Vanguard Group Increases Stake in Barratt Developments plc

The Vanguard Group, Inc. has disclosed its latest dealings in Barratt Developments plc securities, revealing an ownership stake of 4.88%, comprising 47,563,678 ordinary shares. This update, provided under the regulatory framework of Rule 8.3 of the Takeover Code, is part of a routine public opening position disclosure that documents the dealings by entities holding interests in relevant securities of 1% or more.

The disclosure, dated 14 March 2024, also mentions that Vanguard's dealings include the purchase of 8,008 Barratt Developments' securities at a price of 4.74 GBP per unit, showing increased investment activity by the group in this entity. Aside from Barratt Developments, The Vanguard Group is also making disclosures for another party in the offer, Redrow plc, suggesting its broad engagement in the real estate development sector.

The information does not detail any derivatives or rights to subscribe for new securities but specifies that there are no agreements, arrangements, or understandings relating to indemnity, options, or other dealing arrangements that could be an inducement to dealing.

This announcement underscores The Vanguard Group's significant interest in Barratt Developments plc and its broader investment strategy within the real estate market, marking a key point of interest for investors and market watchers alike.