Form 8.5 (EPT/NON-RI) - Crest Nicholson Hold 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

CREST NICHOLSON HOLDINGS PLC

relevant securities this form relates:

(c)

Name of the party to the offer with which exempt

CREST NICHOLSON HOLDINGS PLC

principal trader is connected

(d)

Date position held/dealing undertaken:

13 Aug 2024

(e)

In addition to the company in 1(b) above, is the exempt principal

YES:

trader making disclosures in respect of any other party to the offer?

BELLWAY 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:

5p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

2,343,363

0.91%

2,959,768

1.15%

(2)

Cash-settled derivatives:

and/or controlled:

2,818,904

1.10%

1,916,480

0.75%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

5,162,267

2.01%

4,876,248

1.90%

(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)

Purchases and sales

Class of relevant

Purchase/sale

Total number of

Highest price per unit

Lowest price per unit

security

securities

paid/received

paid/received

5p ordinary

Purchase

2,119,801

2.6044 GBP

2.0840 GBP

5p ordinary

Sale

933,956

2.6379 GBP

2.0840 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

5p ordinary

SWAP

Opening Long

5,087

2.2174 GBP

5p ordinary

SWAP

Increasing Long

34,737

2.1814 GBP

5p ordinary

SWAP

Decreasing Long

12,164

2.0880 GBP

5p ordinary

CFD

Increasing Long

373

2.1910 GBP

5p ordinary

CFD

Increasing Long

7,430

2.2344 GBP

5p ordinary

CFD

Decreasing Long

7,254

2.3131 GBP

5p ordinary

CFD

Decreasing Long

31

2.3603 GBP

5p ordinary

SWAP

Decreasing Short

1,851

2.2782 GBP

5p ordinary

SWAP

Decreasing Short

316

2.1284 GBP

5p ordinary

SWAP

Decreasing Short

38,989

2.1606 GBP

5p ordinary

SWAP

Increasing Short

20,288

2.0880 GBP

5p ordinary

SWAP

Increasing Short

7

2.0957 GBP

5p ordinary

SWAP

Increasing Short

350,952

2.2289 GBP

5p ordinary

SWAP

Increasing Short

34,958

2.3154 GBP

5p ordinary

SWAP

Increasing Long

6,399

2.1134 GBP

5p ordinary

SWAP

Increasing Long

90,032

2.1328 GBP

5p ordinary

SWAP

Increasing Long

55,911

2.1788 GBP

5p ordinary

SWAP

Increasing Long

34,705

2.1809 GBP

5p ordinary

SWAP

Increasing Long

181

2.6260 GBP

5p ordinary

SWAP

Decreasing Long

39,670

2.0880 GBP

5p ordinary

SWAP

Decreasing Long

5,746

2.1996 GBP

5p ordinary

SWAP

Decreasing Long

300,000

2.2168 GBP

5p ordinary

SWAP

Decreasing Long

9,834

2.2375 GBP

5p ordinary

SWAP

Increasing Long

12,771

2.1108 GBP

5p ordinary

SWAP

Increasing Long

29,498

2.1437 GBP

5p ordinary

SWAP

Increasing Long

1,871

2.2178 GBP

5p ordinary

SWAP

Increasing Long

4,784

2.3294 GBP

5p ordinary

SWAP

Increasing Long

1,423

2.3719 GBP

5p ordinary

SWAP

Increasing Long

2,408

2.4282 GBP

5p ordinary

SWAP

Increasing Long

28

2.6379 GBP

5p ordinary

SWAP

Decreasing Long

29,747

2.0880 GBP

5p ordinary

SWAP

Decreasing Long

1,082

2.1394 GBP

5p ordinary

SWAP

Decreasing Long

1,314

2.2000 GBP

5p ordinary

SWAP

Decreasing Long

13,418

2.2057 GBP

5p ordinary

SWAP

Decreasing Long

9,911

2.3716 GBP

5p ordinary

SWAP

Decreasing Long

19,648

2.3746 GBP

5p ordinary

SWAP

Opening Long

5,000

2.4105 GBP

5p ordinary

SWAP

Closing Long

125

2.6402 GBP

5p ordinary

SWAP

Decreasing Short

203

2.5475 GBP

5p ordinary

SWAP

Increasing Long

16,871

2.1994 GBP

5p ordinary

SWAP

Increasing Long

324

2.3173 GBP

5p ordinary

SWAP

Increasing Long

8,294

2.1057 GBP

5p ordinary

SWAP

Increasing Long

105,305

2.1332 GBP

5p ordinary

SWAP

Increasing Long

21,052

2.1754 GBP

5p ordinary

SWAP

Increasing Long

23,252

2.2052 GBP

5p ordinary

SWAP

Decreasing Long

32,113

2.0880 GBP

5p ordinary

SWAP

Decreasing Long

6,067

2.2023 GBP

5p ordinary

SWAP

Decreasing Long

3,082

2.2113 GBP

5p ordinary

SWAP

Opening Short

700,000

2.2168 GBP

5p ordinary

SWAP

Increasing Short

11,387

2.4735 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

date

money

relevant

selling,

securities

per unit

paid/

security

varying etc

to which

received

option

per unit

relates

(ii)

Exercising

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

securities

unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

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