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:

22 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:

835,414

0.33%

3,822,898

1.49%

(2) Cash-settled derivatives:

3,617,114

1.41%

704,846

0.27%

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

0

0.00%

0

0.00%

TOTAL: 

4,452,528

1.73%

4,527,744

1.76%

(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

453874

2.5800 GBP

2.5337 GBP

5p ordinary

Purchase

323858

2.5800 GBP

2.5400 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

400

2.5799 GBP

5p ordinary

SWAP

Decreasing Long

265

2.5570 GBP

5p ordinary

CFD

Increasing Long

7,433

2.5624 GBP

5p ordinary

CFD

Decreasing Long

1,792

2.5321 GBP

5p ordinary

SWAP

Decreasing Short

3,701

2.5671 GBP

5p ordinary

SWAP

Decreasing Long

4

2.5600 GBP

5p ordinary

SWAP

Decreasing Short

9,510

2.5649 GBP

5p ordinary

SWAP

Decreasing Short

24,142

2.5660 GBP

5p ordinary

SWAP

Increasing Short

2,797

2.5707 GBP

5p ordinary

SWAP

Decreasing Short

153

2.5459 GBP

5p ordinary

SWAP

Increasing Long

1,541

2.5517 GBP

5p ordinary

SWAP

Increasing Long

1,639

2.5520 GBP

5p ordinary

SWAP

Increasing Long

5,286

2.5626 GBP

5p ordinary

SWAP

Decreasing Long

4,048

2.5615 GBP

5p ordinary

SWAP

Decreasing Long

9,779

2.5622 GBP

5p ordinary

SWAP

Decreasing Long

12,715

2.5659 GBP

5p ordinary

SWAP

Decreasing Long

322

2.5740 GBP

5p ordinary

SWAP

Increasing Long

52,018

2.5323 GBP

5p ordinary

SWAP

Increasing Long

51,333

2.5659 GBP

5p ordinary

SWAP

Increasing Long

89

2.5739 GBP

5p ordinary

SWAP

Increasing Long

699

2.5759 GBP

5p ordinary

SWAP

Increasing Long

1,294

2.5799 GBP

5p ordinary

SWAP

Increasing Long

789

2.5819 GBP

5p ordinary

SWAP

Decreasing Long

339

2.5570 GBP

5p ordinary

SWAP

Decreasing Long

556

2.5583 GBP

5p ordinary

SWAP

Decreasing Long

341

2.5638 GBP

5p ordinary

SWAP

Decreasing Long

3

2.5660 GBP

5p ordinary

SWAP

Decreasing Long

51

2.5703 GBP

5p ordinary

SWAP

Decreasing Long

1,933

2.5800 GBP

5p ordinary

SWAP

Decreasing Short

277

2.5702 GBP

5p ordinary

SWAP

Decreasing Short

16,028

2.5632 GBP

5p ordinary

SWAP

Increasing Short

3,598

2.5618 GBP

5p ordinary

SWAP

Increasing Short

84

2.5644 GBP

5p ordinary

SWAP

Increasing Long

1,148

2.5641 GBP

5p ordinary

SWAP

Increasing Long

5,095

2.5695 GBP

5p ordinary

SWAP

Decreasing Long

2,459

2.5598 GBP

5p ordinary

SWAP

Decreasing Long

3,708

2.5610 GBP

5p ordinary

SWAP

Decreasing Long

7,765

2.5660 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:

23 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213