Baillie Gifford & Co has disclosed a change in their position in Bellway PLC, a public opening position disclosure under Rule 8.3 of the Takeover Code. The disclosure states that Baillie Gifford & Co owns and/or controls 7,163,980 shares, representing 6.02% of the 12.5p Ordinary shares of Bellway PLC. The disclosure also mentions that Baillie Gifford & Co does not have discretion regarding voting decisions and offer acceptance in respect of 1,888,941 shares that are included in the total above.
Additionally, the disclosure includes details of a sale transaction, where Baillie Gifford & Co sold 4,243 12.5p Ordinary shares at a price of 27.2076 per unit. The disclosure also confirms that there are no indemnity and other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
This disclosure provides insight into Baillie Gifford & Co's current position in Bellway PLC and their recent sale transaction, offering transparency to the market and stakeholders.