Vanguard Discloses Substantial Position in Quanex Building Products Corporation

The Vanguard Group, Inc. has reported a significant ownership in Quanex Building Products Corporation, holding 3,718,289 shares which represent 11.23% of the company. This disclosure was made as part of a routine public opening position under Rule 8.3 of the Takeover Code.

The detailed reporting, required when interests in relevant securities hit 1% or more, stipulated further activities. Besides, involving detailed ownership of Quanex Building Product's common shares, Vanguard also disclosed dealings with another entity, Tyman plc. The documentation reflects a recent purchase of 416 shares of Quanex Building Products Corporation at a price of 34.75 USD each on 23 April 2024.

No derivative positions were reported. Additionally, there are no agreements or arrangements concerning the voting rights or the future acquisition or disposal of the securities, ensuring a straightforward reporting with no indirect strategies influencing the holdings.