The Vanguard Group, Inc. has disclosed a 4.89% interest in Barratt Developments plc, representing 47,667,988 ordinary shares. The disclosure, made under Rule 8.3 of the Takeover Code, includes details of the relevant securities owned and controlled by The Vanguard Group, Inc. as of 22 May 2024. Additionally, the disclosure mentions dealings in Barratt Developments plc's securities, including purchases and sales of 10p ordinary shares at a price of 5.00 GBP per unit.
The disclosure also indicates that The Vanguard Group, Inc. is making disclosures in respect of another party to the offer, Redrow plc. However, no details of these disclosures are provided in the news release. The disclosure does not include any indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives, and no supplemental form is attached.
The news release provides contact information for Shawn Acker, including a telephone number, and states that public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. It also mentions that the Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements.
Overall, the disclosure by The Vanguard Group, Inc. provides insight into its significant interest in Barratt Developments plc and its related dealings, in compliance with the regulatory requirements of the Takeover Code.