The Vanguard Group, Inc. Discloses Position in Redrow plc

The Vanguard Group, Inc. has publicly announced its current holdings in Redrow plc, unveiling a significant stake in the company as of 27 March 2024. According to the disclosure complying with Rule 8.3 of the Takeover Code, The Vanguard Group now owns a total of 13,003,537 ordinary shares, representing approximately 3.93% of Redrow plc.

This public opening position disclosure highlights not only The Vanguard Group's substantial interest in Redrow plc but also its engagement in a recent purchase of 54,296 ordinary shares at a price of £6.68 per unit. The transaction underlines the financial institution’s ongoing investment activities and its confident positioning within the market.

Furthermore, the disclosure mentioned an interest in another entity involved in the offer, Barratt Developments plc, though specific details of the positions or transactions were not provided. This move indicates The Vanguard Group's broader strategy in engaging with key players within the sector.

Additionally, it was noted that there are no indemnity or dealing arrangements in place that could influence the disclosed positions, asserting a transparent and straightforward investment stance by The Vanguard Group.