Jefferies International Limited has made a public opening position disclosure and dealing disclosure in relation to Bellway PLC. The disclosure, made under Rule 8.5 of the Takeover Code, includes key information such as the exempt principal trader's name, the offeror/offeree's name, and the date of the position held/dealing undertaken. The disclosure also outlines the exempt principal trader's interests and short positions in the relevant securities of Bellway PLC, including details of any open stock-settled derivative positions and rights to subscribe for new securities.
The disclosure further provides information on any dealings by the exempt principal trader, including purchases and sales of the relevant securities, as well as cash-settled derivative transactions. It also includes details of any indemnity and other dealing arrangements, as well as agreements, arrangements, or understandings relating to options or derivatives.
This disclosure is a regulatory requirement and is aimed at providing transparency in the trading activities related to Bellway PLC. It is important for investors and market participants to be aware of such disclosures as they can impact the trading and valuation of the company's securities. The information provided in the disclosure is in line with the regulatory requirements of the Takeover Code and is intended to ensure fair and transparent trading practices.