The Vanguard Group, Inc. Reports Stake in Barratt Developments PLC

The Vanguard Group, Inc., a major investment management company, has disclosed its ownership stake in Barratt Developments PLC, indicating an interest in securities representing more than 1% of the company. As of 08 March 2024, The Vanguard Group holds 47,544,461 shares, amounting to a 4.88% stake in the British housebuilding company.

This disclosure falls under the Rule 8.3 of the Takeover Code, aiming at transparency during takeover bids. The report also mentions dealings with another entity, Redrow PLC, though specifics on this matter remain undisclosed. According to the document, recent acquisitions of Barratt Developments' shares occurred, with the purchase of 6,552 and 987 shares at prices of 4.77 GBP and 4.78 GBP respectively.

No additional rights to subscribe for new securities or any dealings in derivatives have been reported. Furthermore, The Vanguard Group confirms that there are no indemnity or dealing arrangements in place that could influence its investment decisions in Barratt Developments PLC.