Vanguard Group, Inc. Discloses Position in Redrow plc Amidst Regulatory Requirements

The Vanguard Group, Inc. has reported a significant holding in Redrow plc, aligning with the disclosure and dealing requirements stipulated by Rule 8.3 of the Takeover Code. As of March 7, 2024, The Vanguard Group's involvement is detailed through their possession and/or control over 13,435,479 shares, which translates to a 4.06% stake in Redrow plc. This disclosure was prompted by the firm's acquisition and dealings in relevant securities surpassing the 1% threshold. Additionally, their engagement in the financial dynamics of Barratt Developments plc was noted, signaling The Vanguard Group's active participation in the sector.

Recent transactions include the sale of 4,415 Redrow plc shares at a price of 6.67 GBP each, indicating The Vanguard Group’s ongoing adjustments to its investment portfolio. The firm underscored the absence of any indemnity or dealing arrangements that might otherwise influence dealings or abstainments therein. This announcement underscores the financial interplay and strategic positioning within the UK’s real estate and development market, marking The Vanguard Group's continued influence and interest in the sector’s investing opportunities.