Vanguard Group Inc. Discloses Stake in Barratt Developments PLC

The Vanguard Group, Inc. reported a significant ownership position in Barratt Developments plc, according to a recent filing. This disclosure falls under the UK Takeover Code, highlighting stakes in businesses where shareholders own more than 1% of a company's shares. As of 16 April 2024, Vanguard disclosed ownership of 47,474,022 ordinary shares, representing a 4.87% stake in the developer.

The disclosure also noted trading activities involving Barratt's shares. On the disclosed date, Vanguard purchased 1,834 shares at a price of 4.48 GBP per share and sold 2,148 shares at 4.47 GBP each. These transactions reflect Vanguard’s ongoing adjustments to their holdings in Barratt Developments. Additionally, the filing mentioned dealings with another company, Redrow plc, indicating the breadth of Vanguard’s market activities.

This public disclosure underscores the dynamics of investment and ownership among major institutional investors within the UK’s regulated market environment.