The Vanguard Group, Inc. has disclosed a 4.95% stake in Barratt Developments plc. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that The Vanguard Group, Inc. owns and/or controls 48,215,001 relevant securities of Barratt Developments plc. The disclosure was made on 19th August 2024, with the latest practicable date prior to the disclosure being 16th August 2024.
The disclosure also includes details of dealings by The Vanguard Group, Inc. in Barratt Developments plc's securities. This includes the purchase of 224 securities at 5.36 GBP per unit and the purchase of 8,063 securities at 5.40 GBP per unit. The disclosure further states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
The Vanguard Group, Inc.'s disclosure provides transparency about its significant stake in Barratt Developments plc, offering insights into the ownership and control of relevant securities. This information is crucial for investors, analysts, and other stakeholders to understand the dynamics of ownership and trading activities in the company's securities.