Royal London Asset Management Ltd has disclosed a 1.74% stake in Bellway PLC, representing 2,070,842 relevant securities. The disclosure was made on 14/06/2024. The disclosure also includes information about cash-settled derivatives, stock-settled derivatives, and other dealings. The disclosure is in accordance with Rule 8.3 of the Takeover Code.
The disclosure by Royal London Asset Management Ltd provides key information about their interests and short positions in Bellway PLC. It includes details of the relevant securities owned and/or controlled, as well as the absence of cash-settled derivatives and stock-settled derivatives. The disclosure also mentions that Royal London Asset Management Ltd is making disclosures in respect of another party to the offer, Crest Nicholson Holdings plc.
The disclosure also includes information about 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. It is stated that there are no such agreements, arrangements, or understandings.
This disclosure provides transparency and insight into the ownership and control of relevant securities in Bellway PLC by Royal London Asset Management Ltd. It is an important regulatory requirement that ensures the market is informed about significant ownership positions in publicly traded companies.