The Vanguard Group, Inc. has disclosed a 5.11% stake in Bellway PLC. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that The Vanguard Group, Inc. owns and/or controls 6,074,324 relevant securities of Bellway PLC. The disclosure also includes details of recent dealings, with purchases of 796 securities at 26.98 GBP per unit and 4,308 securities at 27.30 GBP per unit.
The disclosure does not include any indemnity or other dealing arrangements, and there are no agreements, arrangements, or understandings relating to options or derivatives. The disclosure was made on 23 July 2024 and was not accompanied by a Supplemental Form 8 (Open Positions).
This disclosure provides insight into The Vanguard Group, Inc.'s significant stake in Bellway PLC, indicating its confidence in the company's future prospects. It also offers transparency to the market and other stakeholders regarding the ownership and control of relevant securities in Bellway PLC by The Vanguard Group, Inc.