The Vanguard Group, Inc. has disclosed a 5.01% stake in Bellway plc, a significant holding that requires public disclosure under Rule 8.3 of the Takeover Code. The disclosure, made on 27th June 2024, reveals that The Vanguard Group, Inc. owns and/or controls 5,964,254 12.5p ordinary shares of Bellway plc. Additionally, the disclosure includes details of a purchase of 1,023 securities at a price of 25.42 GBP per unit.
The disclosure also indicates that The Vanguard Group, Inc. has not entered into any indemnity or other dealing arrangements, and there are no agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form 8 (open positions) is attached to the disclosure.
This public disclosure provides valuable insight into the significant stake held by The Vanguard Group, Inc. in Bellway plc, shedding light on the ownership and control of relevant securities. It also offers transparency regarding recent dealings in the securities of Bellway plc, contributing to a comprehensive understanding of the company's ownership landscape.