The Vanguard Group, Inc. has disclosed a 5.10% stake in Bellway PLC, a significant holding that requires public disclosure under Rule 8.3 of the Takeover Code. The disclosure, made on 18 June 2024, reveals that The Vanguard Group, Inc. owns and/or controls 6,072,246 relevant securities of Bellway PLC. Additionally, the disclosure includes details of purchases of 12.5p ordinary shares, with 5,285 securities purchased at 25.88 GBP per unit and 2,184 securities purchased at 25.91 GBP per unit.
The disclosure also indicates that The Vanguard Group, Inc. is making disclosures in respect of another party to the offer, Crest Nicholson Holdings plc. The disclosure does not include any indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form 8 (open positions) is attached to the disclosure.
This public disclosure by The Vanguard Group, Inc. provides transparency about its significant stake in Bellway PLC, offering valuable insights into the company's ownership and control of relevant securities. It also sheds light on the recent purchases of 12.5p ordinary shares, contributing to a comprehensive understanding of the company's investment activities.