Vanguard Group Discloses Stake in Redrow PLC

The Vanguard Group, Inc., a major investment firm, has released a recent disclosure concerning its shareholding in Redrow PLC. According to the disclosure, Vanguard currently holds approximatley 13,057,381 ordinary shares of Redrow PLC, which account for 3.95% of the company's stock.

This declaration follows recent transactions where Vanguard sold 8,456 ordinary shares at a price of 6.36 GBP each. The disclosure forms part of the regulations under Rule 8.3 of the Takeover Code, designed to provide transparency about significant stakes in publicly traded companies during potential takeover periods.

No additional derivatives or financial products linked to these shares were reported, and Vanguard clarified no other indemnities or dealing arrangements exist relating to this interest. This disclosure situates Vanguard as a significant shareholder but underlines their compliance with current regulatory requirements.