The Vanguard Group Discloses Stake in Quanex Building Products Corporation

On 19 July 2024, The Vanguard Group, Inc. filed a Form 8.3 disclosure revealing its position in Quanex Building Products Corporation. According to the disclosure, Vanguard holds 3,704,728 shares, representing 11.19% of the common stock of Quanex.

The filing follows Rule 8.3 of the Takeover Code, which mandates disclosure by any person who has an interest in 1% or more of a company's relevant securities. The disclosed position is as of 18 July 2024.

The documents also show other dealings. Notably, Vanguard purchased 4,694 shares at 30.81 USD each and sold 260 shares at the same price. There are no cash-settled or stock-settled derivatives reported, indicating a straightforward equity position.

Additionally, Vanguard is making disclosures concerning Tyman plc, but details on this were not provided in the current form. The release confirms no other agreements or indemnities related to the securities involved.