Legal & General Investment Management (Holdings) Ltd. has disclosed a 1.92% 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 2,288,108 relevant securities of Bellway plc. The disclosure was made on 12 August 2024, with the latest practicable date prior to the disclosure being 09 August 2024.
Additionally, Legal And General Investment Management (Holdings) Ltd. has also made disclosures in respect of another party to the offer, Crest Nicholson Holdings plc. The disclosure includes details of purchases and sales of relevant securities, with 2,573 securities purchased at a price of GBP 27.41 per unit.
The disclosure also states that there are no indemnity and other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no Supplemental Form 8 (Open Positions) is attached to the disclosure.
The contact person for this disclosure is James Brown, with a provided telephone number for further consultation. Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service, and the Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements.
This disclosure provides insight into Legal & General Investment Management (Holdings) Ltd.'s significant stake in Bellway plc and its related dealings, offering transparency to the market and investors.