The Vanguard Group, Inc. has disclosed a 4.89% stake in Barratt Developments plc. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that The Vanguard Group, Inc. owns and/or controls 47,667,988 relevant securities of Barratt Developments plc. The disclosure was made on 22 May 2024.
The disclosure also includes details of dealings by The Vanguard Group, Inc., including the purchase and sale of 10p ordinary shares. The group purchased 460 securities at 5.00 GBP per unit and sold 3,426 securities at the same price per unit.
The disclosure does not include any indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Additionally, no supplemental form 8 (open positions) is attached to the disclosure.
The Vanguard Group, Inc.'s disclosure provides insight into its significant stake in Barratt Developments plc and its recent dealings with the company's securities. This information is important for investors and market analysts to understand the ownership and trading activities of major institutional investors in the company.