Citigroup Global Markets Limited, an exempt principal trader, disclosed its public dealings with Bellway PLC on 21 June 2024. The transactions included purchases and sales of 12.5p ordinary shares, as well as cash-settled derivative transactions. The highest price per unit paid for the shares was GBP 25.7800, while the lowest price per unit paid was GBP 25.4800. Additionally, the trader engaged in reducing long positions and increasing short positions through various cash-settled derivative transactions.
The disclosure also indicated that there were no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives between the exempt principal trader and any other person. The information was disclosed in accordance with Rule 8 of the Takeover Code and was made to a Regulatory Information Service, as well as emailed to the Takeover Panel.
This disclosure provides insight into the recent dealings involving Bellway PLC and Citigroup Global Markets Limited, shedding light on the trading activities and positions taken by the exempt principal trader. It offers transparency and compliance with regulatory requirements, ensuring that relevant information is made available to the public and regulatory authorities.