Citigroup Global Markets Limited, an exempt principal trader, has disclosed public dealing information in relation to Bellway plc, as per Rule 8.5 of the Takeover Code. The dealings were undertaken on July 31, 2024. The disclosed information includes purchases and sales of 12.5p ordinary shares of Bellway plc, with details of the total number of securities, highest and lowest price per unit paid/received, and cash-settled derivative transactions. The disclosed dealings also include stock-settled derivative transactions and other information.
In terms of purchases and sales, Citigroup Global Markets Limited purchased 2,238 12.5p ordinary shares at a highest price per unit of GBP 28.8800 and lowest price per unit of GBP 28.6600. Additionally, they sold 909 12.5p ordinary shares at a highest price per unit of GBP 28.8590 and lowest price per unit of GBP 28.7433. Furthermore, the disclosed cash-settled derivative transactions involved an increasing short position with 1,329 reference securities at a price per unit of GBP 28.6600.
The disclosure also includes information on stock-settled derivative transactions, including writing, purchasing, selling, and varying options. Moreover, the disclosure provides details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities, which may be an inducement to deal or refrain from dealing. In this case, there are no such agreements, arrangements, or understandings.
The disclosure concludes with the date of disclosure, contact name, and telephone number. It also emphasizes the requirement for public disclosures under Rule 8 of the Code to be made to a Regulatory Information Service and emailed to the Takeover Panel. Additionally, it provides contact information for the Panel's Market Surveillance Unit for consultation regarding the Code's dealing disclosure requirements.
This disclosure provides a comprehensive overview of the trading activity by Citigroup Global Markets Limited in relation to Bellway plc, as per the requirements of the Takeover Code.