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, indicates that Legal And General Investment Management (Holdings) Ltd. owns and/or controls 2,302,899 relevant securities of Bellway plc. The disclosure also includes details of recent dealings, with 800 securities sold at GBP 27.08 per unit and 1,948 securities purchased at GBP 27.04 per unit on 17 July 2024.
The disclosure further states that Legal And General Investment Management (Holdings) Ltd. is making disclosures in respect of another party, Crest Nicholson Holdings plc. Additionally, it confirms that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
This disclosure provides insight into the significant stake held by Legal And General Investment Management (Holdings) Ltd. in Bellway plc, a notable development in the company's shareholder landscape. It also offers transparency regarding recent dealings and the absence of certain agreements or arrangements related to the disclosed securities.