Baillie Gifford & Co has disclosed a 6.03% stake in Bellway PLC, representing 7,177,985 shares. The disclosure was made on 10 July 2024. The company stated that it does not have discretion regarding voting decisions and offer acceptance in respect of 1,898,393 shares that are included in the total above. Additionally, the disclosure includes details of a sale of 298 12.5p Ordinary shares at a price of 25.7195 per unit.
The disclosure also indicates that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form 8 (open positions) is attached to the disclosure.
This disclosure provides insight into Baillie Gifford & Co's significant stake in Bellway PLC and its recent dealings with the company's shares. It offers transparency regarding the company's position and actions in relation to Bellway PLC's securities, as required by Rule 8.3 of the Takeover Code.