Legal & General Investment Management (Holdings) Ltd. has disclosed a 1.94% stake in Bellway plc. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that Legal And General Investment Management (Holdings) Ltd. owns and/or controls 2,317,648 relevant securities of Bellway plc. The disclosure was made on 26 June 2024, and it includes details of purchases and sales of relevant securities, with 19,599 securities sold at a price of GBP 25.36 per unit.
The disclosure also confirms that Legal And General Investment Management (Holdings) Ltd. is not making disclosures in respect of any other party to the offer, and there are no indemnity or other dealing arrangements in place. Additionally, there are no agreements, arrangements, or understandings relating to options or derivatives.
This public dealing disclosure provides transparency regarding Legal & General Investment Management (Holdings) Ltd.'s stake in Bellway plc, offering insights into the ownership and control of relevant securities. It also aligns with regulatory requirements and ensures that relevant information is available to the market and investors.