Vanguard Group's New Stake in Virgin Money UK PLC

The Vanguard Group, Inc., a prominent investment firm, disclosed a significant acquisition of shares in Virgin Money UK PLC as of April 25, 2024. According to the disclosure filed under the UK's Takeover Code, Vanguard now controls 73,522,798 shares, representing 5.67% of Virgin Money.

The disclosure form, known as Form 8.3, is mandatory for anyone holding interests in relevant securities exceeding 1%. It was revealed that Vanguard completed a notable transaction by selling 35,544 shares at a price of 2.15 GBP each. This transaction is part of the regular trading activities that help the firm manage its holdings efficiently.

Furthermore, the form confirmed there were no cash-settled derivatives or other stock-settled derivatives like options involved in this trading period. Also, Vanguard stated there were no indemnity, option arrangements, or agreements influencing their dealings. The contact for this disclosure is Shawn Acker, available at 001-610-669-6713 for further information.