Bellway Regulatory News (BWY)

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:

30 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:

1,089,023

0.92%

193,413

0.16%

(2) Cash-settled derivatives:

151,003

0.13%

979,148

0.82%

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

0

0.00%

0

0.00%

TOTAL: 

1,240,026

1.04%

1,172,561

0.99%

(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

103417

28.6400 GBP

28.3571 GBP

12.5p ordinary

Sale

34234

28.6400 GBP

28.3424 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

41

28.3424 GBP

12.5p ordinary

CFD

Decreasing Short

127

28.5182 GBP

12.5p ordinary

CFD

Decreasing Short

2,262

28.5800 GBP

12.5p ordinary

CFD

Increasing Short

653

28.4132 GBP

12.5p ordinary

CFD

Increasing Short

49

28.4626 GBP

12.5p ordinary

CFD

Increasing Short

2,303

28.4845 GBP

12.5p ordinary

CFD

Increasing Short

59

28.5044 GBP

12.5p ordinary

SWAP

Decreasing Short

17

28.4597 GBP

12.5p ordinary

SWAP

Opening Long

5

28.4600 GBP

12.5p ordinary

SWAP

Opening Short

28

28.4992 GBP

12.5p ordinary

SWAP

Increasing Long

841

28.5380 GBP

12.5p ordinary

SWAP

Decreasing Long

553

28.4477 GBP

12.5p ordinary

SWAP

Decreasing Short

3

28.4400 GBP

12.5p ordinary

SWAP

Decreasing Short

103

28.4600 GBP

12.5p ordinary

SWAP

Decreasing Short

1,354

28.5179 GBP

12.5p ordinary

SWAP

Increasing Short

95

28.4886 GBP

12.5p ordinary

SWAP

Increasing Short

4,150

28.4986 GBP

12.5p ordinary

SWAP

Increasing Short

1,773

28.5800 GBP

12.5p ordinary

SWAP

Increasing Short

363

28.6200 GBP

12.5p ordinary

SWAP

Increasing Long

80

28.4597 GBP

12.5p ordinary

SWAP

Increasing Long

225

28.4628 GBP

12.5p ordinary

SWAP

Increasing Long

151

28.4797 GBP

12.5p ordinary

SWAP

Increasing Long

270

28.5160 GBP

12.5p ordinary

SWAP

Increasing Long

9

28.5197 GBP

12.5p ordinary

SWAP

Increasing Long

34

28.5544 GBP

12.5p ordinary

SWAP

Increasing Long

1,123

28.5797 GBP

12.5p ordinary

SWAP

Decreasing Long

117

28.4802 GBP

12.5p ordinary

SWAP

Decreasing Long

428

28.4840 GBP

12.5p ordinary

SWAP

Decreasing Long

601

28.5004 GBP

12.5p ordinary

SWAP

Decreasing Long

1,003

28.5399 GBP

12.5p ordinary

SWAP

Decreasing Long

3,794

28.5802 GBP

12.5p ordinary

SWAP

Closing Long

1

28.4883 GBP

12.5p ordinary

SWAP

Decreasing Short

14

28.4598 GBP

12.5p ordinary

SWAP

Decreasing Long

1,398

28.4898 GBP

12.5p ordinary

SWAP

Decreasing Long

9,126

28.5805 GBP

12.5p ordinary

SWAP

Increasing Short

4

28.5822 GBP

12.5p ordinary

SWAP

Decreasing Short

163

28.4836 GBP

12.5p ordinary

SWAP

Increasing Short

1,733

28.4996 GBP

12.5p ordinary

SWAP

Increasing Short

985

28.5800 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:

31 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213