abrdn PLC, a significant shareholder, has disclosed its 1.82% interest in Bellway PLC's relevant securities. The disclosure, made under Rule 8.3 of the Takeover Code, includes the ownership and control of 2,160,694 12.5p ordinary shares. Additionally, abrdn PLC has made sales of 4,752 12.5p ordinary shares at a price of GBP 25.400 per unit. The disclosure also confirms that there are no indemnity or option arrangements in place, and no attachments have been included with the disclosure. The disclosure was made on 2 July 2024, and the contact person for the disclosure is Rebecca Bremner, with a telephone number provided for further inquiries.
This disclosure provides insight into abrdn PLC's significant interest in Bellway PLC's relevant securities, as well as their recent sales activity. It offers transparency in line with regulatory requirements and allows stakeholders to understand the ownership and control of relevant securities by a major shareholder. The absence of indemnity or option arrangements indicates a straightforward and transparent relationship between abrdn PLC and Bellway PLC. This information is crucial for investors, analysts, and other stakeholders to gauge the market activity and interest in Bellway PLC's securities.