Orbis Investment Management Ltd has disclosed a 1.0562% interest in Bellway plc, representing 1,256,692 ordinary shares. The disclosure, made on 5 July 2024, also includes the sale of 43,262 ordinary shares at a price of GBP 26.569 per unit. The disclosure is in accordance with Rule 8.3 of the Takeover Code and provides detailed information about the positions and dealings by Orbis Investment Management Ltd.
The disclosure includes the interests and short positions in the relevant securities of Bellway plc, as well as details of any open stock-settled derivative positions. It also outlines the purchases and sales of the 12.5p ordinary shares, along with the price per unit. The disclosure further states that there are no indemnity and other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
This disclosure provides transparency regarding Orbis Investment Management Ltd's position in Bellway plc, offering insights into their holdings and recent dealings. It is a regulatory requirement under Rule 8 of the Code and is aimed at ensuring transparency and fairness in the market. The disclosure is a crucial aspect of regulatory compliance and provides valuable information for investors and market participants.
The detailed disclosure by Orbis Investment Management Ltd offers a comprehensive overview of their position in Bellway plc, including the number of securities owned and/or controlled, as well as the recent sale of ordinary shares. This information contributes to a transparent and well-informed market, aligning with regulatory standards and requirements.
In conclusion, the disclosure by Orbis Investment Management Ltd regarding their position in Bellway plc provides valuable information for investors and market participants. It fulfills regulatory requirements and contributes to transparency and fairness in the market, offering insights into the holdings and recent dealings of Orbis Investment Management Ltd in relation to Bellway plc.