Vanguard Group's Position in Balanced Commercial Property Trust Detailed

The Vanguard Group, Inc. has disclosed its positioning regarding Balanced Commercial Property Trust Limited as mandated under Rule 8.3 of the Takeover Code, related to entities holding interests in securities representing 1% or more. According to the submission dated May 6, 2024, the investment manager reported a significant stake in the property trust.

Vanguard reported controlling 29,169,051 ordinary shares of Balanced Commercial Property Trust, constituting 4.16% of the relevant securities. The document indicated a sale of 3,284 shares on May 3, 2024, at a price of 0.80 GBP per share. No derivatives transactions or complex financial instruments were listed in the disclosure, which also included an absence of any indemnity or other deal-related arrangements.

The communication stipulates no additional involvement in other offers related to the property trust, ensuring compliance with disclosure requirements. This move underscores Vanguard's transparency in its dealing operations and investment activities regarding its substantial holdings in Balanced Commercial Property Trust.