on The Vanguard Group, Inc. (isin : US12572Q1058)
The Vanguard Group, Inc. Announces Stake in Redrow plc
The Vanguard Group, Inc. reported its holdings in Redrow plc, disclosing an ownership interest that exceeds the 1% threshold, in accordance with Rule 8.3 of the Takeover Code. The announcement, made on 12 March 2024, indicates The Vanguard Group's significant position in the home construction company.
As of 11 March 2024, The Vanguard Group has an interest in 13,433,434 ordinary shares of Redrow plc, which represents approximately 4.06% of the company. This stake highlights The Vanguard Group's strategic interest in Redrow plc amidst the dynamics of the real estate market. Additionally, the disclosure mentions recent transactions involving the purchase of 4,375 Redrow plc shares at a price of 6.67 GBP each, further increasing its stake in the company.
The Vanguard Group's declaration also notes its holdings in another company within the sector, Barratt Developments plc, suggesting a broader investment strategy in the housing and construction industry. No agreements, arrangements, or understandings related to the disclosed securities were reported, emphasizing the straightforward nature of the investments.
R. P.
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