The Vanguard Group, Inc. Reports Increased Stake in Network International Holdings plc

The Vanguard Group, Inc., a major global investment management firm, has disclosed an increased ownership stake in Network International Holdings plc. As of 28 March 2024, The Vanguard Group declared an interest of 21,725,053 shares in Network International, representing approximately 4.08% of the company’s shares.

The disclosure was made in compliance with the UK’s Takeover Code, particularly Rule 8.3 which mandates the public revelation of positions and dealings in securities by entities holding at least 1% of a company’s shares. In addition to its direct holdings, The Vanguard Group reported purchasing an additional 23,114 shares at a price of 3.93 GBP per 10p ordinary share. This transaction indicates The Vanguard Group's ongoing investment strategy and confidence in Network International Holdings plc.

In its disclosure, The Vanguard Group provided no indication of any indemnity, option arrangements, or any formal or informal agreements related to voting rights or futures acquisition or disposal of relevant securities, reaffirming a straightforward investment stance.