Vanguard Group Discloses Stake in Network International Holdings

The Vanguard Group, Inc. has announced its current shareholding in Network International Holdings plc, revealing a significant stake in the company. As per the disclosure, the financial investment giant owns 21,640,908 shares, which translates to a 4.06% interest in the fintech firm. This position was held as of 05 March 2024, showing Vanguard's confidence in Network International Holdings as a valuable investment.

Additionally, the disclosure highlights a sale of 8,970 shares at a price of 3.85 GBP each by The Vanguard Group. Such transactions are part of the routine investment management activities that the Group undertakes on behalf of its clients. Despite this sale, Vanguard's disclosed interest remains substantial, underscoring its continued investment in the company.

The report conforms to Rule 8.3 of the Takeover Code which mandates public disclosure when an entity holds interests in relevant securities amounting to 1% or more. It's an indication of the transparent financial practices followed by The Vanguard Group, Inc. in its dealings. No other dealings in derivatives or other securities related to Network International Holdings were disclosed.