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:

23 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:

1,019,564

0.86%

244,944

0.21%

(2) Cash-settled derivatives:

164,391

0.14%

944,959

0.79%

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

0

0.00%

0

0.00%

TOTAL: 

1,183,955

1.00%

1,189,903

1.00%

(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

36166

27.2405 GBP

26.8400 GBP

12.5p ordinary

Sale

47927

27.2400 GBP

26.8000 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

1,948

26.9257 GBP

12.5p ordinary

CFD

Decreasing Short

44

27.1650 GBP

12.5p ordinary

CFD

Decreasing Short

6,807

27.2378 GBP

12.5p ordinary

CFD

Increasing Short

302

27.0216 GBP

12.5p ordinary

CFD

Increasing Short

637

27.0442 GBP

12.5p ordinary

CFD

Increasing Short

559

27.0580 GBP

12.5p ordinary

CFD

Increasing Short

1,311

27.2400 GBP

12.5p ordinary

SWAP

Decreasing Short

74

26.9400 GBP

12.5p ordinary

SWAP

Decreasing Short

3

27.0133 GBP

12.5p ordinary

SWAP

Increasing Long

99

27.2359 GBP

12.5p ordinary

SWAP

Decreasing Short

1,048

26.9686 GBP

12.5p ordinary

SWAP

Decreasing Short

6,176

27.2367 GBP

12.5p ordinary

SWAP

Decreasing Short

1,488

27.2400 GBP

12.5p ordinary

SWAP

Increasing Short

224

26.8614 GBP

12.5p ordinary

SWAP

Increasing Short

3

26.9200 GBP

12.5p ordinary

SWAP

Increasing Short

78

26.9964 GBP

12.5p ordinary

SWAP

Increasing Long

152

26.9576 GBP

12.5p ordinary

SWAP

Increasing Long

823

27.2397 GBP

12.5p ordinary

SWAP

Decreasing Long

229

26.8902 GBP

12.5p ordinary

SWAP

Decreasing Long

687

26.9498 GBP

12.5p ordinary

SWAP

Decreasing Long

2

26.9602 GBP

12.5p ordinary

SWAP

Decreasing Long

282

26.9620 GBP

12.5p ordinary

SWAP

Decreasing Long

435

26.9676 GBP

12.5p ordinary

SWAP

Decreasing Long

6

26.9702 GBP

12.5p ordinary

SWAP

Decreasing Long

42

27.0587 GBP

12.5p ordinary

SWAP

Decreasing Long

2,172

27.2402 GBP

12.5p ordinary

SWAP

Increasing Long

79

26.8790 GBP

12.5p ordinary

SWAP

Increasing Long

101

26.8848 GBP

12.5p ordinary

SWAP

Increasing Long

79

26.9190 GBP

12.5p ordinary

SWAP

Decreasing Long

2,193

27.2405 GBP

12.5p ordinary

SWAP

Decreasing Short

125

26.9000 GBP

12.5p ordinary

SWAP

Decreasing Short

2,223

27.2400 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:

24 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213