Form 8.5 (EPT/NON-RI)BELLWAY 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:

BELLWAY 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:

04 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: CREST NICHOLSON HOLDINGS 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:

12.5p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,032,122

0.87%

270,674

0.23%

(2) Cash-settled derivatives:

219,726

0.18%

976,641

0.82%

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

0

0.00%

0

0.00%

TOTAL: 

1,251,848

1.05%

1,247,315

1.05%

(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

12.5p ordinary

Purchase

11886

26.6174 GBP

26.3200 GBP

12.5p ordinary

Sale

62496

26.6400 GBP

26.3808 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

12.5p ordinary

CFD

Decreasing Short

2,247

26.4297 GBP

12.5p ordinary

CFD

Decreasing Short

1,823

26.4629 GBP

12.5p ordinary

CFD

Decreasing Short

1,860

26.5340 GBP

12.5p ordinary

CFD

Increasing Short

2,020

26.3601 GBP

12.5p ordinary

CFD

Increasing Short

227

26.6000 GBP

12.5p ordinary

SWAP

Decreasing Short

204

26.4514 GBP

12.5p ordinary

SWAP

Decreasing Short

32

26.4200 GBP

12.5p ordinary

SWAP

Decreasing Short

1,745

26.4364 GBP

12.5p ordinary

SWAP

Decreasing Short

8,835

26.5270 GBP

12.5p ordinary

SWAP

Decreasing Short

116

26.5356 GBP

12.5p ordinary

SWAP

Decreasing Short

2,559

26.5980 GBP

12.5p ordinary

SWAP

Decreasing Short

9,911

26.6000 GBP

12.5p ordinary

SWAP

Increasing Short

168

26.4207 GBP

12.5p ordinary

SWAP

Increasing Short

29

26.4400 GBP

12.5p ordinary

SWAP

Increasing Short

51

26.4600 GBP

12.5p ordinary

SWAP

Increasing Short

2,360

26.6000 GBP

12.5p ordinary

SWAP

Increasing Long

459

26.4111 GBP

12.5p ordinary

SWAP

Increasing Long

104

26.4198 GBP

12.5p ordinary

SWAP

Increasing Long

720

26.4527 GBP

12.5p ordinary

SWAP

Increasing Long

1,039

26.4738 GBP

12.5p ordinary

SWAP

Increasing Long

2,741

26.4975 GBP

12.5p ordinary

SWAP

Increasing Long

157

26.5022 GBP

12.5p ordinary

SWAP

Increasing Long

428

26.5222 GBP

12.5p ordinary

SWAP

Increasing Long

1,369

26.5507 GBP

12.5p ordinary

SWAP

Increasing Long

1

26.5998 GBP

12.5p ordinary

SWAP

Decreasing Long

25

26.5401 GBP

12.5p ordinary

SWAP

Decreasing Long

82

26.5909 GBP

12.5p ordinary

SWAP

Decreasing Long

134

26.6091 GBP

12.5p ordinary

SWAP

Decreasing Long

537

26.6194 GBP

12.5p ordinary

SWAP

Decreasing Short

850

26.6373 GBP

12.5p ordinary

SWAP

Increasing Long

1,238

26.5220 GBP

12.5p ordinary

SWAP

Increasing Long

306

26.5395 GBP

12.5p ordinary

SWAP

Increasing Long

2,422

26.5593 GBP

12.5p ordinary

SWAP

Decreasing Short

3,401

26.5226 GBP

12.5p ordinary

SWAP

Increasing Long

1,435

26.4708 GBP

12.5p ordinary

SWAP

Increasing Long

1,296

26.4844 GBP

12.5p ordinary

SWAP

Increasing Long

8,722

26.6000 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:

05 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213