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:

08 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:

1,047,049

0.88%

279,604

0.24%

(2) Cash-settled derivatives:

222,169

0.19%

973,535

0.82%

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

0

0.00%

0

0.00%

TOTAL: 

1,269,218

1.07%

1,253,139

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

61389

26.8800 GBP

26.6400 GBP

12.5p ordinary

Sale

70720

27.1155 GBP

26.6400 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

80

26.7176 GBP

12.5p ordinary

CFD

Decreasing Short

4,376

26.8216 GBP

12.5p ordinary

CFD

Decreasing Short

216

27.1155 GBP

12.5p ordinary

CFD

Increasing Short

3,712

26.6629 GBP

12.5p ordinary

CFD

Increasing Short

151

26.6807 GBP

12.5p ordinary

CFD

Increasing Short

2,704

26.7200 GBP

12.5p ordinary

SWAP

Opening Short

12

26.7133 GBP

12.5p ordinary

SWAP

Increasing Short

91

26.7213 GBP

12.5p ordinary

SWAP

Increasing Short

20

26.7200 GBP

12.5p ordinary

SWAP

Decreasing Short

59

26.7389 GBP

12.5p ordinary

SWAP

Decreasing Short

1,460

26.7751 GBP

12.5p ordinary

SWAP

Increasing Short

321

26.7068 GBP

12.5p ordinary

SWAP

Increasing Short

324

26.7200 GBP

12.5p ordinary

SWAP

Increasing Short

4,602

26.7632 GBP

12.5p ordinary

SWAP

Increasing Short

253

26.7794 GBP

12.5p ordinary

SWAP

Increasing Short

20

26.8000 GBP

12.5p ordinary

SWAP

Increasing Long

432

26.6901 GBP

12.5p ordinary

SWAP

Increasing Long

432

26.6951 GBP

12.5p ordinary

SWAP

Increasing Long

1,405

26.6979 GBP

12.5p ordinary

SWAP

Increasing Long

25

26.7006 GBP

12.5p ordinary

SWAP

Increasing Long

8,084

26.7198 GBP

12.5p ordinary

SWAP

Increasing Long

2,384

26.8508 GBP

12.5p ordinary

SWAP

Decreasing Long

33

26.7040 GBP

12.5p ordinary

SWAP

Decreasing Long

170

26.7405 GBP

12.5p ordinary

SWAP

Decreasing Long

419

26.7431 GBP

12.5p ordinary

SWAP

Decreasing Long

1,538

26.7665 GBP

12.5p ordinary

SWAP

Decreasing Long

148

26.7707 GBP

12.5p ordinary

SWAP

Increasing Long

1,385

26.7014 GBP

12.5p ordinary

SWAP

Increasing Long

583

26.7048 GBP

12.5p ordinary

SWAP

Increasing Long

1,464

26.7939 GBP

12.5p ordinary

SWAP

Increasing Long

73

27.0860 GBP

12.5p ordinary

SWAP

Decreasing Short

3,853

26.7238 GBP

12.5p ordinary

SWAP

Increasing Short

24

26.8346 GBP

12.5p ordinary

SWAP

Decreasing Long

1,933

26.7920 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:

09 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213