Vanguard Discloses Stake in Redrow plc and Recent Transactions

The Vanguard Group, Inc. reported its holdings and recent securities transactions about Redrow plc, reflecting its status as a significant shareholder. As of May 10, 2024, Vanguard owns 13,132,152 shares of Redrow plc’s 10.5p ordinary class, equating to a 3.97% stake in the company. Additionally, recent transactions show a purchase of 1,176 shares at a price of 6.98 GBP per unit.

This disclosure is part of the compliance with Rule 8.3 of the Takeover Code, which requires transparency from any party with an interest exceeding 1% in the securities of companies involved in takeover offers. Besides Redrow plc, Vanguard has also disclosed interest in Barratt Developments plc, indicating its activity in the real estate sector. These actions and disclosures underscore the importance of transparency in securities dealings during significant corporate actions like takeovers.