The Vanguard Group, Inc. Reveals Stake in Barratt Developments plc

The Vanguard Group, Inc. has disclosed a significant interest in Barratt Developments plc, highlighting its position in accordance with Rule 8.3 of the Takeover Code. As of the latest practicable date prior to the disclosure, 03 April 2024, The Vanguard Group owns 47,448,258 shares in Barratt Developments plc, representing a 4.87% interest in the company. This move is part of a wider financial strategy, as The Vanguard Group also made disclosures regarding Redrow plc, indicating a broader interest in the real estate sector.

In recent trading activities, The Vanguard Group has engaged in purchasing Barratt Developments plc shares, with transactions including 8,199 shares at 4.65 GBP and 1,102 shares at 4.66 GBP. These purchases reflect The Vanguard Group's ongoing investment and interest within the UK housing sector. No stock-settled derivatives or indemnity and dealing arrangements were disclosed, indicating a direct investment approach in Barratt Developments plc.

This strategic position by The Vanguard Group underscores its active involvement and confidence in Barratt Developments plc’s market performance and prospects within the real estate industry. As the sector continues to evolve, stakeholders will be watching closely to see how such significant holdings impact market dynamics and future investment strategies.