BlackRock, Inc. has notified a major holding in Bellway PLC, a UK issuer, on 14th June 2024. The total voting rights held in the issuer by BlackRock, Inc. amount to 5.5%, with 4.95% from direct voting rights and 0.55% from financial instruments. The financial instruments include securities lending and Contracts for Difference (CFD). The notification includes a detailed chain of controlled undertakings through which the voting rights and financial instruments are effectively held, starting with the ultimate controlling natural person or legal entities, BlackRock, Inc.

The notification provides insight into the extensive network of controlled undertakings through which BlackRock, Inc. holds its voting rights and financial instruments in Bellway PLC. This information is crucial for understanding the complex ownership structure and the significant influence of BlackRock, Inc. on the voting rights of Bellway PLC. It also sheds light on the use of financial instruments such as securities lending and CFDs by BlackRock, Inc. to acquire voting rights in the company.

The notification highlights the substantial position held by BlackRock, Inc. in Bellway PLC, with the detailed breakdown of direct voting rights, indirect voting rights, and voting rights through financial instruments. This level of transparency in reporting major shareholdings is essential for maintaining market integrity and providing investors with a comprehensive view of the ownership landscape within the company. The disclosure also underscores the regulatory requirements for major shareholders to notify the company and the market of significant changes in their holdings.