The Vanguard Group Discloses Position in Crest Nicholson Holdings

The Vanguard Group, Inc. has published a Form 8.3 disclosure related to its interests in Crest Nicholson Holdings plc. The document, dated July 12, 2024, provides key details on Vanguard's shareholding and transactions in the company.

The disclosure outlines that as of July 11, 2024, Vanguard controls 12,946,084 ordinary shares of Crest Nicholson Holdings, equating to a 5.04% stake. Alongside this, Vanguard has been involved in purchasing additional shares, including a recent acquisition of 14,540 shares at a price of 2.51 GBP per unit.

The document also specifies that there are no open stock-settled derivative positions, rights to subscribe for new securities, or any indemnity or other dealing arrangements in place. Similarly, there are no agreements or understandings related to options or derivatives that affect voting rights or future transactions.

This disclosure is part of the regulatory requirements under Rule 8.3 of the Takeover Code, which mandates the public announcement of substantial shareholdings and dealings in relevant securities of a company subject to a takeover offer.