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 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:

1,046,253

0.88%

269,477

0.23%

(2) Cash-settled derivatives:

211,520

0.18%

969,451

0.81%

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

0

0.00%

0

0.00%

TOTAL: 

1,257,773

1.06%

1,238,928

1.04%

(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

76917

27.4000 GBP

26.8109 GBP

12.5p ordinary

Sale

61589

27.4016 GBP

26.8605 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

358

26.9372 GBP

12.5p ordinary

CFD

Decreasing Short

5,423

26.9978 GBP

12.5p ordinary

CFD

Decreasing Short

3,202

27.0246 GBP

12.5p ordinary

CFD

Decreasing Short

643

27.2983 GBP

12.5p ordinary

CFD

Increasing Short

1,270

26.9655 GBP

12.5p ordinary

CFD

Increasing Short

4,874

27.0987 GBP

12.5p ordinary

SWAP

Decreasing Short

2,364

27.0000 GBP

12.5p ordinary

SWAP

Decreasing Short

190

27.0800 GBP

12.5p ordinary

SWAP

Decreasing Short

7,088

27.4016 GBP

12.5p ordinary

SWAP

Increasing Short

1

25.9400 GBP

12.5p ordinary

SWAP

Increasing Short

13,259

27.2141 GBP

12.5p ordinary

SWAP

Increasing Short

22

27.2800 GBP

12.5p ordinary

SWAP

Increasing Short

181

27.3200 GBP

12.5p ordinary

SWAP

Increasing Short

110

27.4000 GBP

12.5p ordinary

SWAP

Increasing Long

49

26.9597 GBP

12.5p ordinary

SWAP

Increasing Long

203

26.9997 GBP

12.5p ordinary

SWAP

Increasing Long

342

27.1033 GBP

12.5p ordinary

SWAP

Increasing Long

2,142

27.1106 GBP

12.5p ordinary

SWAP

Increasing Long

1,148

27.1452 GBP

12.5p ordinary

SWAP

Increasing Long

564

27.2016 GBP

12.5p ordinary

SWAP

Increasing Long

724

27.2232 GBP

12.5p ordinary

SWAP

Increasing Long

349

27.3394 GBP

12.5p ordinary

SWAP

Decreasing Long

37

26.9570 GBP

12.5p ordinary

SWAP

Decreasing Long

216

26.9987 GBP

12.5p ordinary

SWAP

Decreasing Long

218

27.0362 GBP

12.5p ordinary

SWAP

Decreasing Long

268

27.0376 GBP

12.5p ordinary

SWAP

Decreasing Long

125

27.0402 GBP

12.5p ordinary

SWAP

Decreasing Long

660

27.0770 GBP

12.5p ordinary

SWAP

Decreasing Long

1,201

27.1494 GBP

12.5p ordinary

SWAP

Decreasing Long

893

27.2770 GBP

12.5p ordinary

SWAP

Decreasing Short

3,830

27.0789 GBP

12.5p ordinary

SWAP

Decreasing Long

5,020

26.9990 GBP

12.5p ordinary

SWAP

Decreasing Long

774

27.0005 GBP

12.5p ordinary

SWAP

Decreasing Short

3,809

27.0059 GBP

12.5p ordinary

SWAP

Increasing Long

235

27.0000 GBP

12.5p ordinary

SWAP

Decreasing Long

4,550

27.1343 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:

08 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213