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:

13 Aug 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:

934,356

0.79%

45,264

0.04%

(2) Cash-settled derivatives:

34,718

0.03%

1,113,011

0.94%

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

0

0.00%

0

0.00%

TOTAL: 

969,074

0.81%

1,158,275

0.97%

(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

117300

29.9800 GBP

28.0100 GBP

12.5p ordinary

Sale

488700

29.9980 GBP

28.0125 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

10

29.2150 GBP

12.5p ordinary

CFD

Decreasing Short

381

29.2846 GBP

12.5p ordinary

CFD

Decreasing Short

4,833

29.3200 GBP

12.5p ordinary

CFD

Decreasing Short

878

29.4367 GBP

12.5p ordinary

CFD

Decreasing Short

360

29.4404 GBP

12.5p ordinary

CFD

Increasing Short

621

29.0546 GBP

12.5p ordinary

CFD

Increasing Short

438

29.0753 GBP

12.5p ordinary

CFD

Increasing Short

1,153

29.2490 GBP

12.5p ordinary

CFD

Increasing Short

34

29.3288 GBP

12.5p ordinary

CFD

Increasing Short

5,193

29.4913 GBP

12.5p ordinary

SWAP

Decreasing Short

308

28.1035 GBP

12.5p ordinary

SWAP

Increasing Short

65

29.2015 GBP

12.5p ordinary

SWAP

Opening Short

34

29.2767 GBP

12.5p ordinary

SWAP

Opening Long

7,388

28.8458 GBP

12.5p ordinary

SWAP

Decreasing Long

2,241

28.7587 GBP

12.5p ordinary

SWAP

Decreasing Long

4,377

29.3200 GBP

12.5p ordinary

SWAP

Decreasing Long

4,621

29.3243 GBP

12.5p ordinary

SWAP

Opening Short

4,922

29.1672 GBP

12.5p ordinary

SWAP

Increasing Short

12,118

29.1945 GBP

12.5p ordinary

SWAP

Increasing Short

25,558

29.2746 GBP

12.5p ordinary

SWAP

Decreasing Short

92

28.1800 GBP

12.5p ordinary

SWAP

Decreasing Short

5,865

28.9981 GBP

12.5p ordinary

SWAP

Decreasing Short

43,241

29.1060 GBP

12.5p ordinary

SWAP

Decreasing Short

520

29.2606 GBP

12.5p ordinary

SWAP

Increasing Short

84

28.0100 GBP

12.5p ordinary

SWAP

Increasing Short

5,673

28.6181 GBP

12.5p ordinary

SWAP

Increasing Short

71

28.9295 GBP

12.5p ordinary

SWAP

Increasing Short

16

29.1800 GBP

12.5p ordinary

SWAP

Increasing Short

9,546

29.3099 GBP

12.5p ordinary

SWAP

Increasing Short

7,730

29.3200 GBP

12.5p ordinary

SWAP

Decreasing Short

334

29.0689 GBP

12.5p ordinary

SWAP

Decreasing Short

250

29.1730 GBP

12.5p ordinary

SWAP

Decreasing Short

1,412

29.1854 GBP

12.5p ordinary

SWAP

Decreasing Short

4,899

29.1939 GBP

12.5p ordinary

SWAP

Decreasing Short

1,185

29.2342 GBP

12.5p ordinary

SWAP

Decreasing Short

489

29.2743 GBP

12.5p ordinary

SWAP

Decreasing Short

1,997

29.2871 GBP

12.5p ordinary

SWAP

Decreasing Short

5,847

29.3116 GBP

12.5p ordinary

SWAP

Decreasing Short

12,078

29.3197 GBP

12.5p ordinary

SWAP

Decreasing Short

216

29.3397 GBP

12.5p ordinary

SWAP

Opening Long

2,511

29.4234 GBP

12.5p ordinary

SWAP

Increasing Long

137

29.4983 GBP

12.5p ordinary

SWAP

Decreasing Long

95

29.1802 GBP

12.5p ordinary

SWAP

Decreasing Long

458

29.2047 GBP

12.5p ordinary

SWAP

Decreasing Long

132

29.2279 GBP

12.5p ordinary

SWAP

Decreasing Long

80

29.2402 GBP

12.5p ordinary

SWAP

Decreasing Long

4

29.2902 GBP

12.5p ordinary

SWAP

Decreasing Long

7

29.2945 GBP

12.5p ordinary

SWAP

Decreasing Long

21

29.3002 GBP

12.5p ordinary

SWAP

Decreasing Short

4,477

29.2417 GBP

12.5p ordinary

SWAP

Decreasing Short

2,323

29.2626 GBP

12.5p ordinary

SWAP

Decreasing Short

4,622

29.2741 GBP

12.5p ordinary

SWAP

Decreasing Short

568

29.2845 GBP

12.5p ordinary

SWAP

Decreasing Short

6,998

29.3188 GBP

12.5p ordinary

SWAP

Decreasing Short

418

29.0599 GBP

12.5p ordinary

SWAP

Decreasing Short

3,249

29.4026 GBP

12.5p ordinary

SWAP

Decreasing Short

2,991

29.1058 GBP

12.5p ordinary

SWAP

Decreasing Short

10,265

29.2970 GBP

12.5p ordinary

SWAP

Increasing Short

1,396

28.0741 GBP

12.5p ordinary

SWAP

Increasing Short

535

28.1722 GBP

12.5p ordinary

SWAP

Increasing Short

11

29.3000 GBP

12.5p ordinary

SWAP

Increasing Short

12,846

29.3128 GBP

12.5p ordinary

SWAP

Increasing Short

121

29.3400 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:

14 Aug 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213