Vanguard Group's Increased Stake in Anglo American Plc

The Vanguard Group, Inc., a major global investment management company, has disclosed an increase in its holdings in Anglo American plc, a leading mining company. As of May 7, 2024, Vanguard reported owning 58,447,103 shares, representing 4.37% of Anglo American's issued share capital, according to the latest Form 8.3 filing. The disclosure is mandated under the UK's Takeover Code, which requires detailed transparency from those holding over 1% in a company involved in a takeover.

In addition to their existing positions, Vanguard executed several transactions, purchasing Anglo American shares at various prices. The largest single purchase involved 31,250 shares at a price of 27.43 GBP per unit. In total, Vanguard's recent acquisitions further align its interests with Anglo American, amidst speculative market movements regarding the company's future.

The document also mentions dealings with another major entity, BHP Group Limited, indicating Vanguard's significant engagement in the materials sector. No derivative transactions were disclosed, and Vanguard stated there were no special indemnity or dealing arrangements influencing their market activities.