abrdn PLC, a significant shareholder in Bellway PLC, has disclosed a 1.80% interest in the relevant securities of Bellway PLC. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that abrdn PLC owns and/or controls 2,146,553 12.5p ordinary shares of Bellway PLC. Additionally, abrdn PLC has engaged in the sale of 1,408 12.5p ordinary shares at a price of GBP 27.381 per unit.
The disclosure also reveals that abrdn PLC is making disclosures in respect of another party, Crest Nicholson Holdings PLC. The form further details the absence of indemnity and other dealing arrangements, as well as agreements, arrangements, or understandings relating to options or derivatives.
This disclosure provides valuable insight into the ownership and dealing activities of abrdn PLC in relation to Bellway PLC and Crest Nicholson Holdings PLC. It offers transparency and clarity regarding the positions and rights held by abrdn PLC, contributing to a better understanding of the company's interests in these relevant securities.