Citigroup Global Markets Limited, an exempt principal trader, has disclosed public dealing information in relation to Bellway plc, as per Rule 8.5 of the Takeover Code. The dealings were undertaken on July 5, 2024. The disclosed information includes purchases and sales of 12.5p ordinary shares of Bellway plc, with details of the total number of securities, highest and lowest price per unit paid/received, and the nature of the dealing. Additionally, cash-settled derivative transactions and stock-settled derivative transactions were also disclosed.
The disclosed purchases and sales of 12.5p ordinary shares of Bellway plc by Citigroup Global Markets Limited include 3,987 shares purchased at a price range of GBP 27.0000 to GBP 27.4400 per unit and 28,976 shares sold at a price range of GBP 26.7400 to GBP 27.4200 per unit. Furthermore, the disclosed cash-settled derivative transactions include increasing and reducing short positions, with details of the number of reference securities and the price per unit.
The disclosure also includes information about stock-settled derivative transactions, including writing, purchasing, selling, and varying options, along with details of exercise of call options. Notably, no indemnity or other dealing arrangements, or agreements, arrangements, or understandings relating to options or derivatives, were reported in the disclosure.
The disclosure was made on July 8, 2024, and the contact person for the disclosure is Craig Watson, with a provided telephone number. It is important to note that public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and emailed to the Takeover Panel. The Market Surveillance Unit of the Panel is also available for consultation regarding the Code's dealing disclosure requirements.
This disclosure provides insight into the recent trading activity and derivative transactions involving Bellway plc's securities by Citigroup Global Markets Limited, offering transparency to the market and relevant stakeholders.