Vanguard Group's Stake in Barratt Developments Plc Disclosed

The Vanguard Group, Inc. has disclosed its position in Barratt Developments plc, affirming a stake of 4.89%, which totals 47,675,025 shares. This disclosure follows the requirements of Rule 8.3 under the Takeover Code, indicating that Vanguard holds interests in securities representing more than 1% of the company.

In a recent trading activity, as per the latest report dated 14 May 2024, Vanguard engaged in buying and selling shares of Barratt Developments. The transactions included the purchase of 17,774 shares and the sale of 13,189 shares, with each transaction priced at 4.92 GBP per 10p ordinary share.

No derivatives were listed either for cash settlement or stock settlement in the latest transactions. The disclosure also noted no indemnity, option arrangements, or agreements influencing dealing decisions concerning the holdings in Barratt Developments plc.

This financial activity is part of broader dealings that also include another related entity, Redrow plc, as mentioned in the disclosure. The dealings highlight Vanguard's ongoing adjustments to its investment portfolio in the UK real estate sector.