Vanguard Group Discloses Ownership in Barratt Developments plc

The Vanguard Group, Inc. has reported its ownership details concerning Barratt Developments plc, as governed by Rule 8.3 of the Takeover Code. As of May 8, 2024, Vanguard holds ownership and control over approximately 47,659,721 shares in Barratt Developments, constituting 4.89% of the company. The group has also disclosed interests in another company, Redrow plc, related to a possible offer scenario.

Additionally, the Vanguard Group conducted transactions involving 18,000 shares of Barratt Developments, purchased at a price of 4.90 GBP each. In the context of this reporting, no stock-settled derivatives or rights to subscribe for new securities have been disclosed. Moreover, there are no indemnity or dealing arrangements that may influence the disclosure practices tied to these dealings.

The financial engagements and positioning announced highlight a significant holding pattern by The Vanguard Group within the UK’s real estate development sector. This information could potentially influence market activities relating to both Barratt Developments and concurrently disclosed dealings in Redrow plc.