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The Vanguard Group Discloses Stake in Barratt Developments

The Vanguard Group, Inc. has publicly disclosed its positions in the securities of Barratt Developments plc. The disclosure was made in accordance with Rule 8.3 of the Takeover Code, which mandates transparency for parties holding a significant interest in relevant securities.

As of 2 July 2024, the Vanguard Group reported owning 47,764,175 ordinary shares, representing 4.90% of Barratt Developments' issued share capital. Additionally, the Vanguard Group has also engaged in transactions involving Redrow plc, another entity relevant to the ongoing dealings.

The disclosure includes a recent purchase of 50,797 ordinary shares at a price of 4.81 GBP per unit. No other new dealing arrangements, indemnities, or derivative agreements were reported, underscoring a straightforward declaration of interests and transactions.

The Vanguard Group’s position highlights its strategic investments in the UK residential property sector, specifically targeting Barratt Developments, a leading housebuilder.

R. E.

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