Polaris Capital Management, LLC has disclosed a 4.07% stake in Bellway PLC, a UK-based homebuilder. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. The disclosure includes details of the relevant securities owned and controlled by Polaris Capital Management, LLC, as well as any dealings undertaken. The disclosure also mentions that Polaris Capital Management, LLC is making disclosures in respect of another party to the offer, Crest Nicholson, PLC.
The disclosure reveals that Polaris Capital Management, LLC owns and/or controls 4,843,812 relevant securities of Bellway PLC. Additionally, it details a sale of 114,008 securities at a price of 25.7720 per unit. The disclosure also includes information about cash-settled derivative transactions and stock-settled derivative transactions, providing a comprehensive overview of the dealings undertaken by Polaris Capital Management, LLC.
Furthermore, the disclosure states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives between Polaris Capital Management, LLC and any other person. It also confirms that no Supplemental Form 8 (Open Positions) is attached to the disclosure.
This disclosure provides valuable insight into the ownership and dealings of Polaris Capital Management, LLC in relation to Bellway PLC, offering transparency and compliance with regulatory requirements.