The Vanguard Group, Inc. has disclosed a 4.91% interest in Barratt Developments plc, representing 47,877,705 ordinary shares. The disclosure, made on 15th July 2024, includes details of purchases of 10p ordinary shares at prices of 4.96 GBP and 4.98 GBP per unit. The disclosure also confirms that there are no indemnity or option arrangements related to relevant securities, and no supplemental form is attached.
The disclosure is 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 Vanguard Group, Inc. has also indicated that it is making disclosures in respect of another party to the offer, Redrow plc.
This disclosure provides valuable information about The Vanguard Group, Inc.'s significant interest in Barratt Developments plc, shedding light on its position and dealings with the company's securities. It offers insights into the investment activities and strategies of The Vanguard Group, Inc. and its involvement in the relevant securities market.