The Vanguard Group, Inc. Discloses Position in Virgin Money UK plc

The Vanguard Group, Inc. has publicly disclosed its holdings in Virgin Money UK plc as required by the Takeover Code's Rule 8.3. According to the disclosure, The Vanguard Group held a total interest of 73,309,589 shares, which represents a significant stake of 5.65% in the company. This position consists entirely of direct holdings without any reported cash or stock-settled derivatives.

The disclosure, dated 03 April 2024, did not report any rights to subscribe for new securities in Virgin Money UK plc. This form of transparency is obligatory for any entity holding interests in relevant securities representing 1% or more of the company's shares, particularly in the context of takeovers and significant financial transactions.

Furthermore, the report included specific dealings by The Vanguard Group on the same day, showcasing purchases in two classifications of Virgin Money UK's shares, including common stocks priced in GBP and CDIs (CHESS Depositary Interests) priced in AUD. Notably, there were no disclosed cash-settled derivative transactions or stock-settled derivative transactions related to these holdings, underlining a straightforward equity position.

No agreements, arrangements, or understandings related to indemnity, options, or derivatives were reported, reaffirming the clear-cut nature of The Vanguard Group's disclosed position in Virgin Money UK plc.