The Vanguard Group, Inc. Announces Position in Barratt Developments plc

The Vanguard Group, Inc. recently disclosed its position in the share capital of Barratt Developments plc, as per a disclosure notification dated February 22, 2024. The investment group holds 47,348,503 ordinary shares of Barratt Developments, representing a 4.86% stake. This declaration complies with the Takeover Code rules, requiring an individual or entity declaring a stake in a company over 1% to publicly announce their position.

Furthermore, it was reported that The Vanguard Group purchased 799 ordinary shares at a unit price of 4.78 GBP, slightly increasing its ownership in the UK-based company. Alongside Barratt Developments plc, Vanguard also disclosed positions in Redrow plc, indicating an interest in the British real estate sector.

The Vanguard Group, a renowned fund manager, does not hold any subscription rights for new securities in Barratt Developments, nor has it entered into any specific agreements or arrangements regarding the future purchase or sale of the company's shares.