Schroders PLC has disclosed its position in Bellway PLC and Crest Nicholson Holdings PLC, as per the requirements of Rule 8.3 of the Takeover Code. As of 5th July 2024, Schroders PLC holds 3,157,730 shares in Bellway PLC, representing 2.654% of the total shares. Additionally, they also hold 196,768 cash-settled derivatives, amounting to 0.165% of the total shares. It's important to note that Schroders PLC does not have discretion regarding dealing and/or offer acceptance/voting decisions in respect of 622,790 shares that are included in the total above.
Furthermore, Schroders PLC has made purchases of 29,741 12.5p Ordinary shares of Bellway PLC at a price of 27.20617363 GBP per unit. They have also engaged in cash-settled derivative transactions, including increasing a long position with 974 reference securities at a price of 27.32 GBP per unit.
In addition to their position in Bellway PLC, Schroders PLC has also disclosed their dealings in Crest Nicholson Holdings PLC. However, no specific details of their position in Crest Nicholson Holdings PLC were provided in the disclosure.
The disclosure also includes information about indemnity and other dealing arrangements, which in this case, Schroders PLC has stated as "none." Additionally, there are no agreements, arrangements, or understandings relating to options or derivatives.
This disclosure provides transparency about Schroders PLC's interests and short positions in Bellway PLC and Crest Nicholson Holdings PLC, in accordance with the regulatory requirements.