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:

29 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:

1,036,722

0.87%

210,295

0.18%

(2) Cash-settled derivatives:

165,291

0.14%

971,042

0.82%

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

0

0.00%

0

0.00%

TOTAL: 

1,202,013

1.01%

1,181,337

0.99%

(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

39016

28.5600 GBP

28.3200 GBP

12.5p ordinary

Sale

42245

28.5628 GBP

28.3200 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

950

28.3557 GBP

12.5p ordinary

CFD

Decreasing Short

237

28.4283 GBP

12.5p ordinary

CFD

Decreasing Short

2,697

28.4800 GBP

12.5p ordinary

CFD

Increasing Short

77

28.4262 GBP

12.5p ordinary

CFD

Increasing Short

1,346

28.4932 GBP

12.5p ordinary

CFD

Increasing Short

3,647

28.4954 GBP

12.5p ordinary

SWAP

Decreasing Short

200

28.5142 GBP

12.5p ordinary

SWAP

Opening Long

1,168

28.4686 GBP

12.5p ordinary

SWAP

Decreasing Long

106

28.5137 GBP

12.5p ordinary

SWAP

Decreasing Short

57

28.3600 GBP

12.5p ordinary

SWAP

Decreasing Short

3,093

28.4800 GBP

12.5p ordinary

SWAP

Decreasing Short

107

28.5000 GBP

12.5p ordinary

SWAP

Increasing Short

33

28.2600 GBP

12.5p ordinary

SWAP

Increasing Short

4,679

28.4416 GBP

12.5p ordinary

SWAP

Increasing Short

980

28.4870 GBP

12.5p ordinary

SWAP

Increasing Short

217

28.5600 GBP

12.5p ordinary

SWAP

Increasing Long

223

28.3556 GBP

12.5p ordinary

SWAP

Increasing Long

117

28.3595 GBP

12.5p ordinary

SWAP

Increasing Long

150

28.4059 GBP

12.5p ordinary

SWAP

Increasing Long

1,477

28.4153 GBP

12.5p ordinary

SWAP

Increasing Long

24

28.4597 GBP

12.5p ordinary

SWAP

Increasing Long

9,144

28.4797 GBP

12.5p ordinary

SWAP

Increasing Long

266

28.4805 GBP

12.5p ordinary

SWAP

Decreasing Long

1,652

28.4802 GBP

12.5p ordinary

SWAP

Decreasing Long

869

28.5132 GBP

12.5p ordinary

SWAP

Decreasing Long

706

28.5133 GBP

12.5p ordinary

SWAP

Decreasing Long

52

28.5205 GBP

12.5p ordinary

SWAP

Decreasing Long

529

28.5587 GBP

12.5p ordinary

SWAP

Decreasing Short

28

28.4798 GBP

12.5p ordinary

SWAP

Decreasing Short

1,527

28.4749 GBP

12.5p ordinary

SWAP

Decreasing Short

14

28.4200 GBP

12.5p ordinary

SWAP

Decreasing Short

18

28.4800 GBP

12.5p ordinary

SWAP

Increasing Short

589

28.4800 GBP

12.5p ordinary

SWAP

Increasing Short

785

28.4901 GBP

12.5p ordinary

SWAP

Increasing Short

800

28.5131 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:

30 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213