Vanguard Discloses Ownership Stake in Virgin Money UK plc

The Vanguard Group, Inc. has announced its current holding in Virgin Money UK plc, signifying a stake that surpasses the 1% threshold, as per the latest disclosure requirements under the Takeover Code. The declaration was made public on 15 March 2024, referencing the position held as of 14 March 2024.

According to the details provided, Vanguard now controls 75,239,615 shares, translating to a 5.81% interest in Virgin Money UK plc, across two classes of relevant securities - 10p ordinary shares and CDI. This significant holding represents a noteworthy engagement by Vanguard in the financial institution.

Additionally, a transaction was disclosed involving the purchase of 30,270 CDI shares at a price of 4.05 AUD per unit, emphasizing Vanguard’s ongoing adjustments to their stake in the company. No other financial instruments such as cash-settled derivatives or stock-settled derivatives transactions were reported in this disclosure.

No indemnities, option arrangements, or agreements that could incentivize dealing were reported by Vanguard, underscoring a straightforward investment holding without any underlying conditions that might affect dealing decisions. The disclosure emphasizes Vanguard's transparent reporting practices and adherence to regulatory requirements.