BlackRock, Inc. has released a Form 8.3 disclosure regarding its interests in Crest Nicholson Holdings plc. The disclosure, released on 19th June 2024, provides key information about BlackRock's positions and dealings related to relevant securities representing 1% or more of Crest Nicholson Holdings plc.
BlackRock, Inc. disclosed that it owns and/or controls 19,621,750 relevant securities, representing 7.63% of the total, and holds cash-settled derivatives amounting to 414,495 securities, which is 0.16% of the total. Additionally, it has stock-settled derivatives and agreements to purchase/sell. The disclosure also mentions that BlackRock, Inc. is making disclosures in respect of another party to the offer, Bellway plc.
The disclosure further details the dealings made by BlackRock, Inc., including purchases and sales, cash-settled derivative transactions, and stock-settled derivative transactions. It provides the number of securities involved and the price per unit for each type of dealing.
The disclosure concludes with other information, stating that there are no indemnity and other dealing arrangements or agreements, arrangements, or understandings relating to options or derivatives. It also confirms that no supplemental form is attached to the disclosure.
The release of this Form 8.3 disclosure by BlackRock, Inc. provides transparency about its interests and dealings in Crest Nicholson Holdings plc, in accordance with Rule 8.3 of the Takeover Code.