Barclays Regulatory News (BARC)

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:

21 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:

1,109,172

0.93%

229,847

0.19%

(2) Cash-settled derivatives:

189,659

0.16%

1,050,521

0.88%

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

0

0.00%

0

0.00%

TOTAL: 

1,298,831

1.09%

1,280,368

1.08%

(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

96053

25.6800 GBP

25.3600 GBP

12.5p ordinary

Sale

150088

25.7200 GBP

25.4962 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

Closing Long

1

25.6800 GBP

12.5p ordinary

SWAP

Closing Long

29

25.6220 GBP

12.5p ordinary

SWAP

Closing Long

2,034

25.5667 GBP

12.5p ordinary

SWAP

Closing Long

9,577

25.6600 GBP

12.5p ordinary

SWAP

Closing Long

18,843

25.6588 GBP

12.5p ordinary

SWAP

Closing Short

229

25.6600 GBP

12.5p ordinary

SWAP

Closing Short

232

25.6059 GBP

12.5p ordinary

SWAP

Decreasing Long

67

25.5496 GBP

12.5p ordinary

SWAP

Decreasing Long

281

25.6501 GBP

12.5p ordinary

SWAP

Decreasing Long

312

25.5523 GBP

12.5p ordinary

SWAP

Decreasing Long

347

25.4762 GBP

12.5p ordinary

SWAP

Decreasing Long

420

25.5543 GBP

12.5p ordinary

SWAP

Decreasing Long

592

25.6334 GBP

12.5p ordinary

SWAP

Decreasing Long

686

25.5847 GBP

12.5p ordinary

SWAP

Decreasing Long

1,058

25.5922 GBP

12.5p ordinary

SWAP

Decreasing Long

4,416

25.5485 GBP

12.5p ordinary

SWAP

Decreasing Long

14,139

25.6601 GBP

12.5p ordinary

SWAP

Decreasing Short

66

25.6058 GBP

12.5p ordinary

SWAP

Decreasing Short

268

25.4962 GBP

12.5p ordinary

SWAP

Decreasing Short

1,240

25.5049 GBP

12.5p ordinary

CFD

Decreasing Short

1,749

25.6423 GBP

12.5p ordinary

SWAP

Decreasing Short

2,884

25.5901 GBP

12.5p ordinary

SWAP

Decreasing Short

3,701

25.6800 GBP

12.5p ordinary

CFD

Decreasing Short

3,886

25.5994 GBP

12.5p ordinary

SWAP

Decreasing Short

5,029

25.6429 GBP

12.5p ordinary

CFD

Decreasing Short

6,394

25.6579 GBP

12.5p ordinary

SWAP

Decreasing Short

6,796

25.6598 GBP

12.5p ordinary

SWAP

Decreasing Short

53,803

25.6600 GBP

12.5p ordinary

SWAP

Increasing Long

13

25.5598 GBP

12.5p ordinary

SWAP

Increasing Long

115

25.6198 GBP

12.5p ordinary

SWAP

Increasing Long

253

25.6598 GBP

12.5p ordinary

SWAP

Increasing Long

384

25.6566 GBP

12.5p ordinary

SWAP

Increasing Long

384

25.5666 GBP

12.5p ordinary

SWAP

Increasing Long

444

25.6197 GBP

12.5p ordinary

SWAP

Increasing Long

495

25.6554 GBP

12.5p ordinary

SWAP

Increasing Long

672

25.5733 GBP

12.5p ordinary

SWAP

Increasing Long

758

25.5921 GBP

12.5p ordinary

SWAP

Increasing Long

960

25.6281 GBP

12.5p ordinary

SWAP

Increasing Short

45

25.5400 GBP

12.5p ordinary

SWAP

Increasing Short

454

25.4715 GBP

12.5p ordinary

SWAP

Increasing Short

702

25.6568 GBP

12.5p ordinary

SWAP

Increasing Short

1,392

25.5219 GBP

12.5p ordinary

SWAP

Increasing Short

1,404

25.6646 GBP

12.5p ordinary

CFD

Increasing Short

1,638

25.3620 GBP

12.5p ordinary

CFD

Increasing Short

3,886

25.6600 GBP

12.5p ordinary

SWAP

Increasing Short

5,426

25.3600 GBP

12.5p ordinary

SWAP

Opening Short

1,600

25.6284 GBP

12.5p ordinary

SWAP

Opening Short

2,400

25.6664 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 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213