Vanguard Group Increases Stake in International Distribution Services

The Vanguard Group, Inc. disclosed a significant increase in their holdings in International Distribution Services plc. As per the latest filings, Vanguard now owns 34,458,053 shares, representing 3.60% of the company. This disclosure was part of a mandatory announcement under Rule 8.3 of the Takeover Code, considering Vanguard's interest exceeds 1% of the relevant securities.

The disclosure, dated 16 May 2024, includes a recent purchase of 31,472 shares at a price of 3.22 GBP per unit. This transaction forms part of the broader financial activities involving the 1p ordinary shares of International Distribution Services. Notably, no derivative transactions were reported in this disclosure.