on The Vanguard Group, Inc. (isin : US12572Q1058)
The Vanguard Group, Inc. Announces Position in Redrow plc
The Vanguard Group, Inc. disclosed its holding in Redrow plc, indicating a significant interest in the company's securities. As per the information provided, The Vanguard Group, Inc. holds a stake representing 3.94% of Redrow plc, with 13,040,272 shares owned as of 10 April 2024. This position places The Vanguard Group, Inc. above the 1% threshold for public disclosure under Rule 8.3 of the Takeover Code.
The disclosure, made on 11 April 2024, also mentions dealings in Redrow plc securities, including the purchase of 7,974 shares at a price of 6.43 GBP per share. Alongside Redrow plc, The Vanguard Group, Inc. has disclosed interests in another company involved in the offer, Barratt Developments plc, underlining the breadth of The Vanguard Group's involvement in the sector.
No agreements, arrangements, or understandings related to the voting rights or the future acquisition or disposal of the relevant securities were disclosed, indicating a straightforward investment interest by The Vanguard Group, Inc. This disclosure emphasizes The Vanguard Group's active participation in the market and its significant stake in Redrow plc amidst ongoing developments.
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