Vanguard Group's Increased Stake in Redrow plc

The Vanguard Group, Inc. has disclosed an updated position in Redrow plc as per the Form 8.3 of the Takeover Code. The disclosure, dated 16 May 2024, reveals that Vanguard now holds 3.98% of Redrow plc through 13,157,837 shares. This marks a notable interaction in the context of ongoing financial moves related to Redrow plc. The disclosure also noted transactions involving the purchase of additional shares at prices of 7.21 GBP and 7.22 GBP.

In addition to Redrow, Vanguard has disclosed positions related to Barratt Developments plc, although specific details were not elaborated in this release. The Group's interaction in the market did not involve any cash-settled derivatives or stock-settled derivative transactions related to Redrow during this period. Moreover, there were no dealings in options or new securities subscriptions, and no indemnity or dealing arrangement disclosures were reported.