Vanguard Group Discloses Increased Stake in Barratt Developments plc

The Vanguard Group, Inc. has made a new disclosure on its holding in Barratt Developments plc, revealing an increased stake as per the latest Form 8.3 filed on March 12, 2024. The document, adhering to the Takeover Code's Rule 8.3, indicates that as of March 11, 2024, Vanguard controls a total of 47,545,834 shares, amounting to a 4.88% interest in the UK-based housebuilding company.

Additionally, the disclosure mentioned a specific transaction of purchasing 1,373 Barratt Developments shares at a price of 4.78 GBP per share. The reporting shows Vanguard's ongoing interest and investment activities concerning Barratt Developments, alongside a note on disclosures related to another party, Redrow plc. The disclosure sheds light on the intricate movements and strategic positions held by major investors within the UK's housing sector, without indicating any derivative or option arrangements that might influence these positions further.