International Distribution Services plc. This filing is in accordance with Rule 8.3 of the Takeover Code, which mandates disclosures from entities holding 1% or more of relevant securities.

Vanguard reported holding 34,867,971 ordinary shares of 1p each. This represents a 3.64% stake in International Distribution Services plc. The disclosure also includes recent transactions, showing purchases of 4,875 and 36,026 shares at prices of 3.31 GBP and 3.32 GBP per unit, respectively.

No cash-settled or stock-settled derivative positions are reported. Additionally, no specific rights to subscribe for new securities have been outlined. Agreements, arrangements, or understandings with other parties regarding options or derivatives are also absent.

The filing underscores transparency and regulatory compliance, reflecting Vanguard's role as a key stakeholder in International Distribution Services plc.