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:

27 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:

1,075,747

0.90%

213,645

0.18%

(2) Cash-settled derivatives:

170,665

0.14%

1,019,492

0.86%

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

0

0.00%

0

0.00%

TOTAL: 

1,246,412

1.05%

1,233,137

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

23433

25.7000 GBP

25.4400 GBP

12.5p ordinary

Sale

28344

25.7000 GBP

25.4400 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

104

25.5163 GBP

12.5p ordinary

SWAP

Decreasing Long

118

25.5601 GBP

12.5p ordinary

SWAP

Decreasing Long

167

25.4400 GBP

12.5p ordinary

SWAP

Decreasing Long

167

25.5943 GBP

12.5p ordinary

SWAP

Decreasing Long

203

25.5587 GBP

12.5p ordinary

SWAP

Decreasing Long

281

25.4868 GBP

12.5p ordinary

SWAP

Decreasing Long

309

25.5931 GBP

12.5p ordinary

SWAP

Decreasing Long

3,243

25.4401 GBP

12.5p ordinary

SWAP

Decreasing Short

11

25.4779 GBP

12.5p ordinary

SWAP

Decreasing Short

166

25.4800 GBP

12.5p ordinary

SWAP

Decreasing Short

235

25.5805 GBP

12.5p ordinary

SWAP

Decreasing Short

435

25.6150 GBP

12.5p ordinary

CFD

Decreasing Short

571

25.5778 GBP

12.5p ordinary

CFD

Decreasing Short

1,241

25.4501 GBP

12.5p ordinary

SWAP

Decreasing Short

1,961

25.4744 GBP

12.5p ordinary

CFD

Decreasing Short

3,190

25.4400 GBP

12.5p ordinary

SWAP

Decreasing Short

4,093

25.4400 GBP

12.5p ordinary

CFD

Decreasing Short

4,831

25.5586 GBP

12.5p ordinary

SWAP

Increasing Long

83

25.5600 GBP

12.5p ordinary

SWAP

Increasing Long

262

25.5361 GBP

12.5p ordinary

SWAP

Increasing Long

3,753

25.4400 GBP

12.5p ordinary

SWAP

Increasing Short

100

25.5200 GBP

12.5p ordinary

CFD

Increasing Short

124

25.4450 GBP

12.5p ordinary

CFD

Increasing Short

423

25.6615 GBP

12.5p ordinary

SWAP

Increasing Short

426

25.5692 GBP

12.5p ordinary

CFD

Increasing Short

756

25.4420 GBP

12.5p ordinary

CFD

Increasing Short

1,863

25.5339 GBP

12.5p ordinary

CFD

Increasing Short

3,190

25.4831 GBP

12.5p ordinary

CFD

Increasing Short

4,831

25.5586 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:

28 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213