The Vanguard Group Discloses Position in TI Fluid Systems

The Vanguard Group, Inc. has released a Form 8.3, detailing its current stake in TI Fluid Systems plc. According to the disclosure dated January 27, 2025, Vanguard holds 19,699,422 of the 1p ordinary shares, representing a 3.97% interest. This places Vanguard above the 1% threshold required for disclosure under the Takeover Code. The position was held as of January 24, 2025.

The disclosure also notes a recent sale transaction of 21,120 shares at a price of 1.94 GBP per unit. While no cash-settled derivatives are mentioned, the lack of ongoing stock-settled derivative positions and additional agreements highlights a straightforward ownership structure.

No indemnity arrangements or other dealing agreements related to the relevant securities are reported, indicating no immediate plans for significant strategic changes. The declaration underpins Vanguard's role as a passive institutional investor in TI Fluid Systems.