Baillie Gifford & Co has disclosed a 6.07% stake in Bellway PLC, representing 7,216,962 shares. The disclosure was made on 18th June 2024. Baillie Gifford & Co clarified that they do not have discretion regarding voting decisions and offer acceptance in respect of 1,908,684 shares that are included in the total above. The disclosure was made in accordance with Rule 8.3 of the Takeover Code.
The disclosure did not include any purchases, sales, cash-settled derivative transactions, stock-settled derivative transactions, or other dealings. Additionally, there were no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives disclosed.
This disclosure provides insight into Baillie Gifford & Co's significant stake in Bellway PLC and their position as a key shareholder in the company. It also indicates their compliance with regulatory requirements in making this information public.