The Vanguard Group, Inc. has disclosed a 4.90% 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 47,713,378 relevant securities of Barratt Developments plc. The disclosure was made on 1st July 2024, with a purchase of 8,544 securities at a price of 4.78 GBP per unit.
The disclosure also states that The Vanguard Group, Inc. is making disclosures in respect of another party to the offer, Redrow plc. The disclosure does not include any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing. Additionally, there are no agreements, arrangements, or understandings relating to options or derivatives.
The disclosure does not include a Supplemental Form 8 (Open Positions) and was made to a Regulatory Information Service. The contact person for the disclosure is Shawn Acker, with a provided telephone number for further consultation.
This disclosure provides insight into The Vanguard Group, Inc.'s significant stake in Barratt Developments plc, offering transparency to the market and stakeholders about the ownership and control of relevant securities in the company.