Vanguard Discloses Ownership in Virgin Money UK PLC

The Vanguard Group, Inc. announced its latest holdings in Virgin Money UK PLC, as per the regulatory requirements of the Takeover Code. Specifically, the disclosure was made under Rule 8.3, indicating that Vanguard holds interests representing more than 1% of Virgin Money’s shares.

As of 12 April 2024, Vanguard’s holdings in Virgin Money UK PLC include 73,497,793 shares, which constitute 5.67% of the company’s issued share capital. This stake is entirely in the form of direct ownership of ordinary shares, without any involvement in cash-settled derivatives or other stock-settled derivatives.

Additionally, Vanguard reported a recent transaction where it purchased 44,736 shares of Virgin Money at a price of 2.14 GBP per share. No rights to subscribe for new securities were mentioned, nor were there any derivative transactions affecting the reported shareholdings.

The disclosure maintains transparency in dealings by significant shareholders, ensuring compliance with financial regulations. Vanguard has stated no current engagements in derivative contracts or other agreements related to the shares of Virgin Money UK PLC.