The Vanguard Group, Inc. reveals its position in Currys plc

On February 26, 2024, The Vanguard Group, Inc., a global asset manager, announced its substantial position in Currys plc, highlighting increased institutional investor interest in the British electronics retailer. The disclosure, made in accordance with the UK Takeover Code, reveals that The Vanguard owns 49,510,710 ordinary shares in Currys plc, representing a 4.37% stake in the company.

In addition to this significant revelation, a particular transaction came to light where The Vanguard carried out the sale of 15,652 ordinary shares of Currys at a unit price of GBP 0.68. This commercial activity highlights the tactical adjustments adopted by the institution in the management of its investment portfolio.

The information disclosed by The Vanguard Group, Inc. does not mention any involvement in cash settlement derivatives or equity settlement derivative transactions, indicating a direct investment approach in the securities of Currys plc without recourse to complex financial instruments.