Vanguard Group Increases Stake in Barratt Developments plc

The Vanguard Group, Inc. disclosed, on 07 March 2024, a significant ownership in Barratt Developments plc, under the Rule 8.3 of the Takeover Code. This announcement follows the recent activities by the investor in the UK-based housebuilding company.

As of 06 March 2024, The Vanguard Group reported owning 47,538,145 ordinary shares of Barratt Developments, which accounts for a 4.88% stake in the company. This position indicates Vanguard's continued interest and confidence in Barratt Developments. Notably, the disclosure details a recent transaction where The Vanguard Group purchased an additional 998 ordinary shares at a price of 4.72 GBP per unit, further solidifying its investment in the home construction company.

The Form 8.3 disclosure provides insights into The Vanguard Group’s strategic investment moves and highlights its growing stake in one of the UK's leading housebuilders. This move aligns with Vanguard's history of long-term, value-driven investments, reflecting optimism in Barratt Developments' growth potential.