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:

19 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:

1,016,931

0.85%

222,139

0.19%

(2) Cash-settled derivatives:

168,814

0.14%

945,074

0.79%

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

0

0.00%

0

0.00%

TOTAL: 

1,185,745

1.00%

1,167,213

0.98%

(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

17158

27.3100 GBP

26.9890 GBP

12.5p ordinary

Sale

29351

27.3549 GBP

26.9900 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

161

27.0191 GBP

12.5p ordinary

CFD

Decreasing Short

895

27.0638 GBP

12.5p ordinary

CFD

Decreasing Short

5,454

27.1488 GBP

12.5p ordinary

CFD

Decreasing Short

3,222

27.1775 GBP

12.5p ordinary

CFD

Decreasing Short

2,630

27.1778 GBP

12.5p ordinary

CFD

Increasing Short

76

27.1800 GBP

12.5p ordinary

CFD

Increasing Short

715

27.1952 GBP

12.5p ordinary

SWAP

Decreasing Short

127

27.0434 GBP

12.5p ordinary

SWAP

Increasing Short

74

27.2486 GBP

12.5p ordinary

SWAP

Increasing Long

303

27.0210 GBP

12.5p ordinary

SWAP

Increasing Long

1,234

27.2560 GBP

12.5p ordinary

SWAP

Decreasing Long

224

27.0314 GBP

12.5p ordinary

SWAP

Decreasing Long

1,558

27.1800 GBP

12.5p ordinary

SWAP

Decreasing Short

308

27.0646 GBP

12.5p ordinary

SWAP

Decreasing Short

1,380

27.1801 GBP

12.5p ordinary

SWAP

Decreasing Short

2,784

27.2878 GBP

12.5p ordinary

SWAP

Decreasing Short

290

27.3231 GBP

12.5p ordinary

SWAP

Increasing Short

305

27.0554 GBP

12.5p ordinary

SWAP

Increasing Short

1,822

27.1240 GBP

12.5p ordinary

SWAP

Increasing Short

528

27.1800 GBP

12.5p ordinary

SWAP

Increasing Long

396

27.1340 GBP

12.5p ordinary

SWAP

Increasing Long

71

27.1797 GBP

12.5p ordinary

SWAP

Increasing Long

107

27.2500 GBP

12.5p ordinary

SWAP

Increasing Long

82

27.2741 GBP

12.5p ordinary

SWAP

Increasing Long

1,312

27.3067 GBP

12.5p ordinary

SWAP

Increasing Long

374

27.3281 GBP

12.5p ordinary

SWAP

Increasing Long

707

27.3301 GBP

12.5p ordinary

SWAP

Increasing Long

88

27.3397 GBP

12.5p ordinary

SWAP

Increasing Long

297

27.3463 GBP

12.5p ordinary

SWAP

Increasing Long

186

27.3549 GBP

12.5p ordinary

SWAP

Increasing Long

29

27.3649 GBP

12.5p ordinary

SWAP

Decreasing Long

1,117

27.0281 GBP

12.5p ordinary

SWAP

Decreasing Long

132

27.0402 GBP

12.5p ordinary

SWAP

Decreasing Long

1,679

27.0431 GBP

12.5p ordinary

SWAP

Decreasing Long

61

27.1002 GBP

12.5p ordinary

SWAP

Decreasing Long

3,788

27.1802 GBP

12.5p ordinary

SWAP

Increasing Long

124

26.9890 GBP

12.5p ordinary

SWAP

Increasing Long

562

27.1175 GBP

12.5p ordinary

SWAP

Increasing Long

1,354

27.1663 GBP

12.5p ordinary

SWAP

Increasing Long

142

27.2404 GBP

12.5p ordinary

SWAP

Increasing Long

215

27.2548 GBP

12.5p ordinary

SWAP

Increasing Long

242

27.2708 GBP

12.5p ordinary

SWAP

Increasing Long

487

27.3135 GBP

12.5p ordinary

SWAP

Decreasing Short

15

27.0598 GBP

12.5p ordinary

SWAP

Increasing Short

2

27.1021 GBP

12.5p ordinary

SWAP

Decreasing Short

429

27.1800 GBP

12.5p ordinary

SWAP

Decreasing Short

718

27.3117 GBP

12.5p ordinary

SWAP

Increasing Short

838

27.2665 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:

22 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213