The Vanguard Group, Inc. Discloses Position in Crest Nicholson Holdings plc

The Vanguard Group, Inc., a prominent asset management firm, has made a formal disclosure under Rule 8.3 of the Takeover Code regarding its position in Crest Nicholson Holdings plc. This disclosure, dated June 26, 2024, indicates significant holdings in the company.

The filing reveals that Vanguard controls 12,591,462 ordinary shares in Crest Nicholson, representing a 4.90% stake. Additionally, Vanguard has disclosed dealings in Bellway plc related to the offer in question.

Key transactions include the purchase of 33,025 ordinary shares at a price of 2.38 GBP per unit. No other cash-settled or stock-settled derivative transactions were specified in this disclosure, nor were there any indemnity or option arrangements reported.

This consistent transparency by The Vanguard Group underscores its compliance with regulatory standards and provides insight into its strategic investments within the UK market.