Man Group PLC has disclosed its position in Bellway plc, as per Rule 8.3 of the Takeover Code. The disclosure, dated 27/06/2024, reveals that Man Group PLC owns and/or controls 3,373,776 relevant securities of Bellway plc, representing 2.84% of the total. Additionally, they hold cash-settled derivatives amounting to 1,012,340 securities, which is 0.85% of the total. The disclosure also includes stock-settled derivatives and agreements to purchase/sell, bringing the total to 4,386,116 securities, or 3.69% of the total. The disclosure also mentions dealings in cash-settled derivative transactions, including the purchase of 64 securities at prices ranging from 25.448 to 25.449 GBP per unit.
The disclosure further states that there are no indemnity or other dealing arrangements, and no agreements, arrangements, or understandings relating to options or derivatives. The disclosure does not include a Supplemental Form 8 (Open Positions) and was made to a Regulatory Information Service on 28/06/2024. The contact person for the disclosure is Mackenzie Terry, with a telephone number of +442071441555.
This disclosure provides insight into Man Group PLC's significant position in Bellway plc, shedding light on their ownership and control of relevant securities, as well as their derivative transactions. It offers transparency in line with regulatory requirements and contributes to the public's understanding of the dynamics within the companies involved.