The Vanguard Group Announces Stake in Barratt Developments PLC

The Vanguard Group, Inc. disclosed its substantial position in Barratt Developments plc, confirming an interest that surpasses the 1% threshold, as outlined under Rule 8.3 of the Takeover Code. On the 15th of March, 2024, Vanguard's holdings in the UK-based homebuilding company stood at 47,487,065 shares, representing 4.87% of Barratt Developments. This disclosure comes amidst the backdrop of ongoing market attention on the real estate sector.

The transaction also covered dealings with Redrow plc, indicating Vanguard’s broader interest in the homebuilding sector. As of the latest report, Vanguard engaged in both purchasing and selling activities involving Barratt Developments' shares, with transactions amounting to 124,363 purchased shares and 202,962 sold shares, all priced at 4.74 GBP each. These moves demonstrate an active management approach to Vanguard's investment in the sector.

No indemnity or dealing arrangements were reported, highlighting the straightforward nature of these transactions. The absence of declared agreements or understandings related to voting rights or derivative positions further clarifies the direct investment stance Vanguard has taken towards Barratt Developments plc.