Vanguard Group Reports Position in Virgin Money UK plc

The Vanguard Group, Inc. disclosed a significant position in Virgin Money UK plc, according to a recent filing. As of April 30, 2024, the investment giant held a total of 73,651,188 shares, representing 5.68% of the company. These holdings place The Vanguard Group among the largest shareholders of Virgin Money. This announcement was made in a filing released on May 1, 2024, which provides insights into Vanguard’s strategies and market movements.

In the details of recent transactions, The Vanguard Group bought 82,932 shares of Virgin Money at a price of GBP 2.14 per unit. This purchase underscores the active management approach of Vanguard in adjusting its positions in key stock holdings. The reported dealings are part of routine investment adjustments reflecting the firm's assessment of market conditions and portfolio objectives.

No additional rights to purchase new securities or derivatives transactions were disclosed in this specific report. Also, Vanguard confirmed that there are no indemnity or dealing arrangements associated with this holding that could influence their investment decisions. This regular transparency is expected to maintain investor confidence and ensures compliance with the Takeover Code governing financial disclosures.