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:

17 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:

1,199,784

1.01%

212,846

0.18%

(2) Cash-settled derivatives:

172,199

0.14%

1,128,907

0.95%

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

0

0.00%

0

0.00%

TOTAL: 

1,371,983

1.15%

1,341,753

1.13%

(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

65612

26.4000 GBP

26.0325 GBP

12.5p ordinary

Sale

75928

26.4005 GBP

26.0325 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

Decreasing Long

77

26.1116 GBP

12.5p ordinary

SWAP

Decreasing Long

81

26.1001 GBP

12.5p ordinary

SWAP

Decreasing Long

111

26.2139 GBP

12.5p ordinary

SWAP

Decreasing Long

149

26.2259 GBP

12.5p ordinary

SWAP

Decreasing Long

230

26.2414 GBP

12.5p ordinary

SWAP

Decreasing Long

308

26.2214 GBP

12.5p ordinary

SWAP

Decreasing Long

476

26.1359 GBP

12.5p ordinary

SWAP

Decreasing Long

709

26.2401 GBP

12.5p ordinary

SWAP

Decreasing Long

1,656

26.0401 GBP

12.5p ordinary

SWAP

Decreasing Short

5

26.1160 GBP

12.5p ordinary

SWAP

Decreasing Short

17

26.2000 GBP

12.5p ordinary

SWAP

Decreasing Short

19

26.3400 GBP

12.5p ordinary

SWAP

Decreasing Short

29

26.2400 GBP

12.5p ordinary

SWAP

Decreasing Short

185

26.0989 GBP

12.5p ordinary

SWAP

Decreasing Short

205

26.3131 GBP

12.5p ordinary

CFD

Decreasing Short

347

26.0400 GBP

12.5p ordinary

SWAP

Decreasing Short

412

26.1287 GBP

12.5p ordinary

SWAP

Decreasing Short

592

26.1453 GBP

12.5p ordinary

SWAP

Decreasing Short

721

26.1749 GBP

12.5p ordinary

CFD

Decreasing Short

810

26.2399 GBP

12.5p ordinary

CFD

Decreasing Short

1,902

26.1250 GBP

12.5p ordinary

SWAP

Decreasing Short

2,284

26.0400 GBP

12.5p ordinary

SWAP

Decreasing Short

6,991

26.1106 GBP

12.5p ordinary

CFD

Decreasing Short

7,800

26.1200 GBP

12.5p ordinary

SWAP

Increasing Long

86

26.1744 GBP

12.5p ordinary

SWAP

Increasing Long

248

26.0360 GBP

12.5p ordinary

SWAP

Increasing Long

699

26.1714 GBP

12.5p ordinary

SWAP

Increasing Long

823

26.1390 GBP

12.5p ordinary

SWAP

Increasing Long

2,205

26.0398 GBP

12.5p ordinary

SWAP

Increasing Long

2,719

26.1795 GBP

12.5p ordinary

SWAP

Increasing Short

1

26.1200 GBP

12.5p ordinary

SWAP

Increasing Short

3

26.2400 GBP

12.5p ordinary

SWAP

Increasing Short

91

26.2479 GBP

12.5p ordinary

SWAP

Increasing Short

203

26.2328 GBP

12.5p ordinary

SWAP

Increasing Short

266

26.2482 GBP

12.5p ordinary

SWAP

Increasing Short

394

26.1372 GBP

12.5p ordinary

SWAP

Increasing Short

874

26.2132 GBP

12.5p ordinary

CFD

Increasing Short

1,369

26.0423 GBP

12.5p ordinary

CFD

Increasing Short

2,249

26.1419 GBP

12.5p ordinary

SWAP

Increasing Short

2,614

26.0400 GBP

12.5p ordinary

SWAP

Increasing Short

6,794

26.0399 GBP

12.5p ordinary

CFD

Increasing Short

7,800

26.1200 GBP

12.5p ordinary

SWAP

Opening Long

1

26.2200 GBP

12.5p ordinary

SWAP

Opening Long

199

26.0795 GBP

12.5p ordinary

SWAP

Opening Long

240

26.1944 GBP

12.5p ordinary

SWAP

Opening Long

1,471

26.2274 GBP

12.5p ordinary

SWAP

Opening Long

10,263

26.0400 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:

18 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213