Vanguard Group Discloses Stake in Barratt Developments plc

The Vanguard Group, Inc. has announced a significant holding in Barratt Developments plc as detailed in their latest Form 8.3 disclosure. As of May 14, 2024, Vanguard reports ownership of 47,675,485 shares, representing a 4.89% interest in the company. This disclosure aligns with the requirements of Rule 8.3 of the UK Takeover Code, necessitating parties with over 1% interest in the relevant securities to declare their positions during a takeover bid.

In addition to Barratt Developments, Vanguard has disclosed dealings with another entity, Redrow plc, though specific details of this involvement were not provided in the current document. The report also includes a recent transaction involving the purchase of 460 shares of Barratt Developments at a price of 4.96 GBP each. This financial activity underscores the ongoing strategic adjustments Vanguard is making in its investment portfolio related to these firms.

Notably, no indemnity, option arrangements, or agreements related to the securities were disclosed, hinting at a straightforward investment strategy by Vanguard without any undisclosed incentives or arrangements.