Vanguard Group's Recent Stake in UK Commercial Property REIT Limited

The Vanguard Group, Inc. disclosed its position in UK Commercial Property REIT Limited on May 13, 2024. According to the disclosure, Vanguard holds approximately 3.09% of the REIT's outstanding shares, totaling 40,107,700 shares. This open position was established and reported as per the requirements of Rule 8.3 of the Takeover Code, which applies to parties holding interests of 1% or more in relevant securities.

The report detailed a single transaction where Vanguard purchased 3,240 shares at a price of 0.70 GBP per share. Aside from UK Commercial Property REIT Limited, Vanguard also disclosed dealings with another party, Tritax Big Box REIT plc, although specific transaction details were not provided in this notice.

No derivative positions were declared, and Vanguard confirmed no indemnity or dealing arrangements that might influence dealings, as well as no related agreements on options or voting rights. The report stresses transparency and compliance with regulatory requirements in managing significant shareholdings in UK-listed entities.