Baillie Gifford & Co has disclosed a 6.04% interest in Bellway PLC, representing 7,182,357 shares. The disclosure, made on 27th June 2024, includes the purchase of 11,155 12.5p Ordinary shares at a price of 25.3823 per unit. Baillie Gifford & Co clarified that they do not have discretion regarding voting decisions and offer acceptance in respect of 1,899,008 shares that are included in the total above. The disclosure also stated that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. No supplemental form was attached to the disclosure.
This disclosure provides insight into Baillie Gifford & Co's significant interest in Bellway PLC and their recent purchase of additional shares. It also highlights their transparency in adhering to the regulatory requirements for public disclosures under Rule 8 of the Code. This information may be of interest to investors and market analysts following the activities and positions of major shareholders in Bellway PLC.