Vanguard Group Public Disclosure Reveals Stake in Redrow plc

The Vanguard Group, Inc. has disclosed its substantial holding in Redrow plc, through a public opening position disclosure affiliated with the Takeover Code's Rule 8.3. As of April 15, 2024, Vanguard has reported a 3.94% interest in Redrow, equating to 13,047,415 ordinary shares. This ownership asserts Vanguard's significant involvement with securities surpassing the 1% threshold, warranting mandatory disclosure.

In addition to Redrow, the filing also references dealings with Barratt Developments plc, suggesting Vanguard's expanded interests in the real estate sector. The dealings reported include both purchases and sales of Redrow shares, with recent transactions encompassing 1,774 shares purchased at 6.49 GBP each, and 5,275 shares sold at 6.46 GBP per unit, indicative of active trading strategies.

The disclosure provides no evidence of indemnity, option arrangements, or other agreements related to the trading of these shares, reflecting Vanguard's straightforward financial involvement without any attached complexities or conditionals regarding these holdings.