on The Vanguard Group, Inc. (isin : US12572Q1058)
Vanguard Group Increases Stake in Redrow plc
The Vanguard Group, Inc. announced its updated stake in Redrow plc, consisting of 13,140,324 shares representing 3.97% of the company. This detailed in their latest disclosure under the Takeover Code on May 15, 2024. In the recent trading activities, Vanguard made an additional purchase of 7,136 Redrow shares at a price of 7.02 GBP each on May 14, 2024, maintaining their significant interest.
This transaction falls under Rule 8.3 of the Takeover Code, addressing persons with interests in securities representing 1% or more. It has also disclosed dealings in Barratt Developments plc, another listed company, indicating an active portfolio management approach regarding U.K. property development firms. According to the report, there are no dealings in derivatives or other agreements related to Redrow plc by Vanguard as of this latest filing.
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