The Vanguard Group, Inc. Announces Stake in Redrow plc

The Vanguard Group, Inc. has filed a disclosure under Rule 8.3 of the Takeover Code, revealing a significant position in the securities of Redrow plc. The disclosure, dated 10 July 2024, indicates that Vanguard holds 13,752,478 ordinary shares, representing 4.16% of Redrow's issued share capital.

In addition to its interest in Redrow, Vanguard has also disclosed positions related to Barratt Developments plc. The recent disclosure dates are based on positions held and transactions made up until 09 July 2024.

The transactions disclosed include purchases of Redrow's 10.5p ordinary shares, with 28,603 shares purchased at 6.96 GBP per unit and an additional 33,920 shares at 6.98 GBP per unit. No cash-settled or stock-settled derivatives are reported in the disclosure.

No agreements, arrangements, or understandings with other parties concerning voting rights or future acquisitions/disposals of the relevant securities have been reported. Additionally, there are no indemnity or option arrangements related to the relevant securities.

This disclosure affirms Vanguard's active engagement and interest in the securities of Redrow plc, as well as its stake in Barratt Developments plc.