Baillie Gifford & Co has disclosed a 6.06% interest in Bellway PLC, representing 7,204,666 shares. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that Baillie Gifford & Co does not have discretion regarding voting decisions and offer acceptance in respect of 1,899,008 shares that are included in the total above. The change in the interest of 9,097 shares since the last disclosure on 19th June 2024 is due to the transfer out of a discretionary interest.
Additionally, Baillie Gifford & Co has made sales of Bellway PLC shares, with 2,620 shares sold at a price of 25.7126 per unit and 579 shares sold at a price of 25.009 per unit. The disclosure also states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
This disclosure provides insight into Baillie Gifford & Co's position in Bellway PLC and their recent dealings with the company's shares. It offers transparency regarding their ownership and control of relevant securities, as well as their recent transactions.