abrdn PLC, a significant shareholder in Bellway PLC, has disclosed a 1.80% interest in the relevant securities of Bellway PLC. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that abrdn PLC owns and/or controls 2,143,309 12.5p ordinary shares of Bellway PLC. Additionally, abrdn PLC has made purchases of 127 12.5p ordinary shares at a price of GBP 26.580 per unit.
The disclosure also states that abrdn PLC is making disclosures in respect of another party, Crest Nicholson Holdings PLC. The disclosure does not include any indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
This disclosure provides valuable insight into the ownership and control of relevant securities of Bellway PLC by abrdn PLC, shedding light on their position and dealings in the company's shares. It also highlights their involvement with another party, Crest Nicholson Holdings PLC.