The Vanguard Group Discloses Interest in Hargreaves Lansdown

The Vanguard Group, Inc. has disclosed its position in Hargreaves Lansdown plc according to Rule 8.3 of the Takeover Code. As of 13 June 2024, Vanguard reported holding 18,285,132 ordinary shares of 0.4p each, representing a 3.86% interest in the company. There were no cash-settled or stock-settled derivatives positions, nor any other agreements or understandings related to such positions.

No supplemental positions or dealings were reported in other securities of Hargreaves Lansdown. Additionally, there were no indemnity or other dealing arrangements, and no agreements or understandings regarding options or derivatives voting rights. The disclosure was filed on 14 June 2024 by Shawn Acker of The Vanguard Group.

This disclosure signifies Vanguard's notable stake and potential influence in Hargreaves Lansdown, a substantial step given the size of their holding. The lack of derivatives or additional dealings suggests a straightforward equity position without complex financial instruments involved.