The Vanguard Group, Inc. Discloses Position in Network International Holdings PLC

On 18 March 2024, The Vanguard Group, Inc. announced its disclosure form 8.3, revealing interest in Network International Holdings PLC. This disclosure comes in accordance with Rule 8.3 of the Takeover Code, indicating that The Vanguard Group now holds a stake representing 1% or more in the company's relevant securities. As of 15 March 2024, The Vanguard Group specifically reported an ownership and/or control over 21,669,836 ordinary shares, which amounts to approximately 4.07% of the company's shares.

Additionally, the document included transaction details involving both purchases and sales of Network International Holdings's ordinary shares. Notably, The Vanguard Group purchased 48,859 shares and sold 201 shares at a price of 3.86 GBP each. This transaction signifies active engagement and adjustments in The Vanguard Group’s holding in Network International Holdings. There were no stock-settled derivatives or rights to subscribe for new securities reported in the disclosure.

The form further stated that no indemnity or other dealing arrangements related to the offer were in place. This ensures transparency and compliance with the regulatory requirements surrounding disclosures of significant stakes in public companies. The absence of supplemental forms indicates no open positions in stock-settled derivative transactions concerning Network International Holdings by The Vanguard Group.