The Vanguard Group, Inc. has disclosed a 5.17% stake in Bellway plc, representing 6,153,587 ordinary shares. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. The disclosure also includes details of a sale of 2,405 ordinary shares at a price of 26.66 GBP per unit. The disclosure does not include any indemnity or option arrangements, and no supplemental form is attached.
The Vanguard Group, Inc. has made this public disclosure to comply with the regulatory requirements. The disclosure provides transparency about the significant stake held in Bellway plc and the recent sale of a portion of the shares. This information is important for investors and market participants to understand the ownership and trading activities related to Bellway plc's securities.
The disclosure indicates The Vanguard Group, Inc.'s continued interest in Bellway plc and its ongoing investment activities in the company's securities. This level of transparency is essential for maintaining market integrity and ensuring fair and informed trading practices. The Vanguard Group, Inc.'s disclosure provides valuable insights into the ownership and trading dynamics surrounding Bellway plc's securities.