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:

11 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:

908,687

0.35%

3,701,951

1.44%

(2) Cash-settled derivatives:

3,487,853

1.36%

786,993

0.31%

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

0

0.00%

0

0.00%

TOTAL: 

4,396,540

1.71%

4,488,944

1.75%

(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

1122050

2.5081 GBP

2.3710 GBP

5p ordinary

Purchase

1476976

2.5120 GBP

2.3795 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

382

2.3819 GBP

5p ordinary

SWAP

Decreasing Long

40,631

2.3988 GBP

5p ordinary

SWAP

Closing Long

47

2.4925 GBP

5p ordinary

SWAP

Increasing Long

5,289

2.3981 GBP

5p ordinary

SWAP

Decreasing Long

12,437

2.4963 GBP

5p ordinary

CFD

Increasing Long

10

2.4420 GBP

5p ordinary

CFD

Increasing Long

18,250

2.4871 GBP

5p ordinary

CFD

Decreasing Long

22,781

2.4539 GBP

5p ordinary

CFD

Decreasing Long

9,851

2.4633 GBP

5p ordinary

SWAP

Closing Long

17,239

2.3988 GBP

5p ordinary

SWAP

Decreasing Short

892

2.4138 GBP

5p ordinary

SWAP

Increasing Short

238

2.4870 GBP

5p ordinary

SWAP

Increasing Long

625

2.5078 GBP

5p ordinary

SWAP

Closing Long

740

2.5080 GBP

5p ordinary

SWAP

Closing Long

13,768

2.3988 GBP

5p ordinary

SWAP

Closing Long

8,853

2.3988 GBP

5p ordinary

SWAP

Decreasing Short

155

2.4979 GBP

5p ordinary

SWAP

Increasing Long

977

2.4620 GBP

5p ordinary

SWAP

Increasing Long

2,917

2.4222 GBP

5p ordinary

SWAP

Increasing Long

40,409

2.4661 GBP

5p ordinary

SWAP

Increasing Long

11,239

2.5080 GBP

5p ordinary

SWAP

Decreasing Long

918

2.3880 GBP

5p ordinary

SWAP

Decreasing Long

615

2.4600 GBP

5p ordinary

SWAP

Decreasing Long

19,756

2.4743 GBP

5p ordinary

SWAP

Increasing Long

4,369

2.3880 GBP

5p ordinary

SWAP

Increasing Long

2,622

2.3999 GBP

5p ordinary

SWAP

Increasing Long

42

2.4009 GBP

5p ordinary

SWAP

Increasing Long

428

2.4099 GBP

5p ordinary

SWAP

Decreasing Long

943

2.4674 GBP

5p ordinary

SWAP

Decreasing Long

18,451

2.4696 GBP

5p ordinary

SWAP

Decreasing Long

134,491

2.4752 GBP

5p ordinary

SWAP

Decreasing Long

18,962

2.4840 GBP

5p ordinary

SWAP

Decreasing Long

9,037

2.4922 GBP

5p ordinary

SWAP

Decreasing Long

7,285

2.4929 GBP

5p ordinary

SWAP

Decreasing Long

33,086

2.4947 GBP

5p ordinary

SWAP

Decreasing Long

3,745

2.4979 GBP

5p ordinary

SWAP

Decreasing Long

13,756

2.4992 GBP

5p ordinary

SWAP

Decreasing Long

11,251

2.5044 GBP

5p ordinary

SWAP

Decreasing Long

40,517

2.5080 GBP

5p ordinary

SWAP

Decreasing Short

500

2.4782 GBP

5p ordinary

SWAP

Decreasing Long

36,292

2.3988 GBP

5p ordinary

SWAP

Decreasing Long

1,479

2.4726 GBP

5p ordinary

SWAP

Decreasing Long

914

2.4789 GBP

5p ordinary

SWAP

Decreasing Long

1,273

2.4902 GBP

5p ordinary

SWAP

Decreasing Long

1,649

2.4925 GBP

5p ordinary

SWAP

Decreasing Long

1,533

2.4949 GBP

5p ordinary

SWAP

Decreasing Long

885

2.5048 GBP

5p ordinary

SWAP

Closing Long

2,714

2.5080 GBP

5p ordinary

SWAP

Decreasing Long

16,747

2.5080 GBP

5p ordinary

SWAP

Decreasing Short

17,214

2.4833 GBP

5p ordinary

SWAP

Increasing Short

940

2.4664 GBP

5p ordinary

SWAP

Increasing Short

6,475

2.4907 GBP

5p ordinary

SWAP

Increasing Long

29,888

2.4692 GBP

5p ordinary

SWAP

Increasing Long

14,522

2.5080 GBP

5p ordinary

SWAP

Decreasing Long

84

2.4020 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:

12 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213