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 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:

1,033,236

0.87%

203,580

0.17%

(2) Cash-settled derivatives:

156,636

0.13%

966,817

0.81%

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

0

0.00%

0

0.00%

TOTAL: 

1,189,872

1.00%

1,170,397

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

87363

28.3328 GBP

27.7400 GBP

12.5p ordinary

Sale

93567

28.3130 GBP

27.5672 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

9,907

28.1600 GBP

12.5p ordinary

CFD

Increasing Short

9,907

27.7944 GBP

12.5p ordinary

CFD

Increasing Short

556

28.1144 GBP

12.5p ordinary

CFD

Increasing Short

3,829

28.1622 GBP

12.5p ordinary

CFD

Increasing Short

1,726

28.1625 GBP

12.5p ordinary

CFD

Increasing Short

240

28.1827 GBP

12.5p ordinary

SWAP

Increasing Short

130

28.3013 GBP

12.5p ordinary

SWAP

Decreasing Short

546

28.1585 GBP

12.5p ordinary

SWAP

Decreasing Short

851

28.1600 GBP

12.5p ordinary

SWAP

Opening Long

94

28.1770 GBP

12.5p ordinary

SWAP

Closing Long

2

28.3400 GBP

12.5p ordinary

SWAP

Opening Long

8,170

28.1777 GBP

12.5p ordinary

SWAP

Decreasing Long

2,047

28.1600 GBP

12.5p ordinary

SWAP

Closing Long

527

28.2188 GBP

12.5p ordinary

SWAP

Decreasing Short

2,060

28.1600 GBP

12.5p ordinary

SWAP

Decreasing Short

5,028

28.1800 GBP

12.5p ordinary

SWAP

Decreasing Short

33

28.2000 GBP

12.5p ordinary

SWAP

Increasing Short

51

27.9007 GBP

12.5p ordinary

SWAP

Increasing Short

113

28.1000 GBP

12.5p ordinary

SWAP

Increasing Short

2,642

28.1149 GBP

12.5p ordinary

SWAP

Increasing Short

7,215

28.1600 GBP

12.5p ordinary

SWAP

Increasing Long

57

27.7359 GBP

12.5p ordinary

SWAP

Increasing Long

967

27.7812 GBP

12.5p ordinary

SWAP

Increasing Long

307

27.7879 GBP

12.5p ordinary

SWAP

Increasing Long

46

27.9266 GBP

12.5p ordinary

SWAP

Increasing Long

17

28.0195 GBP

12.5p ordinary

SWAP

Increasing Long

5,249

28.1597 GBP

12.5p ordinary

SWAP

Increasing Long

2,109

28.3130 GBP

12.5p ordinary

SWAP

Decreasing Long

795

28.0961 GBP

12.5p ordinary

SWAP

Decreasing Long

1,206

28.1275 GBP

12.5p ordinary

SWAP

Decreasing Long

136

28.1831 GBP

12.5p ordinary

SWAP

Decreasing Long

266

28.2223 GBP

12.5p ordinary

SWAP

Decreasing Long

79

28.2779 GBP

12.5p ordinary

SWAP

Decreasing Long

488

28.3137 GBP

12.5p ordinary

SWAP

Decreasing Long

378

28.3303 GBP

12.5p ordinary

SWAP

Decreasing Long

727

28.3328 GBP

12.5p ordinary

SWAP

Decreasing Long

523

28.3532 GBP

12.5p ordinary

SWAP

Decreasing Long

279

28.3587 GBP

12.5p ordinary

SWAP

Increasing Long

183

27.5672 GBP

12.5p ordinary

SWAP

Increasing Long

201

27.9732 GBP

12.5p ordinary

SWAP

Increasing Long

8,911

28.1718 GBP

12.5p ordinary

SWAP

Decreasing Short

3,153

28.1936 GBP

12.5p ordinary

SWAP

Increasing Short

992

27.7800 GBP

12.5p ordinary

SWAP

Increasing Short

4,888

28.1600 GBP

12.5p ordinary

SWAP

Increasing Short

1,280

28.3303 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:

29 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213