The Vanguard Group Discloses Stake in Hargreaves Lansdown plc

The Vanguard Group, Inc. has disclosed a significant position in Hargreaves Lansdown plc, an investment services company. The disclosure was made following Rule 8.3 of the Takeover Code, which mandates public disclosure of positions in relevant securities representing 1% or more.

As of August 22, 2024, Vanguard reported an interest totaling 18,638,426 ordinary shares, equivalent to 3.93% of Hargreaves Lansdown's share capital. The disclosure did not involve any derivative holdings or agreements to purchase or sell additional securities.

The announcement also included details of recent trading activity. Vanguard made a purchase of 6,325 shares at a price of 11.01 GBP per unit, and sales of 6,700 shares at the same price, in addition to another sale of 5,236 shares at 11.02 GBP per unit.

The disclosure confirmed that there were no indemnity or other dealing arrangements in place and no additional agreements related to options or derivatives on the securities in question.