The Vanguard Group, Inc. has disclosed a 4.92% 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 47,937,953 relevant securities of Barratt Developments plc. The disclosure was made on 26th July 2024, with the latest practicable date prior to the disclosure being 25th July 2024.
The disclosure also includes details of a purchase of 1,743 securities at a price of 5.09 GBP per unit. Additionally, it states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
The Vanguard Group, Inc. has made this disclosure in accordance with the Code's disclosure requirements. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
This disclosure provides insight into The Vanguard Group, Inc.'s significant stake in Barratt Developments plc, offering transparency to the market and stakeholders.