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 2,300,203 relevant securities of Bellway plc. The disclosure was made on 19 July 2024, and it also mentions that the company is making disclosures in respect of another party, Crest Nicholson Holdings plc.
Additionally, the disclosure includes details of a sale of 2,696 securities of Bellway plc at a price of GBP 27.3 per unit. The disclosure also states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
This disclosure provides insight into Legal & General Investment Management (Holdings) Ltd.'s significant stake in Bellway plc, offering transparency to the market and potential investors. It also indicates the company's involvement with another party, Crest Nicholson Holdings plc, which could be of interest to stakeholders and market participants.