The Vanguard Group Reports Ownership Stake in Redrow plc

The Vanguard Group, Inc. has disclosed an interest equivalent to 3.91% in Redrow plc, a prominent player in the real estate sector. This position was reported in a filing made public on 27th March 2024, adhering to the Rule 8.3 of the Takeover Code. The interests encompass 12,949,241 ordinary shares of 10.5p each. This move represents a significant stake by the financial giant in the UK-based construction company.

Additionally, The Vanguard Group also reported transactions in Barratt Developments plc, indicating a broader interest in the real estate sector. The filing detailed recent dealings involving the purchase and sale of Redrow plc's shares on 26th March 2024, with purchase transactions accounting for 19,259 ordinary shares at a price of 6.64 GBP each and sales transactions involving 5,984 ordinary shares at the same price. These transactions underscore the dynamic engagement of The Vanguard Group in the market.

The disclosure did not reveal any indemnity or dealing arrangements, agreements, or understandings related to options or derivatives connected to these dealings, stating none were in place. This update comes amid growing attention to real estate investments by institutional investors, highlighting the strategic movements of significant entities like The Vanguard Group in the market landscape.