Polaris Capital Management, LLC has disclosed a 4.07% stake in Bellway PLC, a UK-based homebuilder. The disclosure, made under Rule 8.3 of the Takeover Code, includes the number of relevant securities owned and/or controlled, which amounts to 4,848,312. The disclosure also indicates that Polaris Capital Management, LLC has made purchases of 4,500 securities at a price of 27.2273 per unit. Additionally, the disclosure states that the entity is making disclosures in respect of another party to the offer, Crest Nicholson, PLC.
The disclosure does not include any indemnity or other dealing arrangements, and there are no agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form is attached to the disclosure.
This disclosure provides insight into the ownership and dealings of Polaris Capital Management, LLC in relation to Bellway PLC, offering transparency to the market and stakeholders.