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:

28 Jun 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:

1,072,437

0.90%

215,537

0.18%

(2) Cash-settled derivatives:

170,587

0.14%

1,021,262

0.86%

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

0

0.00%

0

0.00%

TOTAL: 

1,243,024

1.04%

1,236,799

1.04%

(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

32125

25.6600 GBP

25.3600 GBP

12.5p ordinary

Sale

37327

25.6625 GBP

25.3574 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

2,501

25.4035 GBP

12.5p ordinary

CFD

Decreasing Short

657

25.4585 GBP

12.5p ordinary

CFD

Decreasing Short

574

25.4686 GBP

12.5p ordinary

CFD

Decreasing Short

2,465

25.5371 GBP

12.5p ordinary

CFD

Decreasing Short

195

25.5884 GBP

12.5p ordinary

CFD

Increasing Short

827

25.3600 GBP

12.5p ordinary

CFD

Increasing Short

740

25.4912 GBP

12.5p ordinary

CFD

Increasing Short

2,465

25.5371 GBP

12.5p ordinary

CFD

Increasing Short

25

25.5556 GBP

12.5p ordinary

CFD

Increasing Short

826

25.5753 GBP

12.5p ordinary

SWAP

Decreasing Short

134

25.3940 GBP

12.5p ordinary

SWAP

Opening Long

11

25.4836 GBP

12.5p ordinary

SWAP

Opening Short

1,396

25.3612 GBP

12.5p ordinary

SWAP

Increasing Long

12,106

25.3574 GBP

12.5p ordinary

SWAP

Increasing Long

4,190

25.3761 GBP

12.5p ordinary

SWAP

Decreasing Short

1,673

25.3600 GBP

12.5p ordinary

SWAP

Decreasing Short

391

25.5324 GBP

12.5p ordinary

SWAP

Decreasing Short

217

25.5392 GBP

12.5p ordinary

SWAP

Increasing Short

1,546

25.3600 GBP

12.5p ordinary

SWAP

Increasing Short

59

25.5600 GBP

12.5p ordinary

SWAP

Increasing Short

1,951

25.5938 GBP

12.5p ordinary

SWAP

Increasing Short

34

25.6200 GBP

12.5p ordinary

SWAP

Increasing Long

113

25.4180 GBP

12.5p ordinary

SWAP

Decreasing Long

11,967

25.3601 GBP

12.5p ordinary

SWAP

Decreasing Long

79

25.4058 GBP

12.5p ordinary

SWAP

Decreasing Long

497

25.4399 GBP

12.5p ordinary

SWAP

Decreasing Long

165

25.4401 GBP

12.5p ordinary

SWAP

Decreasing Long

999

25.4548 GBP

12.5p ordinary

SWAP

Decreasing Long

495

25.4793 GBP

12.5p ordinary

SWAP

Decreasing Long

110

25.4806 GBP

12.5p ordinary

SWAP

Decreasing Long

325

25.5166 GBP

12.5p ordinary

SWAP

Decreasing Long

2,206

25.5189 GBP

12.5p ordinary

SWAP

Opening Long

1,007

25.3654 GBP

12.5p ordinary

SWAP

Increasing Long

18

25.4789 GBP

12.5p ordinary

SWAP

Decreasing Short

254

25.3594 GBP

12.5p ordinary

SWAP

Decreasing Short

20

25.3596 GBP

12.5p ordinary

SWAP

Decreasing Short

22

25.5994 GBP

12.5p ordinary

SWAP

Decreasing Short

1,399

25.3990 GBP

12.5p ordinary

SWAP

Increasing Short

2,223

25.5535 GBP

12.5p ordinary

SWAP

Increasing Short

191

25.6125 GBP

12.5p ordinary

SWAP

Increasing Long

245

25.5300 GBP

12.5p ordinary

SWAP

Increasing Long

144

25.5566 GBP

12.5p ordinary

SWAP

Decreasing Long

1,058

25.3600 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:

01 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213