Vanguard Group's Stake in Barratt Developments plc Surfaces in Recent Disclosure

The Vanguard Group, Inc., a prominent investment management company, has disclosed its significant holdings in Barratt Developments plc, a leading UK homebuilder, as of 07 March 2024. This disclosure was made in accordance with the Takeover Code's Rule 8.3, highlighting transactions and positions in relevant securities of companies involved in takeover situations.

According to the Form 8.3 filing, The Vanguard Group now holds 47,536,922 shares in Barratt Developments, translating into a 4.88% interest in the company. This position emerged from the latest transactions, including the purchase of 7,812 shares and the sale of 9,035 shares, each at a price of 4.77 GBP. Besides Barratt Developments, the disclosure also mentions dealings in respect of another party, Redrow plc, indicating a broader strategy in the UK homebuilding sector. The detailed disclosure underscores The Vanguard Group's active engagement in the market and its strategic interest in one of the UK's prominent home constructors.