Vanguard Group Discloses Position in Redrow plc Amidst Financial Activities

The Vanguard Group, Inc. has made a formal disclosure regarding its current holdings in Redrow plc. As of May 7, 2024, The Vanguard Group holds a total of 13,107,522 shares in the real estate company, accounting for 3.96% of its issued share capital. This disclosure comes in accordance with Rule 8.3 of the Takeover Code, which mandates revelations from any entity holding over 1% of a company undergoing a takeover.

Additionally, in their recent trading activities, Vanguard purchased and sold several batches of shares. They bought 6,468 shares at a price of 6.81 GBP and 5,709 shares at 6.96 GBP. Conversely, they sold 7,955 shares, also at a price of 6.96 GBP. This recent activity underlines Vanguard’s ongoing adjustments in their investment positioning with respect to Redrow plc.

Besides Redrow, Vanguard also disclosed positions in another entity, Barratt Developments plc, elucidating their significant engagements in the real estate sector in the UK amidst current market dynamics.