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:

15 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:

1,076,212

0.90%

207,920

0.17%

(2) Cash-settled derivatives:

163,412

0.14%

1,014,026

0.85%

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

0

0.00%

0

0.00%

TOTAL: 

1,239,624

1.04%

1,221,946

1.03%

(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

68119

26.9100 GBP

26.3400 GBP

12.5p ordinary

Sale

91098

26.8826 GBP

26.3400 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

2,315

26.6098 GBP

12.5p ordinary

CFD

Decreasing Short

4,555

26.7000 GBP

12.5p ordinary

CFD

Decreasing Short

505

26.8425 GBP

12.5p ordinary

CFD

Decreasing Short

688

26.8716 GBP

12.5p ordinary

CFD

Increasing Short

220

26.4243 GBP

12.5p ordinary

CFD

Increasing Short

746

26.5452 GBP

12.5p ordinary

CFD

Increasing Short

12,264

26.8800 GBP

12.5p ordinary

SWAP

Increasing Short

526

26.8813 GBP

12.5p ordinary

SWAP

Opening Long

112

26.8800 GBP

12.5p ordinary

SWAP

Closing Long

1

26.6200 GBP

12.5p ordinary

SWAP

Decreasing Long

2,458

26.8840 GBP

12.5p ordinary

SWAP

Decreasing Short

10,207

26.7122 GBP

12.5p ordinary

SWAP

Decreasing Short

22,517

26.8778 GBP

12.5p ordinary

SWAP

Decreasing Short

17

26.6800 GBP

12.5p ordinary

SWAP

Decreasing Short

64

26.6893 GBP

12.5p ordinary

SWAP

Decreasing Short

903

26.6895 GBP

12.5p ordinary

SWAP

Decreasing Short

3,232

26.8746 GBP

12.5p ordinary

SWAP

Decreasing Short

287

26.8800 GBP

12.5p ordinary

SWAP

Decreasing Short

452

26.8823 GBP

12.5p ordinary

SWAP

Increasing Short

542

26.6138 GBP

12.5p ordinary

SWAP

Increasing Short

150

26.6800 GBP

12.5p ordinary

SWAP

Increasing Short

268

26.6954 GBP

12.5p ordinary

SWAP

Increasing Short

846

26.8772 GBP

12.5p ordinary

SWAP

Increasing Long

5

26.5998 GBP

12.5p ordinary

SWAP

Increasing Long

28

26.7645 GBP

12.5p ordinary

SWAP

Increasing Long

16

26.7797 GBP

12.5p ordinary

SWAP

Increasing Long

45

26.7815 GBP

12.5p ordinary

SWAP

Increasing Long

55

26.8274 GBP

12.5p ordinary

SWAP

Increasing Long

158

26.8334 GBP

12.5p ordinary

SWAP

Increasing Long

333

26.8597 GBP

12.5p ordinary

SWAP

Increasing Long

872

26.8706 GBP

12.5p ordinary

SWAP

Increasing Long

366

26.8797 GBP

12.5p ordinary

SWAP

Decreasing Long

183

26.5201 GBP

12.5p ordinary

SWAP

Decreasing Long

186

26.5203 GBP

12.5p ordinary

SWAP

Decreasing Long

128

26.5887 GBP

12.5p ordinary

SWAP

Decreasing Long

238

26.5891 GBP

12.5p ordinary

SWAP

Decreasing Long

473

26.6125 GBP

12.5p ordinary

SWAP

Decreasing Long

1,766

26.6226 GBP

12.5p ordinary

SWAP

Decreasing Long

169

26.6354 GBP

12.5p ordinary

SWAP

Decreasing Long

998

26.8802 GBP

12.5p ordinary

SWAP

Closing Short

1,896

26.6253 GBP

12.5p ordinary

SWAP

Decreasing Short

472

26.7978 GBP

12.5p ordinary

SWAP

Increasing Short

362

26.7875 GBP

12.5p ordinary

SWAP

Decreasing Short

900

26.8450 GBP

12.5p ordinary

SWAP

Increasing Short

519

26.6995 GBP

12.5p ordinary

SWAP

Increasing Short

1,319

26.8092 GBP

12.5p ordinary

SWAP

Increasing Short

3,659

26.8800 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:

16 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213