Vanguard Increases Stake in Barratt Developments

The Vanguard Group, Inc. has disclosed its updated position in Barratt Developments plc, revealing an increase in share ownership to 4.86%, as reported on 28 March 2024. This disclosure, required under Rule 8.3 of the Takeover Code, underscores Vanguard's growing interest in Barratt Developments, a leading development company.

As part of the latest transaction, Vanguard purchased 54,291 ordinary shares at a price of 4.75 GBP per unit on 27 March 2024, marking a notable change in their investment position. The filing with regulatory authorities indicates that Vanguard now controls a total of 47,402,287 Barratt Developments shares.

The financial maneuver comes amidst Vanguard's active dealings in the securities market, concerning both Barratt Developments plc and Redrow plc, highlighting its strategic adjustments in the sector. This move signals confidence in Barratt Developments' potential, aligning with Vanguard's investment strategy.

Additionally, the disclosure reveals there are no indemnity, option arrangements, or any agreements influencing Vanguard's decision-making regarding its stake in Barratt Developments, underscoring the investment's independent strategic nature.