The Vanguard Group, Inc. Discloses Position in Virgin Money UK plc

In a recent filing, The Vanguard Group, Inc. revealed its significant shareholding in Virgin Money UK plc, as per Form 8.3 announced on April 8, 2024. The financial powerhouse disclosed a substantial interest in the banking firm, owning 73,421,541 shares, which translates to a 5.66% holding in the company. This disclosure aligns with the requirements of Rule 8.3 of the Takeover Code, mandating the revelation of interests in relevant securities amounting to 1% or more.

The document detailed transactions involving Virgin Money UK plc shares, including purchases of 50,802 ordinary shares at 2.16 GBP each and 7,856 CDIs at 4.11 AUD, alongside the sale of 5,892 CDIs at the same price. These dealings underscore The Vanguard Group's active engagement in the market, reflecting its investment strategies and market movements.

No indemnities, option arrangements, or agreements influencing the disclosed position were reported, highlighting the transparency and compliance of The Vanguard Group's operations with regulatory frameworks. This development presents an insight into the investment firm's portfolio management and its position within the financial landscape.