The Vanguard Group, Inc. Announces its Position in Virgin Money UK plc

The Vanguard Group, Inc. disclosed its significant holding in Virgin Money UK plc on March 14, 2024. The disclosure follows the requirements of the Takeover Code, specifically Rule 8.3, which mandates the public declaration of positions in relevant securities by persons holding interests of 1% or more.

As of March 13, 2024, The Vanguard Group held 75,209,345 shares, representing a 5.80% interest in Virgin Money UK plc. This position is distributed across ordinary shares and CDI, with no involvement in cash-settled or stock-settled derivatives. The detailed holdings embody the significant stake The Vanguard Group maintains in the financial services company, aligning with the strategic investments it commonly pursues in various sectors.

Additionally, the disclosure included a transaction involving the sale of 23,085 ordinary shares at a price of 2.09 GBP each. This transaction further specifies The Vanguard Group's active management of its investment portfolio, including Virgin Money UK plc. The company asserted there were no indemnity, option arrangements, or any agreements influencing its investment decisions, emphasizing the transparency and independence of its operations.

Contact information for further inquiries was provided, naming Shawn Acker as the point of contact and offering a telephone number for direct communication.