The Vanguard Group, Inc. Announces Holding in Quanex Building Products Corporation

The Vanguard Group, Inc. disclosed its position in Quanex Building Products Corporation as per the requirements of Rule 8.3 of the Takeover Code. As of 03 May 2024, Vanguard holds an interest of 3,714,784 shares in Quanex, which represents 11.22% of the company's available securities. This position places The Vanguard Group, Inc. as a significant holder in the building products company.

In a recent trading activity documented on the same form, Vanguard executed both purchases and sales of Quanex shares. The transactions involved buying 197 shares and selling 1,014 shares at an equal price of 34.78 USD per unit. These transactions reflect ongoing adjustments in Vanguard's portfolio concerning their stake in Quanex Building Products Corporation.

The disclosure form did not indicate any derivatives or non-equity dealings, and no additional rights to subscribe for new securities were reported. Moreover, The Vanguard Group confirmed there were no indemnity, options arrangements, or agreements influencing their trading decisions, indicating a straightforward equity holding stake in Quanex.