The Vanguard Group, Inc. Discloses Stake in Barratt Developments plc

The Vanguard Group, Inc. has publicly disclosed its substantial holding in Barratt Developments plc, following the requirements of Rule 8.3 of the Takeover Code. As of 18 March 2024, The Vanguard Group reports possession of 47,487,433 ordinary shares in Barratt Developments, equating to a 4.87% interest in the company. This disclosure comes amid regulations requiring entities to reveal their stakes in companies where they hold more than 1% of the relevant securities.

In addition to this significant holding, The Vanguard Group also reported a purchase of 368 ordinary shares at a price of 4.71 GBP each. This transaction adds to their substantial interest in the UK-based construction company. The disclosure did not report any dealings in cash-settled or stock-settled derivatives, nor were there any rights to subscribe for new securities mentioned. Moreover, The Vanguard Group confirmed no involvement in any indemnity, option arrangement, or any agreement that might serve as an inducement to deal or refrain from dealing in the securities of Barratt Developments plc.

The call for transparency underpins such disclosures, aimed at providing stakeholders and the market at large with a clear view of significant ownership stakes in publicly traded companies. Shawn Acker has been listed as the contact name for this notice, with a disclosed telephone number for further inquiries.