Vanguard Increases Stake in Barratt Developments plc

The Vanguard Group, Inc. has announced an updated stake in Barratt Developments plc, as detailed in their latest Form 8.3 filing dated May 3, 2024. According to the disclosure, Vanguard now controls approximately 4.88% of Barratt's shares. This position reflects ownership of 47,521,528 ordinary shares in the UK-based homebuilding company.

The filing also records recent purchase transactions where Vanguard acquired additional Barratt shares. Specifically, on the prior day, Vanguard purchased 878 shares at a price of 4.60 GBP per unit and 6,188 shares at 4.62 GBP. These transactions follow the rules of the Takeover Code, which regulates public takeovers and mergers.

No new derivatives or stock-settled positions were reported in the filing. Also noted was the absence of any indemnities, option arrangements or agreements related to the dealings that might serve as an inducement to deal or refrain from dealings as per the stipulated regulations. Vanguard also acknowledged that no supplemental form concerning open stock-settled derivative positions had been attached to their disclosure.