The Vanguard Group Discloses Major Stake in International Distributions Services plc

The Vanguard Group, Inc. has publicly disclosed its position in International Distributions Services plc, as part of the stringent reporting requirements under Rule 8.3 of the Takeover Code. This disclosure, made on May 23, 2024, reveals a significant holding in the company.

According to the filing, Vanguard holds 34,573,840 ordinary shares with a nominal value of 1p each, representing 3.61% of the company’s total share capital. Additionally, Vanguard executed a purchase of 62,274 shares at a price of 3.28 GBP per share on May 22, 2024.

No positions in cash-settled derivatives or stock-settled derivatives involving the company were declared. The filing also confirms that there are no agreements or arrangements relating to options or derivatives affecting these securities.

The disclosure is key information for stakeholders monitoring significant movements in shareholdings, particularly in the context of potential takeovers and corporate control activities.