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:

25 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:

1,087,132

0.91%

226,395

0.19%

(2) Cash-settled derivatives:

184,333

0.15%

1,029,551

0.87%

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

0

0.00%

0

0.00%

TOTAL: 

1,271,465

1.07%

1,255,946

1.06%

(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

22426

25.6891 GBP

25.5174 GBP

12.5p ordinary

Sale

33819

25.6926 GBP

25.5065 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

SWAP

Decreasing Long

7

25.5400 GBP

12.5p ordinary

SWAP

Decreasing Long

33

25.6002 GBP

12.5p ordinary

SWAP

Decreasing Long

78

25.6193 GBP

12.5p ordinary

SWAP

Decreasing Long

81

25.6032 GBP

12.5p ordinary

SWAP

Decreasing Long

114

25.6817 GBP

12.5p ordinary

SWAP

Decreasing Long

232

25.6184 GBP

12.5p ordinary

SWAP

Decreasing Long

312

25.5660 GBP

12.5p ordinary

SWAP

Decreasing Long

960

25.6809 GBP

12.5p ordinary

SWAP

Decreasing Long

1,535

25.6132 GBP

12.5p ordinary

SWAP

Decreasing Long

2,204

25.6496 GBP

12.5p ordinary

SWAP

Decreasing Long

3,717

25.6322 GBP

12.5p ordinary

SWAP

Decreasing Long

4,057

25.6358 GBP

12.5p ordinary

SWAP

Decreasing Short

2

25.6379 GBP

12.5p ordinary

SWAP

Decreasing Short

17

25.6200 GBP

12.5p ordinary

CFD

Decreasing Short

27

25.7785 GBP

12.5p ordinary

SWAP

Decreasing Short

61

25.6600 GBP

12.5p ordinary

SWAP

Decreasing Short

71

25.6000 GBP

12.5p ordinary

CFD

Decreasing Short

430

25.5677 GBP

12.5p ordinary

SWAP

Decreasing Short

897

25.6400 GBP

12.5p ordinary

CFD

Decreasing Short

1,700

25.6926 GBP

12.5p ordinary

SWAP

Decreasing Short

4,450

25.6550 GBP

12.5p ordinary

SWAP

Decreasing Short

4,756

25.6176 GBP

12.5p ordinary

SWAP

Increasing Long

2

25.6698 GBP

12.5p ordinary

SWAP

Increasing Long

8

25.6372 GBP

12.5p ordinary

SWAP

Increasing Long

170

25.6692 GBP

12.5p ordinary

SWAP

Increasing Long

441

25.6394 GBP

12.5p ordinary

SWAP

Increasing Long

977

25.6645 GBP

12.5p ordinary

SWAP

Increasing Long

1,036

25.6207 GBP

12.5p ordinary

SWAP

Increasing Long

1,087

25.6526 GBP

12.5p ordinary

SWAP

Increasing Long

1,873

25.6449 GBP

12.5p ordinary

SWAP

Increasing Long

6,479

25.6398 GBP

12.5p ordinary

SWAP

Increasing Short

1

25.4600 GBP

12.5p ordinary

SWAP

Increasing Short

150

25.6225 GBP

12.5p ordinary

SWAP

Increasing Short

197

25.5531 GBP

12.5p ordinary

CFD

Increasing Short

260

25.6207 GBP

12.5p ordinary

CFD

Increasing Short

427

25.6350 GBP

12.5p ordinary

SWAP

Increasing Short

1,024

25.6400 GBP

12.5p ordinary

CFD

Increasing Short

1,700

25.6400 GBP

12.5p ordinary

SWAP

Opening Long

807

25.6400 GBP

12.5p ordinary

SWAP

Opening Long

1,839

25.6326 GBP

12.5p ordinary

SWAP

Opening Short

6

25.5600 GBP

12.5p ordinary

SWAP

Opening Short

1,988

25.6400 GBP

12.5p ordinary

SWAP

Opening Short

2,133

25.6412 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:

26 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213