Form 8.5 (EPT/NON-RI) - Bellway plc

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS

(OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Name of exempt principal trader:

BARCLAYS CAPITAL SECURITIES LTD

(b)

Name of offeror/offeree in relation to whose relevant securities this form relates:

BELLWAY PLC

(c)

Name of the party to the offer with which exempt principal trader is connected

CREST NICHOLSON HOLDINGS PLC

(d)

Date position held/dealing undertaken:

12 Jul 2024

(e)

In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to the offer?

YES: CREST NICHOLSON HOLDINGS PLC

2.

POSITIONS OF THE EXEMPT PRINCIPAL TRADER

(a)

Interests and short positions in the relevant securities of the offeror or offeree

to which the disclosure relates following the dealing (if any)

Class of relevant security:

12.5p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,103,315

0.93%

212,044

0.18%

(2) Cash-settled derivatives:

168,133

0.14%

1,041,726

0.88%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

TOTAL: 

1,271,448

1.07%

1,253,770

1.05%

(b)

Rights to subscribe for new securities (including directors and other executive options)

Class of relevant security in relation to which subscription right exists

Details, including nature of the rights concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a)

Purchase and sales

Class of relevant security

Purchase/sale

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

12.5p ordinary

Purchase

79161

26.8013 GBP

26.3100 GBP

12.5p ordinary

Sale

79464

26.8000 GBP

26.3635 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

12.5p ordinary

CFD

Decreasing Short

835

26.4910 GBP

12.5p ordinary

CFD

Decreasing Short

422

26.5494 GBP

12.5p ordinary

CFD

Increasing Short

4,044

26.6221 GBP

12.5p ordinary

CFD

Increasing Short

3,003

26.6223 GBP

12.5p ordinary

SWAP

Opening Short

1

26.4200 GBP

12.5p ordinary

SWAP

Increasing Short

505

26.6213 GBP

12.5p ordinary

SWAP

Decreasing Long

129

26.6240 GBP

12.5p ordinary

SWAP

Closing Long

20

26.5200 GBP

12.5p ordinary

SWAP

Decreasing Short

8,417

26.4700 GBP

12.5p ordinary

SWAP

Decreasing Short

8,128

26.6998 GBP

12.5p ordinary

SWAP

Decreasing Short

8,551

26.7968 GBP

12.5p ordinary

SWAP

Decreasing Short

22

26.4000 GBP

12.5p ordinary

SWAP

Decreasing Short

187

26.4891 GBP

12.5p ordinary

SWAP

Decreasing Short

2,809

26.6200 GBP

12.5p ordinary

SWAP

Decreasing Short

2,598

26.6962 GBP

12.5p ordinary

SWAP

Increasing Short

110

26.4214 GBP

12.5p ordinary

SWAP

Increasing Short

147

26.4727 GBP

12.5p ordinary

SWAP

Increasing Short

32

26.6000 GBP

12.5p ordinary

SWAP

Increasing Short

12,484

26.6200 GBP

12.5p ordinary

SWAP

Increasing Short

4,826

26.6290 GBP

12.5p ordinary

SWAP

Increasing Long

2,172

26.4242 GBP

12.5p ordinary

SWAP

Increasing Long

5,537

26.4327 GBP

12.5p ordinary

SWAP

Increasing Long

168

26.4589 GBP

12.5p ordinary

SWAP

Increasing Long

38

26.4728 GBP

12.5p ordinary

SWAP

Decreasing Long

55

26.4876 GBP

12.5p ordinary

SWAP

Decreasing Long

74

26.4975 GBP

12.5p ordinary

SWAP

Decreasing Long

33

26.5001 GBP

12.5p ordinary

SWAP

Decreasing Long

2,821

26.6202 GBP

12.5p ordinary

SWAP

Decreasing Long

483

26.8002 GBP

12.5p ordinary

SWAP

Decreasing Long

265

26.8005 GBP

12.5p ordinary

SWAP

Decreasing Long

392

26.8013 GBP

12.5p ordinary

SWAP

Decreasing Long

1,154

26.8098 GBP

12.5p ordinary

SWAP

Decreasing Long

10

26.8402 GBP

12.5p ordinary

SWAP

Decreasing Short

370

26.7373 GBP

12.5p ordinary

SWAP

Increasing Long

271

26.6194 GBP

12.5p ordinary

SWAP

Decreasing Short

6,222

26.6202 GBP

12.5p ordinary

SWAP

Increasing Short

398

26.5908 GBP

12.5p ordinary

SWAP

Increasing Short

9,761

26.6200 GBP

12.5p ordinary

SWAP

Increasing Short

2,918

26.6864 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class of relevant security

Product description

Writing, purchasing, selling, varying etc

Number of securities to which option relates

Exercise price per unit

Type

Expiry date

Option money paid/ received per unit

(ii)

Exercising

Class of relevant security

Product description

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant security

Nature of Dealings

Details

Price per unit (if applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings arrangements

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 exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

NONE

(b)

Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights of future acquisition or disposal of any relevant securities to which any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

15 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213