The Vanguard Group, Inc. Announces Stake in Redrow plc

The Vanguard Group, Inc. disclosed its ownership in Redrow plc, revealing a significant position in the company as of 28 March 2024. According to the public opening position disclosure required under Rule 8.3 of the Takeover Code, The Vanguard Group now holds 3.93% of Redrow plc’s shares, equivalent to 13,005,295 ordinary shares with a nominal value of 10.5p each. This announcement underscores the investment firm's interest in the UK-based housebuilding sector.

The disclosure also mentioned a transaction involving the purchase of 1,758 Redrow shares at a price of 6.64 GBP per share. Besides its interest in Redrow plc, The Vanguard Group reported disclosures concerning another party to the offer, Barratt Developments plc, indicating a broader strategy in the residential construction market.

No agreements, arrangements, or understanding related to the voting rights of the relevant securities or their future acquisition or disposal were disclosed, suggesting that The Vanguard Group’s investment remains purely financial. The contact for this announcement is Shawn Acker, available at the provided telephone number, further emphasizing the group's transparency in its investment activities.