Vanguard Group Increases Stake in Barratt Developments plc

The Vanguard Group, Inc. has reported an increase in its stake in Barratt Developments plc, according to a recent regulatory filing. As of April 12, 2024, Vanguard holds a total of 47,467,991 shares, representing 4.87% of the company. This disclosure was made under the rules laid out by the Takeover Code, specifically Rule 8.3, which pertains to entities with interests in relevant securities of 1% or more.

The filing also mentioned a transaction involving the purchase of 1,485 shares at a price of 4.60 GBP per unit. In addition to Barratt Developments, Vanguard has disclosed dealings concerning another entity, Redrow plc. The document emphasizes that all interests and positions, regardless of nature, must be disclosed under the terms of the Takeover Code.

No further details on derivatives or other indirect forms of dealing were reported in the disclosure. The Vanguard Group also confirmed that there are no indemnity or dealing arrangements in place that would influence their dealings in these securities.