The Vanguard Group Reveals Significant Stake in International Distribution Services plc

The Vanguard Group, Inc. has disclosed its opening position in International Distribution Services plc. According to Form 8.3, this reveals significant interests and positions held by the asset management firm.

As of 23 September 2024, Vanguard holds 35,825,578 ordinary shares, representing a 3.74% stake in International Distribution Services plc. This disclosure is in accordance with Rule 8.3 of the Takeover Code.

The form also indicates a recent purchase of 9,285 ordinary shares at £3.41 per unit on 23 September 2024. No agreements, arrangements, or understandings concerning options or derivatives were reported.

Vanguard states that no indemnity or other formal or informal dealing arrangements are in place. This ensures transparency in its dealings and maintains market integrity.