The Vanguard Group Reports Ownership in Virgin Money UK plc

The Vanguard Group, Inc disclosed its ownership stake in Virgin Money UK plc, according to a recent public document dated May 10, 2024. The filing, made under the requirements of Rule 8.3 of the Takeover Code, reveals that as of May 9, 2024, The Vanguard Group controls a significant interest in Virgin Money UK, holding 73,701,839 shares, which accounts for 5.68% of the company's securities.

The document further clarifies that these holdings are in Virgin Money's ordinary shares and CDI, specifying their exact codes. Moreover, it records a transaction involving the sale of 8,595 CDIs at a price of 4.07 AUD per unit. The disclosure fills a mandatory requirement intended for entities possessing over 1% of a company's relevant securities, aimed at ensuring transparency during takeover processes and other significant corporate maneuvers. No agreements, arrangements or understanding related to indemnity or option dealing were reported.