Vanguard Group Discloses Interests in Redrow and Barratt Developments

On August 8, 2024, The Vanguard Group, Inc. filed Form 8.3, disclosing its interests in Redrow plc. This form follows Rule 8.3 of the Takeover Code, which mandates disclosure for entities holding over 1% of relevant securities.

Vanguard Group owns and controls 14,191,067 shares in Redrow plc, representing 4.29% of the company’s 10.5p ordinary shares. Additionally, the company revealed dealings involving purchases of 1,505 shares and sales of 2,191 shares at £7.35 and £7.36 per share, respectively, as of August 7, 2024.

The disclosure extends to another party involved, Barratt Developments plc. No agreements or arrangements, formal or informal, concerning derivatives or options were reported.

This announcement marks Vanguard's compliance with the regulatory requirements, shining a light on their investment strategies within the real estate sector.