The Vanguard Group, Inc. Reports Stake in Redrow plc and Barratt Developments plc

The Vanguard Group, Inc. has disclosed its holdings in Redrow plc as part of a mandatory public opening position under Rule 8.3 of the Takeover Code. According to the disclosure dated 11 March 2024, The Vanguard Group holds a total interest in 13,429,059 ordinary shares of Redrow plc, equating to approximately 4.06% of the company's issued share capital. This position reflects the holdings as of 08 March 2024.

In addition to its stake in Redrow plc, The Vanguard Group also disclosed dealings with another party involved in the offer, Barratt Developments plc. However, specific details concerning the nature or extent of its interests or transactions with Barratt Developments were not provided in this disclosure.

The filing also included a record of a sale transaction involving 6,420 shares of Redrow plc at a price of 6.62 GBP per share. Moreover, The Vanguard Group confirmed that there are no agreements, arrangements, or understandings in relation to the voting rights of any relevant securities under any option, or for the future acquisition or disposal of any securities to which any derivative might be referenced.

This disclosure is part of routine regulatory requirements intended to provide transparency during takeover processes and offer-related dealings.