Vanguard Group Inc. Discloses Stake in Barratt Developments plc

The Vanguard Group, Inc. has revealed its stake in Barratt Developments plc through a public opening position disclosure. As per the latest data available up to 02 April 2024, The Vanguard Group holds a significant interest in Barratt Developments plc (4.87%) with a total of 47,438,957 shares. This disclosure is mandated under Rule 8.3 of the Takeover Code, pertinent to parties with interests in relevant securities representing 1% or more.

Additionally, Vanguard also disclosed dealings with Redrow plc, suggesting a broader investment strategy within the UK's real estate sector. The report detailed a specific transaction where Vanguard acquired 25,660 shares of Barratt Developments at a price of 4.65 GBP per 10p ordinary share. No other substantial open stock-settled or derivative positions were disclosed, nor were there any reported indemnities, option arrangements, or agreements influencing the disclosed positions.

Such disclosures are critical for the transparency of market transactions and for stakeholders to understand the dynamics involving significant shareholders like The Vanguard Group, Inc. in publicly traded companies.