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 47,685,378 relevant securities of Barratt Developments plc. The disclosure was made on 16 May 2024, with the latest practicable date prior to the disclosure being 15 May 2024.
In addition to Barratt Developments plc, The Vanguard Group, Inc. is also making disclosures in respect of another party to the offer, Redrow plc. The disclosure includes details of purchases of 10p ordinary shares of Barratt Developments plc, with 1,596 securities purchased at 5.11 GBP per unit and 8,297 securities purchased at 5.12 GBP per unit.
The disclosure also includes information on the nature of dealing, including purchases and sales, cash-settled derivative transactions, stock-settled derivative transactions, and other dealings, such as subscribing for new securities. The disclosure further states that there are no indemnity or other dealing arrangements, 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 by The Vanguard Group, Inc. provides insight into its significant stake in Barratt Developments plc and its related dealings, as well as its compliance with the disclosure requirements under the Takeover Code.