The Vanguard Group, Inc. Discloses Position in Redrow plc

In a recent public disclosure dated April 5, 2024, The Vanguard Group, Inc. announced its open position in Redrow plc. According to the disclosure, The Vanguard Group holds a total of 13,019,315 shares in Redrow plc, which represents 3.94% of the company. This position was held as of April 4, 2024, as per the requirements of Rule 8.3 of the Takeover Code.

The disclosure also noted a transaction involving the purchase of 11,518 shares of Redrow plc at a price of 6.66 GBP per unit, further indicating active involvement in the trading of these securities. In addition to Redrow plc, The Vanguard Group also disclosed positions related to another company, Barratt Developments plc, suggesting a broader interest in the real estate development sector.

There were no stock-settled derivatives or rights to subscribe for new securities disclosed in this announcement. Furthermore, The Vanguard Group confirmed the absence of any indemnity, option arrangements, or agreements relating to the voting rights or future acquisition or disposal of the relevant securities that might serve as an inducement to deal or refrain from dealing in these shares.

The disclosure underscores The Vanguard Group's transparent compliance with the Takeover Code's regulations and provides insights into its investment moves within the UK's real estate sector.