Wellington Management Group LLP has disclosed its position in Bellway PLC, a UK-based home construction company. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that Wellington Management Group LLP and/or its affiliates own and/or control 294,758 shares, representing 0.25% of the 12.5p ordinary shares of Bellway PLC. Additionally, the disclosure states that Wellington Management Group LLP has no discretion regarding voting decisions in respect of 40,022 shares included in the total above.
The disclosure also includes details of recent dealings by Wellington Management Group LLP in Bellway PLC's shares. It shows that the company purchased 4,260 shares at a price of 26.4400 GBP per unit and sold 1,373 shares at a price of 26.4114 GBP per unit. The disclosure further indicates that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives between Wellington Management Group LLP and any other person.
This disclosure provides insight into Wellington Management Group LLP's position and recent dealings in Bellway PLC's shares, offering transparency and information to the market and investors. It reflects the ongoing activity and interest of institutional investors in the company, contributing to the overall understanding of the market dynamics and investor sentiment towards Bellway PLC.