The Vanguard Group Discloses Stake in International Distributions Services PLC

The Vanguard Group, Inc. has disclosed its significant holding in International Distributions Services plc, as per the latest Form 8.3 filing. On April 25, 2024, The Vanguard Group reported owning 34,289,387 shares, which constitutes 3.58% of the company.

This announcement comes in the context of the provisions under Rule 8.3 of the Takeover Code, which necessitates that all persons holding interests in securities amounting to 1% or more must publicly disclose their positions. Additionally, the filing revealed a recent transaction where The Vanguard Group sold 21,336 ordinary shares at a price of 2.75 GBP per unit.

According to the disclosure, there are no indemnity or dealing arrangements in place that could be considered an inducement to deal or refrain from dealing in these securities. It is also noted that no supplemental Form 8 (Open Positions) has been attached to the disclosure.