Schroders PLC has disclosed its position in Bellway PLC, as per the requirements of Rule 8.3 of the Takeover Code. The disclosure, dated 17th June 2024, reveals that Schroders PLC owns and/or controls 3,085,557 relevant securities of Bellway PLC, representing 2.593% of the total. Additionally, they hold 250,535 cash-settled derivatives, amounting to 0.211% of the total. The disclosure also mentions that Schroders PLC does not have discretion regarding dealing and/or offer acceptance/voting decisions in respect of 611,835 shares included in the total above.
The disclosure does not include any indemnity or other dealing arrangements, and there are no agreements, arrangements, or understandings relating to options or derivatives. No supplemental form is attached to the disclosure.
This disclosure provides insight into Schroders PLC's significant position in Bellway PLC, shedding light on their interests and short positions in the company's relevant securities. It offers transparency in line with regulatory requirements and contributes to the overall market surveillance and disclosure obligations.