The Vanguard Group, Inc. reveals its position on Redrow plc

The Vanguard Group, Inc. has issued a Form 8.3 disclosing its position in Redrow plc, in accordance with the Takeover Transactions Code. As of February 23, 2024, The Vanguard Group held 13,416,562 ordinary shares, representing 4.06% of Redrow plc. This level of ownership highlights Vanguard's significant investment in the company.

In addition to Redrow plc, Vanguard has also reported interests in Barratt Developments plc, indicating an investment strategy targeting the property development sector. The recent sale of 4,272 ordinary shares of Redrow at a price of GBP 6.63 per unit highlights the company's trading activities.

The announcement does not mention any compensation arrangements, options, or agreements with other parties that could influence the transactions. The absence of formal or informal arrangements associated with voting rights or future acquisition or disposition of shares suggests a passive holding approach to Vanguard's vested interests.