Citigroup Global Markets Limited has disclosed its public dealing activities in relation to Bellway plc, as per Rule 8.5 of the Takeover Code. The dealings were undertaken on June 26, 2024. The disclosed transactions include 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. Additionally, cash-settled derivative transactions and stock-settled derivative transactions were also disclosed.
In the disclosed purchases and sales, Citigroup Global Markets Limited purchased 50,831 12.5p ordinary shares at a price range of GBP 25.3200 to GBP 25.4200 per unit and sold 33,099 12.5p ordinary shares at a price range of GBP 25.3600 to GBP 25.3800 per unit. Furthermore, the disclosure includes cash-settled derivative transactions, specifically opening short positions for 12.5p ordinary shares, with details of the number of reference securities and price per unit.
The disclosure also covers stock-settled derivative transactions, including writing, purchasing, selling, or varying options, and exercising or being exercised against options. Notably, the disclosure mentions that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
The disclosure was made on June 27, 2024, and the contact person for the disclosure is Craig Watson, with a provided telephone number. It is noted that public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and emailed to the Takeover Panel.
This disclosure provides transparency regarding the trading activities of Citigroup Global Markets Limited in relation to Bellway plc, in accordance with the regulatory requirements of the Takeover Code.