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:

06 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:

1,204,865

1.02%

156,207

0.13%

(2) Cash-settled derivatives:

123,101

0.10%

1,025,199

0.86%

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

0

0.00%

0

0.00%

TOTAL: 

1,327,966

1.12%

1,181,406

1.00%

(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

138603

26.8600 GBP

26.4200 GBP

12.5p ordinary

Sale

136657

26.8093 GBP

26.4200 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

43

26.7323 GBP

12.5p ordinary

CFD

Decreasing Short

2,339

26.7429 GBP

12.5p ordinary

CFD

Increasing Short

1,079

26.6414 GBP

12.5p ordinary

CFD

Increasing Short

631

26.7543 GBP

12.5p ordinary

CFD

Increasing Short

2,321

26.7800 GBP

12.5p ordinary

CFD

Increasing Short

18

26.7877 GBP

12.5p ordinary

SWAP

Increasing Short

142

26.7460 GBP

12.5p ordinary

SWAP

Opening Long

106

26.6520 GBP

12.5p ordinary

SWAP

Increasing Long

1,084

26.7786 GBP

12.5p ordinary

SWAP

Closing Long

1,160

26.7800 GBP

12.5p ordinary

SWAP

Opening Long

109

26.5950 GBP

12.5p ordinary

SWAP

Increasing Long

84,405

26.7800 GBP

12.5p ordinary

SWAP

Increasing Long

186

26.8339 GBP

12.5p ordinary

SWAP

Decreasing Long

1,452

26.6954 GBP

12.5p ordinary

SWAP

Decreasing Long

289

26.7840 GBP

12.5p ordinary

SWAP

Decreasing Short

126

26.5936 GBP

12.5p ordinary

SWAP

Decreasing Short

717

26.6804 GBP

12.5p ordinary

SWAP

Decreasing Short

340

26.7382 GBP

12.5p ordinary

SWAP

Decreasing Short

4,189

26.7800 GBP

12.5p ordinary

SWAP

Decreasing Short

10

26.8800 GBP

12.5p ordinary

SWAP

Increasing Short

15,692

26.6514 GBP

12.5p ordinary

SWAP

Increasing Short

260

26.6800 GBP

12.5p ordinary

SWAP

Increasing Short

299

26.7667 GBP

12.5p ordinary

SWAP

Increasing Short

3,495

26.7800 GBP

12.5p ordinary

SWAP

Increasing Long

533

26.5679 GBP

12.5p ordinary

SWAP

Increasing Long

40

26.6298 GBP

12.5p ordinary

SWAP

Increasing Long

652

26.7600 GBP

12.5p ordinary

SWAP

Increasing Long

50

26.7751 GBP

12.5p ordinary

SWAP

Increasing Long

78

26.7779 GBP

12.5p ordinary

SWAP

Decreasing Long

1,173

26.6868 GBP

12.5p ordinary

SWAP

Decreasing Long

48

26.6902 GBP

12.5p ordinary

SWAP

Decreasing Long

788

26.6911 GBP

12.5p ordinary

SWAP

Decreasing Long

1,973

26.7201 GBP

12.5p ordinary

SWAP

Decreasing Long

145

26.7254 GBP

12.5p ordinary

SWAP

Decreasing Long

1,587

26.7268 GBP

12.5p ordinary

SWAP

Decreasing Long

365

26.7271 GBP

12.5p ordinary

SWAP

Decreasing Long

1,026

26.7394 GBP

12.5p ordinary

SWAP

Decreasing Long

789

26.7693 GBP

12.5p ordinary

SWAP

Opening Short

35,286

26.7802 GBP

12.5p ordinary

SWAP

Opening Short

170

26.5459 GBP

12.5p ordinary

SWAP

Increasing Short

85

26.5509 GBP

12.5p ordinary

SWAP

Increasing Short

364

26.5586 GBP

12.5p ordinary

SWAP

Increasing Short

170

26.5759 GBP

12.5p ordinary

SWAP

Increasing Short

931

26.5878 GBP

12.5p ordinary

SWAP

Increasing Short

630

26.6279 GBP

12.5p ordinary

SWAP

Increasing Short

1,148

26.6289 GBP

12.5p ordinary

SWAP

Increasing Short

473

26.6396 GBP

12.5p ordinary

SWAP

Increasing Short

763

26.6456 GBP

12.5p ordinary

SWAP

Increasing Short

94

26.6609 GBP

12.5p ordinary

SWAP

Increasing Short

83

26.6809 GBP

12.5p ordinary

SWAP

Increasing Short

15

26.7010 GBP

12.5p ordinary

SWAP

Increasing Short

64

26.7349 GBP

12.5p ordinary

SWAP

Increasing Short

288

26.7443 GBP

12.5p ordinary

SWAP

Increasing Short

4,032

26.7515 GBP

12.5p ordinary

SWAP

Increasing Short

53

26.7791 GBP

12.5p ordinary

SWAP

Decreasing Short

15

26.5598 GBP

12.5p ordinary

SWAP

Decreasing Short

5,449

26.7062 GBP

12.5p ordinary

SWAP

Decreasing Short

11,106

26.7255 GBP

12.5p ordinary

SWAP

Increasing Short

3,059

26.6145 GBP

12.5p ordinary

SWAP

Increasing Short

2,131

26.7800 GBP

12.5p ordinary

SWAP

Increasing Short

1

26.6600 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:

07 Aug 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213