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 the latest practicable date prior to the disclosure, Schroders PLC holds 3,098,249 shares in Bellway PLC, representing 2.604% of the total shares. Additionally, they have 197,742 cash-settled derivatives, amounting to 0.166% of the total shares. It's important to note that Schroders PLC does not have discretion regarding dealing and offer acceptance or voting decisions in respect of 622,790 shares that are included in the total above.
In terms of dealings, Schroders PLC has made purchases of 19,826 and 1 shares of 12.5p Ordinary shares in Bellway PLC at prices of 26.12645163 GBP and 25.64830000 GBP per unit, respectively. They have also engaged in cash-settled derivative transactions, including increasing a long position with 1,752 reference securities at a price of 26.1368 GBP per unit.
The disclosure also states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Additionally, no Supplemental Form 8 (Open Positions) is attached to the disclosure.
This disclosure provides insight into Schroders PLC's significant position in Bellway PLC and its interests in Crest Nicholson Holdings PLC, offering transparency in line with regulatory requirements.