Schroders PLC has released an amendment to Form 8.3, disclosing their position in Bellway PLC and Crest Nicholson Holdings PLC. The disclosure is in accordance with Rule 8.3 of the Takeover Code, pertaining to public opening position disclosure/dealing disclosure by a person with interests in relevant securities representing 1% or more.
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. The disclosure also mentions 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.
The amendment also includes details of recent dealings, including the purchase of 19,826 12.5p Ordinary shares of Bellway PLC at a price of 26.12645163 GBP per unit. Furthermore, it outlines an increase in a long position through a cash-settled derivative transaction, involving 1,752 reference securities at a price of 26.1368 GBP per unit.
The disclosure concludes with information about stock dividend received, stating that 1 12.5p Ordinary share was received at a price of 25.64830000 GBP per unit.
The amendment does not include any indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Additionally, no supplemental form is attached to the disclosure.
This amendment provides a comprehensive overview of Schroders PLC's position and recent dealings with Bellway PLC and Crest Nicholson Holdings PLC, in compliance with the regulatory requirements of the Takeover Code.