The Vanguard Group, Inc. has disclosed a 5.10% stake in Bellway plc, a significant holding that requires public disclosure under Rule 8.3 of the Takeover Code. The disclosure, made on 14 June 2024, reveals that The Vanguard Group, Inc. owns and/or controls 6,064,777 12.5p ordinary shares of Bellway plc. The disclosure also includes information about any cash-settled derivatives and stock-settled derivatives, which are both stated as nil in this case.
The disclosure further clarifies that there are no indemnity or other dealing arrangements, and no agreements, arrangements, or understandings relating to options or derivatives. Additionally, no supplemental form 8 (open positions) is attached to the disclosure.
This public disclosure is in compliance with the regulatory requirements and provides transparency about The Vanguard Group, Inc.'s significant stake in Bellway plc. It offers valuable insights into the ownership and control of relevant securities, ensuring that all interests and short positions are disclosed as per the regulatory guidelines.