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

On July 25, 2024, The Vanguard Group, Inc. filed a Form 8.3 regarding its position in Crest Nicholson Holdings plc. The disclosure, a requirement under Rule 8.3 of the Takeover Code, reveals that Vanguard holds a significant interest in Crest Nicholson.

The report details that The Vanguard Group, Inc. owns 13,072,155 ordinary shares, representing 5.09% of Crest Nicholson's relevant securities. Additionally, the filing date for this position was July 24, 2024.

The disclosure also notes dealings involving the purchase of 5p ordinary shares at a price of 2.54 GBP per unit. However, there are no agreements, arrangements, or understandings related to options or derivatives indicated in the filing.

Moreover, The Vanguard Group, Inc. confirmed that it has no indemnity or other dealing arrangements in place with regard to Crest Nicholson’s securities, nor any open stock-settled derivative positions.

This filing adds context to Vanguard’s strategy and interests within the UK real estate sector, specifically highlighting its significant stake in Crest Nicholson Holdings plc.