BlackRock, Inc. has notified Bellway PLC of an acquisition of voting rights, crossing the threshold on July 8, 2024. BlackRock, Inc. now holds 5.59% of voting rights in Bellway PLC, with 5.01% from direct voting rights and 0.58% from financial instruments. This amounts to a total of 6,651,586 voting rights held in the issuer. The previous notification indicated a total of 5.5% voting rights, showing an increase in BlackRock, Inc.'s holdings.
The notification also details the breakdown of voting rights and financial instruments held by BlackRock, Inc. and its controlled undertakings. BlackRock, Inc. holds voting rights through various entities, including BlackRock Holdco 2, Inc., BlackRock Financial Management, Inc., BlackRock International Holdings, Inc., and others. The notification provides a comprehensive overview of the chain of controlled undertakings through which the voting rights and financial instruments are effectively held.
This notification is in compliance with the standard form for the notification of major holdings, providing transparency regarding significant changes in voting rights within Bellway PLC. The information presented in the notification offers insight into the distribution of voting rights and the entities involved in the acquisition of these rights. It serves as a regulatory requirement for transparency and disclosure of major shareholdings, ensuring that stakeholders are informed about significant changes in the ownership structure of Bellway PLC.