abrdn PLC, a major shareholder in Bellway PLC, has disclosed its position in the company's relevant securities. As of 24th July 2024, abrdn PLC owns and/or controls 1.80% of Bellway PLC's 12.5p ordinary shares, amounting to 2,136,894 securities. Additionally, abrdn PLC has engaged in sales of Bellway PLC's ordinary shares, with 9,441 shares sold at a price of GBP 27.180 per unit. Furthermore, 218 shares were also sold at the same price.
The disclosure by abrdn PLC provides insight into its significant ownership in Bellway PLC, shedding light on its position and dealings with the company's securities. This information is crucial for investors and market analysts to understand the dynamics of major shareholders and their activities within the company. It also offers transparency and visibility into the ownership structure and trading activities related to Bellway PLC's securities.
The disclosure by abrdn PLC is in compliance with Rule 8.3 of the Takeover Code, ensuring transparency and adherence to regulatory requirements. This information is essential for maintaining market integrity and providing stakeholders with a comprehensive view of the ownership and trading activities related to Bellway PLC's securities. It also serves as a means of ensuring accountability and transparency in the financial markets.
Overall, abrdn PLC's disclosure of its position and dealings in Bellway PLC's relevant securities provides valuable information for investors, analysts, and regulatory authorities. It offers transparency into the ownership structure and trading activities related to Bellway PLC, contributing to a more informed and efficient market environment.