The Vanguard Group, Inc. Discloses Stake in Redrow PLC

The Vanguard Group, Inc., a prominent global investment management firm, recently disclosed its position in Redrow PLC. The disclosure, as mandated by Rule 8.3 of the Takeover Code, was made on June 19, 2024, and encompasses significant details about Vanguard’s interests in the securities of Redrow PLC.

The disclosure reveals that Vanguard holds 13,403,818 ordinary shares in Redrow, reflecting a 4.05% stake. Additionally, the document specifies a modest purchase of 2,368 ordinary shares at a unit price of 6.72 GBP executed on June 18, 2024.

Notably, Vanguard is also making concurrent disclosures concerning Barratt Developments PLC, another entity involved in the same offer. However, no other agreements, indemnities, or derivative-related arrangements were reported by Vanguard in relation to this position in Redrow PLC.

The disclosure was made public through a regulatory filing, emphasizing the company's compliance with transparency norms stipulated by the Takeover Code. Further transactions or updates will be awaited with interest by market watchers and stakeholders alike.