Vanguard Group Announces Position in Quanex Building Products Corporation

The Vanguard Group, Inc. disclosed its substantial holding in Quanex Building Products Corporation as per the requirements of Rule 8.3 of the Takeover Code. According to the disclosure, made on April 23, 2024, Vanguard holds an interest amounting to 3,717,873 shares, representing 11.23% of Quanex’s issued share capital.

This disclosure also revealed Vanguard's dealings in relation to another company, Tyman plc, but the specific details of those dealings were not disclosed in this particular report. It's noted that all positions and transactions, whether they are short or long, should be disclosed, according to the regulations guiding public position disclosures under the takeover code.

The information provided shows no involvement in cash-settled derivatives but keeps the option open for future disclosures relating to derivatives and other securities. Such disclosures are crucial for maintaining market transparency, especially in the context of potential takeovers or substantial acquisitions within the stock market.