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:

11 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:

1,100,893

0.93%

213,319

0.18%

(2) Cash-settled derivatives:

165,383

0.14%

1,042,058

0.88%

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

0

0.00%

0

0.00%

TOTAL: 

1,266,276

1.06%

1,255,377

1.06%

(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

143091

26.4401 GBP

25.3374 GBP

12.5p ordinary

Sale

123753

26.4400 GBP

25.3400 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

2,755

25.5779 GBP

12.5p ordinary

CFD

Decreasing Short

1,555

26.1935 GBP

12.5p ordinary

CFD

Decreasing Short

561

26.4378 GBP

12.5p ordinary

CFD

Increasing Short

53

25.5643 GBP

12.5p ordinary

CFD

Increasing Short

2,968

25.6157 GBP

12.5p ordinary

CFD

Increasing Short

232

26.3040 GBP

12.5p ordinary

CFD

Increasing Short

2,702

26.4400 GBP

12.5p ordinary

SWAP

Increasing Short

1,015

25.7505 GBP

12.5p ordinary

SWAP

Decreasing Short

1

26.2000 GBP

12.5p ordinary

SWAP

Opening Long

3,801

26.4400 GBP

12.5p ordinary

SWAP

Decreasing Long

8

25.6600 GBP

12.5p ordinary

SWAP

Closing Long

2,362

26.3905 GBP

12.5p ordinary

SWAP

Increasing Short

80

25.9720 GBP

12.5p ordinary

SWAP

Decreasing Short

213

25.9791 GBP

12.5p ordinary

SWAP

Opening Long

15,729

26.4400 GBP

12.5p ordinary

SWAP

Closing Long

10,847

26.0435 GBP

12.5p ordinary

SWAP

Decreasing Short

8,252

25.6629 GBP

12.5p ordinary

SWAP

Decreasing Short

4,127

26.4378 GBP

12.5p ordinary

SWAP

Decreasing Short

725

25.5207 GBP

12.5p ordinary

SWAP

Decreasing Short

68

26.1400 GBP

12.5p ordinary

SWAP

Decreasing Short

2,819

26.4400 GBP

12.5p ordinary

SWAP

Increasing Short

3

25.4866 GBP

12.5p ordinary

SWAP

Increasing Short

234

25.5400 GBP

12.5p ordinary

SWAP

Increasing Short

25,866

25.7932 GBP

12.5p ordinary

SWAP

Increasing Short

3,355

25.9332 GBP

12.5p ordinary

SWAP

Increasing Short

18

26.3000 GBP

12.5p ordinary

SWAP

Increasing Short

3,013

26.3581 GBP

12.5p ordinary

SWAP

Increasing Short

8,097

26.4396 GBP

12.5p ordinary

SWAP

Increasing Long

1,777

25.4697 GBP

12.5p ordinary

SWAP

Increasing Long

4

25.5397 GBP

12.5p ordinary

SWAP

Increasing Long

363

25.5683 GBP

12.5p ordinary

SWAP

Increasing Long

163

25.6798 GBP

12.5p ordinary

SWAP

Increasing Long

149

26.3304 GBP

12.5p ordinary

SWAP

Decreasing Long

866

25.5022 GBP

12.5p ordinary

SWAP

Decreasing Long

564

25.6994 GBP

12.5p ordinary

SWAP

Decreasing Long

2,219

25.7494 GBP

12.5p ordinary

SWAP

Decreasing Long

3,431

25.8285 GBP

12.5p ordinary

SWAP

Decreasing Long

1,151

25.8498 GBP

12.5p ordinary

SWAP

Decreasing Long

2,185

25.8673 GBP

12.5p ordinary

SWAP

Decreasing Long

758

25.9451 GBP

12.5p ordinary

SWAP

Decreasing Long

298

25.9802 GBP

12.5p ordinary

SWAP

Decreasing Long

669

25.9877 GBP

12.5p ordinary

SWAP

Decreasing Long

220

26.2087 GBP

12.5p ordinary

SWAP

Decreasing Long

1,014

26.4401 GBP

12.5p ordinary

SWAP

Opening Long

9,675

25.9244 GBP

12.5p ordinary

SWAP

Decreasing Long

1,000

25.5425 GBP

12.5p ordinary

SWAP

Opening Short

8,000

26.1522 GBP

12.5p ordinary

SWAP

Increasing Long

2,067

26.2506 GBP

12.5p ordinary

SWAP

Increasing Long

13,317

26.4351 GBP

12.5p ordinary

SWAP

Increasing Long

4,115

26.4394 GBP

12.5p ordinary

SWAP

Decreasing Short

91

26.1327 GBP

12.5p ordinary

SWAP

Decreasing Short

545

26.1630 GBP

12.5p ordinary

SWAP

Increasing Short

289

26.1311 GBP

12.5p ordinary

SWAP

Decreasing Long

4

25.5000 GBP

12.5p ordinary

SWAP

Opening Short

5,380

25.7297 GBP

12.5p ordinary

SWAP

Increasing Short

1,914

25.8093 GBP

12.5p ordinary

SWAP

Increasing Short

5,269

26.4400 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:

12 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213