The Vanguard Group, Inc. Discloses its Position on Barratt Developments plc

The Vanguard Group, Inc. disclosed its financial position in Barratt Developments plc on February 21, 2024. According to the Rule 8.3 of the Takeover Code, the company now holds 4.86% of Barratt Developments' ordinary shares, totaling 47,347,704 shares. This substantial position is the result of recent market activities, including the purchase of 273 shares at a unit price of 4.81 GBP.

This disclosure illustrates Vanguard Group's ongoing commitment to the British market and confirms its investment strategy in construction companies such as Barratt Developments plc. No agreement, arrangement, or understanding regarding voting rights or future securities acquisition has been reported, indicating a passive investment position on Vanguard's part.

The communication by Shawn Acker, Vanguard's representative, highlights the company's transparency regarding its significant positions in other publicly traded companies. The absence of traded derivatives or voting arrangements further reinforces the image of an investment focus on long-term holdings.