The Vanguard Group, Inc. Discloses Stake in Redrow plc

The Vanguard Group, Inc. announced a significant holding in Redrow plc, as detailed in a Form 8.3 disclosure published on April 10, 2024. The disclosure reveals The Vanguard Group's interests in Redrow plc, indicating a stake that surpasses the 1% threshold, which mandates official reporting under Rule 8.3 of the Takeover Code.

As per the disclosure, The Vanguard Group now controls 13,032,298 ordinary shares of Redrow plc, equating to a 3.94% interest in the company. This position is the result of recent trading activities, including the purchase of 886 shares at a price of 6.51 GBP each on April 9, 2024. The disclosure does not report any short positions, cash-settled, or stock-settled derivatives related to Redrow plc by The Vanguard Group.

The announcement, made by contact person Shawn Acker, specifies no current agreements, arrangements, or understandings regarding the voting rights or future acquisition or disposal of the relevant securities. The disclosure underscores the dynamism in shareholding positions in the corporate landscape, reflecting investor confidence and market shifts in the real estate sector represented by Redrow plc.