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:

25 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:

1,326,957

0.52%

3,533,301

1.38%

(2) Cash-settled derivatives:

3,351,764

1.30%

1,198,679

0.47%

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

0

0.00%

0

0.00%

TOTAL: 

4,678,721

1.82%

4,731,980

1.84%

(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

230843

2.6240 GBP

2.5160 GBP

5p ordinary

Purchase

134189

2.6268 GBP

2.5040 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

Opening Long

5,575

2.5920 GBP

5p ordinary

SWAP

Increasing Long

500

2.5579 GBP

5p ordinary

SWAP

Decreasing Long

5,993

2.5954 GBP

5p ordinary

CFD

Increasing Long

423

2.6077 GBP

5p ordinary

CFD

Decreasing Long

4,572

2.6142 GBP

5p ordinary

CFD

Decreasing Long

3,051

2.6175 GBP

5p ordinary

SWAP

Decreasing Short

64

2.5919 GBP

5p ordinary

SWAP

Decreasing Short

322

2.6054 GBP

5p ordinary

SWAP

Increasing Short

900

2.5864 GBP

5p ordinary

SWAP

Increasing Long

7,340

2.5910 GBP

5p ordinary

SWAP

Decreasing Long

18,433

2.6140 GBP

5p ordinary

SWAP

Decreasing Long

102

2.6149 GBP

5p ordinary

SWAP

Closing Long

1,400

2.6140 GBP

5p ordinary

SWAP

Decreasing Short

56,477

2.5986 GBP

5p ordinary

SWAP

Decreasing Short

34,756

2.6079 GBP

5p ordinary

SWAP

Increasing Short

3,651

2.6121 GBP

5p ordinary

SWAP

Increasing Long

1,467

2.5540 GBP

5p ordinary

SWAP

Increasing Long

1,488

2.5648 GBP

5p ordinary

SWAP

Increasing Long

52

2.5860 GBP

5p ordinary

SWAP

Increasing Long

16,182

2.6167 GBP

5p ordinary

SWAP

Decreasing Long

8,392

2.6001 GBP

5p ordinary

SWAP

Decreasing Long

17,853

2.6140 GBP

5p ordinary

SWAP

Increasing Long

11

2.5199 GBP

5p ordinary

SWAP

Increasing Long

754

2.5581 GBP

5p ordinary

SWAP

Increasing Long

5,050

2.5715 GBP

5p ordinary

SWAP

Increasing Long

1,305

2.5748 GBP

5p ordinary

SWAP

Increasing Long

1,559

2.5750 GBP

5p ordinary

SWAP

Increasing Long

5,016

2.5789 GBP

5p ordinary

SWAP

Increasing Long

3,419

2.5841 GBP

5p ordinary

SWAP

Increasing Long

170

2.6079 GBP

5p ordinary

SWAP

Increasing Long

258

2.6111 GBP

5p ordinary

SWAP

Increasing Long

41,140

2.6139 GBP

5p ordinary

SWAP

Decreasing Long

1,933

2.5743 GBP

5p ordinary

SWAP

Decreasing Long

9,754

2.6140 GBP

5p ordinary

SWAP

Decreasing Long

965

2.6170 GBP

5p ordinary

SWAP

Decreasing Long

1,998

2.6187 GBP

5p ordinary

SWAP

Decreasing Long

10,533

2.6218 GBP

5p ordinary

SWAP

Decreasing Long

156

2.6268 GBP

5p ordinary

SWAP

Decreasing Long

130

2.6283 GBP

5p ordinary

SWAP

Decreasing Long

88

2.6300 GBP

5p ordinary

SWAP

Decreasing Short

1,625

2.6048 GBP

5p ordinary

SWAP

Increasing Short

250

2.5620 GBP

5p ordinary

SWAP

Decreasing Short

36

2.5919 GBP

5p ordinary

SWAP

Decreasing Short

178

2.6053 GBP

5p ordinary

SWAP

Increasing Long

20,217

2.6057 GBP

5p ordinary

SWAP

Decreasing Long

59

2.6003 GBP

5p ordinary

SWAP

Decreasing Long

7,054

2.6050 GBP

5p ordinary

SWAP

Decreasing Long

193

2.6142 GBP

5p ordinary

SWAP

Increasing Long

12,495

2.6206 GBP

5p ordinary

SWAP

Decreasing Long

742

2.5685 GBP

5p ordinary

SWAP

Decreasing Long

16,962

2.6140 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:

26 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213