Vanguard Group Discloses Position in Barratt Developments PLC

The Vanguard Group, Inc. announced their public opening position in Barratt Developments plc, holding an interest amounting to 4.87% of the company's shares. This disclosure, dated April 15, 2024, complies with Rule 8.3 of the Takeover Code. In a detailed Form 8.3 released on April 16, Vanguard states its total control over 47,474,336 shares. The form also covers Vanguard's transactions in Barratt Development's shares, including purchases of 10,065 shares and the sale of 3,720 shares, reflecting a dynamic engagement in the market on that date.

Additionally, Vanguard disclosed dealings with another entity, Redrow plc, underlining the investment firm’s active participation in the market. No rights to subscribe for new securities were noted, and there were no cash-settled or stock-settled derivatives mentioned beyond the straightforward purchases and sales of ordinary shares. Notably, Vanguard reported no indemnity, option arrangements, or agreements relating to Barratt Developments' relevant securities, affirming the straightforward nature of their current investment position.