Threadneedle Asset Management Holdings Ltd, on behalf of affiliate companies, has disclosed a 6.39% interest in Bellway Plc. The disclosure, made under Rule 8.3 of the Takeover Code, states that the interest amounts to 16,409,510 5p Ordinary shares. The disclosure also includes a sale of 43,290 5p Ordinary shares at a price of GBP 2.66 per unit. Additionally, the disclosure mentions that Threadneedle Asset Management Holdings Ltd has an ultimate parent company, Ameriprise Financial, Inc.
The disclosure also relates to Crest Nicholson Holdings Plc, indicating that Threadneedle Asset Management Holdings Ltd has an interest in relevant securities representing 1% or more in the company. However, the specific details of this interest are not provided in the disclosure.
The disclosure does not include any indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. It also confirms that no supplemental form is attached to the disclosure.
The disclosure was made on July 31, 2024, and the contact person for the disclosure is Ben Lyon, with a provided telephone number for further inquiries.
This disclosure provides insight into Threadneedle Asset Management Holdings Ltd's significant interest in Bellway Plc and its position in Crest Nicholson Holdings Plc, offering transparency in line with the regulatory requirements of the Takeover Code.