The Vanguard Group, Inc. Announces Significant Shareholding in Virgin Money UK plc

The Vanguard Group, Inc. disclosed its substantial position in Virgin Money UK plc as of the latest disclosure on 25 March 2024. According to the details provided, the investment management company holds a total of 73,167,997 shares, representing 5.65% of Virgin Money UK plc's issued share capital. This position reflects the interests directly owned and controlled by The Vanguard Group, Inc. in the company.

The disclosure, mandated under Rule 8.3 of the Takeover Code, is significant as it showcases The Vanguard Group, Inc.'s involvement with significant stakes in listed companies. The company's declaration came after a recent transaction where it purchased 4,885 CDIs at a price of 4.11 AUD per unit, demonstrating active engagement in the financial movements within Virgin Money UK plc. Notably, these details underline The Vanguard Group, Inc.'s strategic financial interests within the UK banking sector.

Moreover, the Vanguard Group confirmed that there were no indemnity, option arrangements, or any understanding intended as an inducement to deal or refrain from dealing within the disclosure period. Thus, the investment firm maintains transparency in its significant financial dealings and shareholdings.