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

The Vanguard Group, Inc. has recently disclosed its open position in Redrow plc, in accordance with rule 8.3 of the Takeover Code. As of February 21, 2024, the financial group holds 13,420,834 ordinary shares of Redrow plc, representing 4.06% of the total. This disclosure highlights the significant importance that The Vanguard Group, Inc. places on its stake in the British construction company. It has also been revealed that The Vanguard Group, Inc. has interests in Barratt Developments plc, underscoring the focus of the asset manager on the construction sector in the UK.

In recent transactions, a notable sale of 12,816 shares of Redrow plc was made on February 21, 2024, at a unit price of 6.70 GBP. This transaction signifies a strategic portfolio management activity by The Vanguard Group, Inc. in this particular economic context. However, no other transactions, whether in terms of options or derivatives, have been reported in this recent communication. In its transparency policy, The Vanguard Group, Inc. has confirmed that it does not have any arrangements or agreements outside of these disclosed holdings.