Jefferies International Limited, an exempt principal trader, has disclosed its position in Bellway PLC in accordance with Rule 8.5 of the Takeover Code. The disclosure, dated 25th June 2024, reveals that the exempt principal trader holds interests and short positions in the 12.5p ordinary shares of Bellway PLC. The disclosed positions include 7,323 relevant securities owned and/or controlled, as well as cash-settled derivatives totaling 66,277 and stock-settled derivatives amounting to 73,600. The disclosure also includes details of purchases and sales of the 12.5p ordinary shares, with 970 securities each being bought and sold at varying prices.
The disclosure further states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives between the exempt principal trader and any other person. Additionally, no Supplemental Form 8 (Open Positions) is attached to the disclosure.
This disclosure provides insight into the position held by Jefferies International Limited in Bellway PLC, offering transparency in line with regulatory requirements. It outlines the exempt principal trader's interests, short positions, and dealings in the relevant securities of Bellway PLC, contributing to a comprehensive understanding of the market activity surrounding the company.