Legal & General Investment Management (Holdings) Ltd. has disclosed a 1.93% stake in Bellway plc. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that Legal And General Investment Management (Holdings) Ltd. owns and/or controls 2,301,751 relevant securities of Bellway plc. The disclosure was made on 16 July 2024, and it includes details of purchases and sales of the relevant securities.
The disclosure also indicates that Legal And General Investment Management (Holdings) Ltd. has made sales of 6,154 securities at a price of GBP 26.924019 per unit. Additionally, the disclosure states that the company is making disclosures in respect of another party to the offer, Crest Nicholson Holdings plc.
The disclosure does not include any indemnity or other dealing arrangements, and there are no agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form for open positions is attached to the disclosure.
This public dealing disclosure provides insight into Legal & General Investment Management (Holdings) Ltd.'s significant stake in Bellway plc and its recent transactions involving the relevant securities. It offers transparency regarding the company's interests and short positions in Bellway plc, as well as its involvement with other parties to the offer, such as Crest Nicholson Holdings plc.