on Barratt Developments (isin : GB0000811801)
The Vanguard Group, Inc. announces investment in Barratt Developments plc
The Vanguard Group, Inc. has disclosed a significant position in Barratt Developments plc, pursuant to Form 8.3 of the Takeover Transactions Code, dated February 28, 2024. This announcement comes following a transaction in the securities of Barratt Developments plc carried out on February 27, 2024.
According to the form, The Vanguard Group, Inc. now owns 47,448,402 ordinary shares of Barratt Developments plc, representing 4.87% interest. Additionally, trades were also made in Redrow plc securities, indicating a concerted investment strategy in the UK property market. No subscription rights to new securities or special arrangements linked to these shares have been reported.
The filing also mentions a specific transaction where 34,710 ordinary shares of Barratt Developments plc were acquired at a unit price of GBP 4.70. This move strengthens Vanguard Group, Inc.'s position as a strategic investor in the UK real estate sector.
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