The Vanguard Group, Inc. has disclosed a 4.89% interest in Barratt Developments plc, representing 47,670,440 ordinary shares. The disclosure, made on 10th May 2024, also includes dealings in the relevant securities, with 37,110 shares purchased and 26,391 shares sold at a price of 4.94 GBP per unit. The disclosure does not include any indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. No supplemental form is attached to the disclosure.
The Vanguard Group, Inc. has made this disclosure in accordance with Rule 8.3 of the Takeover Code, which requires public disclosure of a person's interests in relevant securities representing 1% or more. The disclosure provides transparency about the ownership and control of interests and short positions in Barratt Developments plc. The Vanguard Group, Inc. has also indicated that it is making disclosures in respect of another party to the offer, Redrow plc.
This disclosure is an important regulatory requirement that provides transparency and insight into the ownership and control of relevant securities in Barratt Developments plc. It allows investors and the market to understand the positions and dealings of significant shareholders, contributing to a more informed and transparent market.