Norges Bank has disclosed a 2.92% interest in Crest Nicholson Holdings plc, representing 7,514,087 shares. The disclosure was made on 21/06/2024. The bank clarified that it does not have discretion regarding dealing and offer acceptance decisions with respect to 5,090,732 shares that are included in the total above. The disclosure also includes details of purchases and sales of 5p ordinary shares, with 119,883 shares sold at GBP 2.4790 per unit and 92,652 shares sold at GBP 2.4032 per unit.
The disclosure also mentions that Norges Bank is making disclosures in respect of another party to the offer, Bellway plc. The form provides a comprehensive breakdown of the positions and dealings by the bank, including interests, short positions, and details of any open stock-settled derivative positions. It also includes information about rights to subscribe for new securities and details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer.
The disclosure form provides a detailed breakdown of the positions and dealings by Norges Bank, offering transparency and insight into the bank's interests and activities related to Crest Nicholson Holdings plc and Bellway plc. The information is in compliance with Rule 8.3 of the Takeover Code, providing a clear overview of the bank's holdings and dealings in relevant securities.