The Vanguard Group, Inc. Discloses Interests in Forward Industries Inc.

The Vanguard Group, Inc., a leading investment management firm, has filed a Form 8.3 with the Irish Takeover Panel regarding its interests in Forward Industries Inc. The disclosure highlights Vanguard's significant stake of 4.77% in Forward Industries, amounting to 3,521,026 ordinary shares valued at $0.01 per share. This declaration follows the company's recent trading activities, including the purchase of 1,231 shares and the sale of 12,980 shares, both at a unit price of $4.01.

This filing, as per Rule 8.3 of the Irish Takeover Panel Act 1997, requires entities with more than 1% interest in relevant securities to disclose their positions. No other agreements, understandings, or derivative positions related to this interest were reported by Vanguard. Additionally, no supplemental Form 8 was attached, signaling a straightforward disclosure of their current holdings without any complicating agreements or future dealings.