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:

05 Aug 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:

1,162,678

0.98%

115,966

0.10%

(2) Cash-settled derivatives:

79,991

0.07%

1,009,094

0.85%

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

0

0.00%

0

0.00%

TOTAL: 

1,242,669

1.05%

1,125,060

0.95%

(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

94059

26.7200 GBP

26.2200 GBP

12.5p ordinary

Sale

58139

26.7226 GBP

26.2200 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

206

26.3535 GBP

12.5p ordinary

CFD

Decreasing Short

133

26.4633 GBP

12.5p ordinary

CFD

Decreasing Short

149

26.5778 GBP

12.5p ordinary

CFD

Decreasing Short

3,017

26.6600 GBP

12.5p ordinary

CFD

Decreasing Short

1,075

26.6958 GBP

12.5p ordinary

CFD

Increasing Short

665

26.2639 GBP

12.5p ordinary

CFD

Increasing Short

1,009

26.5011 GBP

12.5p ordinary

CFD

Increasing Short

2,412

26.5611 GBP

12.5p ordinary

CFD

Increasing Short

560

26.6281 GBP

12.5p ordinary

CFD

Increasing Short

3,223

26.6765 GBP

12.5p ordinary

CFD

Increasing Short

181

26.7221 GBP

12.5p ordinary

SWAP

Decreasing Short

1,049

26.4846 GBP

12.5p ordinary

SWAP

Increasing Short

99

26.6276 GBP

12.5p ordinary

SWAP

Increasing Long

47

26.4000 GBP

12.5p ordinary

SWAP

Increasing Long

1,543

26.4882 GBP

12.5p ordinary

SWAP

Increasing Long

2,618

26.6600 GBP

12.5p ordinary

SWAP

Closing Long

5,339

26.6201 GBP

12.5p ordinary

SWAP

Decreasing Short

15

26.6998 GBP

12.5p ordinary

SWAP

Decreasing Short

83

26.3000 GBP

12.5p ordinary

SWAP

Decreasing Short

363

26.4969 GBP

12.5p ordinary

SWAP

Decreasing Short

5,379

26.5549 GBP

12.5p ordinary

SWAP

Decreasing Short

9,453

26.6544 GBP

12.5p ordinary

SWAP

Decreasing Short

5,652

26.6579 GBP

12.5p ordinary

SWAP

Decreasing Short

93

26.6800 GBP

12.5p ordinary

SWAP

Decreasing Short

16

26.7200 GBP

12.5p ordinary

SWAP

Increasing Short

55

26.2400 GBP

12.5p ordinary

SWAP

Increasing Short

11,977

26.5658 GBP

12.5p ordinary

SWAP

Increasing Short

328

26.6485 GBP

12.5p ordinary

SWAP

Increasing Short

5,280

26.6600 GBP

12.5p ordinary

SWAP

Increasing Long

404

26.3274 GBP

12.5p ordinary

SWAP

Increasing Long

21

26.3891 GBP

12.5p ordinary

SWAP

Increasing Long

52

26.4498 GBP

12.5p ordinary

SWAP

Increasing Long

793

26.4533 GBP

12.5p ordinary

SWAP

Increasing Long

226

26.4556 GBP

12.5p ordinary

SWAP

Increasing Long

16

26.4598 GBP

12.5p ordinary

SWAP

Increasing Long

323

26.5576 GBP

12.5p ordinary

SWAP

Increasing Long

10

26.5958 GBP

12.5p ordinary

SWAP

Increasing Long

646

26.6828 GBP

12.5p ordinary

SWAP

Decreasing Long

19

26.2101 GBP

12.5p ordinary

SWAP

Decreasing Long

32

26.3602 GBP

12.5p ordinary

SWAP

Decreasing Long

2,787

26.4648 GBP

12.5p ordinary

SWAP

Decreasing Long

1,267

26.6085 GBP

12.5p ordinary

SWAP

Decreasing Long

51

26.6202 GBP

12.5p ordinary

SWAP

Decreasing Long

545

26.6452 GBP

12.5p ordinary

SWAP

Decreasing Long

28,687

26.6602 GBP

12.5p ordinary

SWAP

Decreasing Long

236

26.7145 GBP

12.5p ordinary

SWAP

Decreasing Short

45

26.4334 GBP

12.5p ordinary

SWAP

Opening Short

7,040

26.6626 GBP

12.5p ordinary

SWAP

Decreasing Short

327

26.6188 GBP

12.5p ordinary

SWAP

Decreasing Long

801

26.2150 GBP

12.5p ordinary

SWAP

Decreasing Long

801

26.6879 GBP

12.5p ordinary

SWAP

Decreasing Short

109

26.5600 GBP

12.5p ordinary

SWAP

Decreasing Short

10,966

26.6548 GBP

12.5p ordinary

SWAP

Decreasing Short

94

26.7200 GBP

12.5p ordinary

SWAP

Increasing Short

5,207

26.5783 GBP

12.5p ordinary

SWAP

Increasing Short

1,801

26.6600 GBP

12.5p ordinary

SWAP

Increasing Short

1,327

27.0000 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:

06 Aug 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213