Legal & General Investment Management (Holdings) Ltd. has disclosed a 1.92% stake in Bellway plc, a significant homebuilder in the UK. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. Legal & General Investment Management (Holdings) Ltd. revealed that they own 2,285,535 relevant securities of Bellway plc, representing the 1.92% stake. This includes a recent purchase of 1,956 securities at a price of GBP 26.64 per unit.
The disclosure also mentioned that there were no cash-settled derivative transactions or stock-settled derivative transactions related to Bellway plc. Additionally, there were no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives disclosed in connection with Bellway plc.
This disclosure provides insight into the significant stake held by Legal & General Investment Management (Holdings) Ltd. in Bellway plc, indicating their interest and investment in the company. It also offers transparency regarding their recent purchase of securities in Bellway plc. This information can be valuable for investors and market analysts tracking the activities and interests of major stakeholders in Bellway plc.