Form 8.5 (EPT/NON-RI) CREST NICHOLSON HOLDINGS 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:

CREST NICHOLSON HOLDINGS 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:

18 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: 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:

920,567

0.36%

3,752,446

1.46%

(2) Cash-settled derivatives:

3,544,551

1.38%

787,888

0.31%

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

0

0.00%

0

0.00%

TOTAL: 

4,465,118

1.74%

4,540,334

1.77%

(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

5p ordinary

Sale

246033

2.6254 GBP

2.5564 GBP

5p ordinary

Purchase

249123

2.6280 GBP

2.5646 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

5p ordinary

SWAP

Increasing Long

1,100

2.5716 GBP

5p ordinary

SWAP

Decreasing Long

23,171

2.5975 GBP

5p ordinary

CFD

Increasing Long

10,749

2.6017 GBP

5p ordinary

CFD

Decreasing Long

13,494

2.5822 GBP

5p ordinary

SWAP

Decreasing Short

1,870

2.5773 GBP

5p ordinary

SWAP

Increasing Short

400

2.5810 GBP

5p ordinary

SWAP

Increasing Long

1,852

2.5765 GBP

5p ordinary

SWAP

Increasing Long

959

2.5818 GBP

5p ordinary

SWAP

Opening Long

1,435

2.5895 GBP

5p ordinary

SWAP

Decreasing Short

53,940

2.5818 GBP

5p ordinary

SWAP

Increasing Short

46,282

2.5646 GBP

5p ordinary

SWAP

Increasing Short

9,670

2.5897 GBP

5p ordinary

SWAP

Decreasing Short

148

2.6099 GBP

5p ordinary

SWAP

Increasing Long

432

2.5740 GBP

5p ordinary

SWAP

Increasing Long

17

2.5480 GBP

5p ordinary

SWAP

Increasing Long

488

2.5564 GBP

5p ordinary

SWAP

Increasing Long

1,530

2.5840 GBP

5p ordinary

SWAP

Increasing Long

16,173

2.5918 GBP

5p ordinary

SWAP

Increasing Long

14,940

2.5963 GBP

5p ordinary

SWAP

Increasing Long

1,114

2.6254 GBP

5p ordinary

SWAP

Decreasing Long

12,041

2.5750 GBP

5p ordinary

SWAP

Decreasing Long

3,034

2.5767 GBP

5p ordinary

SWAP

Decreasing Long

13,253

2.5820 GBP

5p ordinary

SWAP

Decreasing Long

297

2.6280 GBP

5p ordinary

SWAP

Increasing Long

160

2.5668 GBP

5p ordinary

SWAP

Increasing Long

161

2.5724 GBP

5p ordinary

SWAP

Increasing Long

19,069

2.5763 GBP

5p ordinary

SWAP

Increasing Long

6,979

2.5788 GBP

5p ordinary

SWAP

Increasing Long

400

2.5806 GBP

5p ordinary

SWAP

Increasing Long

21,054

2.5814 GBP

5p ordinary

SWAP

Increasing Long

2,215

2.6187 GBP

5p ordinary

SWAP

Decreasing Long

44,146

2.5820 GBP

5p ordinary

SWAP

Decreasing Long

1,180

2.5826 GBP

5p ordinary

SWAP

Decreasing Long

699

2.6171 GBP

5p ordinary

SWAP

Decreasing Long

144

2.6270 GBP

5p ordinary

SWAP

Decreasing Short

375

2.6210 GBP

5p ordinary

SWAP

Increasing Short

375

2.5737 GBP

5p ordinary

SWAP

Decreasing Short

147

2.6259 GBP

5p ordinary

SWAP

Decreasing Short

17,276

2.5848 GBP

5p ordinary

SWAP

Increasing Short

3,821

2.5844 GBP

5p ordinary

SWAP

Increasing Long

3,059

2.5840 GBP

5p ordinary

SWAP

Increasing Long

6,922

2.6046 GBP

5p ordinary

SWAP

Increasing Long

4,008

2.6196 GBP

5p ordinary

SWAP

Decreasing Long

10,733

2.5786 GBP

5p ordinary

SWAP

Decreasing Long

3,897

2.5802 GBP

5p ordinary

SWAP

Decreasing Long

4,655

2.5820 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:

19 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213