BlackRock, Inc. has disclosed its position in Bellway plc, representing 7.02% of the company's 12.5p ordinary shares. The disclosure, made on 17 June 2024, includes the ownership and control of 8,363,370 relevant securities and 450,569 cash-settled derivatives. Additionally, BlackRock has engaged in transactions involving the purchase and sale of Bellway plc's ordinary shares, with details of the number of securities and price per unit provided.
The disclosure also outlines the nature of the dealings, including cash-settled derivative transactions and stock-settled derivative transactions. It further specifies that there are no indemnity and other dealing arrangements or agreements, arrangements, or understandings relating to options or derivatives. The disclosure was made in accordance with Rule 8.3 of the Takeover Code.
This disclosure provides insight into BlackRock's significant interest in Bellway plc and its recent dealings with the company's securities. It offers transparency regarding BlackRock's position and transactions, contributing to a better understanding of the market dynamics surrounding Bellway plc's shares.