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:

20 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: 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:

1,343,566

0.52%

4,375,470

1.70%

(2) Cash-settled derivatives:

4,285,657

1.67%

1,100,299

0.43%

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

0

0.00%

0

0.00%

TOTAL: 

5,629,223

2.19%

5,475,769

2.13%

(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

209405

2.4541 GBP

2.4146 GBP

5p ordinary

Purchase

162585

2.4540 GBP

2.4143 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

Decreasing Long

74

2.4380 GBP

5p ordinary

SWAP

Decreasing Long

200

2.4400 GBP

5p ordinary

SWAP

Decreasing Long

224

2.4280 GBP

5p ordinary

SWAP

Decreasing Long

670

2.4192 GBP

5p ordinary

CFD

Decreasing Long

1,318

2.4201 GBP

5p ordinary

SWAP

Decreasing Long

2,582

2.4197 GBP

5p ordinary

SWAP

Decreasing Long

3,157

2.4296 GBP

5p ordinary

SWAP

Decreasing Long

3,468

2.4213 GBP

5p ordinary

SWAP

Decreasing Long

3,644

2.4000 GBP

5p ordinary

SWAP

Decreasing Long

3,655

2.4321 GBP

5p ordinary

SWAP

Decreasing Long

4,017

2.4217 GBP

5p ordinary

SWAP

Decreasing Long

5,593

2.4269 GBP

5p ordinary

CFD

Decreasing Long

7,182

2.4288 GBP

5p ordinary

SWAP

Decreasing Long

7,828

2.4206 GBP

5p ordinary

SWAP

Decreasing Long

10,361

2.4464 GBP

5p ordinary

SWAP

Decreasing Long

20,646

2.4540 GBP

5p ordinary

SWAP

Decreasing Long

20,723

2.4442 GBP

5p ordinary

SWAP

Decreasing Short

109

2.4299 GBP

5p ordinary

SWAP

Decreasing Short

218

2.4378 GBP

5p ordinary

SWAP

Decreasing Short

4,330

2.4218 GBP

5p ordinary

SWAP

Decreasing Short

53,586

2.4341 GBP

5p ordinary

SWAP

Increasing Long

150

2.4160 GBP

5p ordinary

SWAP

Increasing Long

198

2.4191 GBP

5p ordinary

SWAP

Increasing Long

247

2.4183 GBP

5p ordinary

SWAP

Increasing Long

813

2.4206 GBP

5p ordinary

SWAP

Increasing Long

2,123

2.4210 GBP

5p ordinary

SWAP

Increasing Long

3,401

2.4313 GBP

5p ordinary

SWAP

Increasing Long

3,600

2.4241 GBP

5p ordinary

SWAP

Increasing Long

5,727

2.4298 GBP

5p ordinary

SWAP

Increasing Long

6,623

2.4230 GBP

5p ordinary

CFD

Increasing Long

9,374

2.4354 GBP

5p ordinary

SWAP

Increasing Long

54,198

2.4540 GBP

5p ordinary

SWAP

Increasing Short

250

2.4136 GBP

5p ordinary

SWAP

Increasing Short

2,285

2.4227 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:

21 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213