Vanguard Group Increases Stake in Currys plc

The Vanguard Group, Inc. disclosed via a Form 8.3 filing that it has adjusted its holdings in Currys plc, showing a significant interest in the company as of 05 March 2024. The filing, aligned with Rule 8.3 of the Takeover Code, revealed that The Vanguard Group now controls a total of 50,052,689 shares, representing a 4.42% stake in the electronics retailer. This position encompasses both direct ownership and potential interests, without reliance on cash-settled derivatives or other financial instruments that might obscure the genuine extent of their investment.

In addition to this, the filing detailed recent transactions by The Vanguard Group in Currys plc securities. Notably, it bought 385,822 shares at a price of £0.66 each and sold 19,600 shares at the same price. These transactions underline the active management approach of The Vanguard Group in optimizing its investment in Currys plc.

The disclosure did not indicate any indemnity or dealing arrangements nor any attachments such as a Supplemental Form 8, suggesting a straightforward increase in Vanguard's stake in the company. This move by The Vanguard Group could signal a robust confidence in Currys plc's performance or strategic direction.