Jefferies International Limited has made a public opening position disclosure regarding Bellway PLC. The disclosure, made under Rule 8.5 of the Takeover Code, includes key information such as the exempt principal trader's name, the offeror/offeree's name, and the date of the position held/dealing undertaken. The disclosure also outlines the exempt principal trader's interests and short positions in the relevant securities of Bellway PLC, including details of any open stock-settled derivative positions and rights to subscribe for new securities.
The disclosure reveals that Jefferies International Limited holds 3,145 relevant securities of Bellway PLC, representing 0.002% of the total. Additionally, the exempt principal trader has cash-settled derivatives and stock-settled derivatives, including options, in relation to Bellway PLC. The disclosure also includes details of dealings, such as purchases and sales of 12.5p ordinary shares, along with the highest and lowest price per unit paid/received.
Furthermore, the disclosure provides information on cash-settled derivative transactions and stock-settled derivative transactions, including writing, purchasing, selling, and varying options. It also includes details of any other dealings, such as subscribing for new securities. The disclosure concludes with information on indemnity and other dealing arrangements, as well as agreements, arrangements, or understandings relating to options or derivatives.
The disclosure, dated 26th July 2024, is made in accordance with the Code's disclosure requirements and is an important regulatory filing related to Bellway PLC. It provides insights into the positions and dealings of Jefferies International Limited in relation to Bellway PLC's securities, offering transparency to the market and investors.