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:

26 Jun 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:

1,080,626

0.91%

213,613

0.18%

(2) Cash-settled derivatives:

171,159

0.14%

1,024,513

0.86%

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

0

0.00%

0

0.00%

TOTAL: 

1,251,785

1.05%

1,238,126

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

38738

25.7329 GBP

25.3482 GBP

12.5p ordinary

Sale

32462

25.6683 GBP

25.2500 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

SWAP

Closing Short

98

25.3795 GBP

12.5p ordinary

SWAP

Closing Short

2,866

25.3612 GBP

12.5p ordinary

SWAP

Closing Short

3,103

25.3600 GBP

12.5p ordinary

SWAP

Decreasing Long

44

25.4529 GBP

12.5p ordinary

SWAP

Decreasing Long

96

25.4908 GBP

12.5p ordinary

SWAP

Decreasing Long

109

25.4400 GBP

12.5p ordinary

SWAP

Decreasing Long

289

25.3534 GBP

12.5p ordinary

SWAP

Decreasing Long

336

25.4396 GBP

12.5p ordinary

SWAP

Decreasing Long

342

25.5220 GBP

12.5p ordinary

SWAP

Decreasing Long

393

25.3941 GBP

12.5p ordinary

SWAP

Decreasing Long

426

25.3891 GBP

12.5p ordinary

SWAP

Decreasing Long

447

25.4884 GBP

12.5p ordinary

SWAP

Decreasing Long

480

25.3836 GBP

12.5p ordinary

SWAP

Decreasing Long

627

25.3806 GBP

12.5p ordinary

SWAP

Decreasing Long

715

25.4166 GBP

12.5p ordinary

SWAP

Decreasing Long

723

25.4635 GBP

12.5p ordinary

SWAP

Decreasing Long

1,027

25.5643 GBP

12.5p ordinary

SWAP

Decreasing Long

1,151

25.3704 GBP

12.5p ordinary

SWAP

Decreasing Long

1,303

25.4291 GBP

12.5p ordinary

SWAP

Decreasing Long

3,146

25.3601 GBP

12.5p ordinary

SWAP

Decreasing Long

3,670

25.3619 GBP

12.5p ordinary

CFD

Decreasing Short

43

25.3793 GBP

12.5p ordinary

CFD

Decreasing Short

209

25.5929 GBP

12.5p ordinary

CFD

Decreasing Short

226

25.6683 GBP

12.5p ordinary

SWAP

Decreasing Short

874

25.3911 GBP

12.5p ordinary

CFD

Decreasing Short

1,201

25.3317 GBP

12.5p ordinary

SWAP

Decreasing Short

3,180

25.3593 GBP

12.5p ordinary

SWAP

Decreasing Short

4,407

25.3600 GBP

12.5p ordinary

SWAP

Increasing Long

1,028

25.3630 GBP

12.5p ordinary

SWAP

Increasing Long

1,563

25.3600 GBP

12.5p ordinary

SWAP

Increasing Short

83

25.7400 GBP

12.5p ordinary

SWAP

Increasing Short

118

25.5200 GBP

12.5p ordinary

CFD

Increasing Short

426

25.3841 GBP

12.5p ordinary

CFD

Increasing Short

435

25.3600 GBP

12.5p ordinary

CFD

Increasing Short

500

25.4413 GBP

12.5p ordinary

CFD

Increasing Short

1,077

25.5582 GBP

12.5p ordinary

SWAP

Increasing Short

2,268

25.4362 GBP

12.5p ordinary

SWAP

Opening Short

334

25.3605 GBP

12.5p ordinary

SWAP

Opening Short

441

25.4775 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:

27 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213