abrdn PLC, a major shareholder, has disclosed its 1.81% interest in Bellway PLC, a significant player in the housing industry. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that abrdn PLC owns and/or controls 2,147,961 relevant securities of Bellway PLC. Additionally, abrdn PLC has made sales of 12,885 securities at a price of GBP 26.880 per unit. The disclosure also indicates that abrdn PLC is making disclosures in respect of another party, Crest Nicholson Holdings plc.
The disclosure provides a comprehensive breakdown of abrdn PLC's positions and dealings in Bellway PLC's relevant securities. It includes details of interests, short positions, and dealings, such as purchases and sales, as well as cash-settled and stock-settled derivative transactions. The disclosure also confirms that there are no indemnity and other dealing arrangements or agreements, arrangements, or understandings relating to options or derivatives.
This disclosure by abrdn PLC provides valuable insight into the ownership and control of relevant securities in Bellway PLC. It offers transparency regarding the positions and dealings of a significant shareholder, which can be of interest to investors, analysts, and other stakeholders in the housing and investment sectors. The disclosure serves as an important regulatory requirement and contributes to the overall transparency and understanding of the market.