Vanguard Discloses Stake in Virgin Money UK as per Takeover Panel Requirements

The Vanguard Group, Inc. has released a disclosure statement under Form 8.3, adhering to the Takeover Code's Rule 8.3. The statement announces that as of April 15, 2024, Vanguard holds a significant interest in Virgin Money UK plc, possessing 73,483,082 ordinary shares, representing 5.67% of the company's issued share capital. This position places Vanguard above the 1% interest threshold that mandates public disclosure of ownership in UK-listed companies undergoing takeover considerations.

In addition to their substantial ordinary shares holdings, the document details some minor trading activity by Vanguard with Virgin Money UK's shares on a previous date. Specifically, the firm purchased 7,454 shares at 2.14 GBP per unit and sold 22,165 shares at 2.13 GBP. The disclosure did not note any involvement in cash-settled derivatives or other financial instruments related to these securities.

Vanguard's report affirms no further securities of interests or short positions in other entities associated with Virgin Money UK plc that would necessitate additional disclosures. Furthermore, there are no indemnity or dealing arrangements noted in the relationship to these holdings, keeping the dealings straightforward and transparent based on regulatory standards.