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:

19 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:

1,204,928

1.01%

271,403

0.23%

(2) Cash-settled derivatives:

229,177

0.19%

1,131,210

0.95%

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

0

0.00%

0

0.00%

TOTAL: 

1,434,105

1.21%

1,402,613

1.18%

(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

49925

25.5514 GBP

25.3127 GBP

12.5p ordinary

Sale

77785

26.2600 GBP

25.3094 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 Short

1

25.5000 GBP

12.5p ordinary

SWAP

Closing Short

3

25.3200 GBP

12.5p ordinary

SWAP

Decreasing Long

200

25.4001 GBP

12.5p ordinary

SWAP

Decreasing Long

381

25.3845 GBP

12.5p ordinary

SWAP

Decreasing Long

449

25.3937 GBP

12.5p ordinary

SWAP

Decreasing Long

647

25.4292 GBP

12.5p ordinary

SWAP

Decreasing Long

1,028

25.4349 GBP

12.5p ordinary

SWAP

Decreasing Long

1,204

25.4416 GBP

12.5p ordinary

SWAP

Decreasing Short

1

26.2600 GBP

12.5p ordinary

SWAP

Decreasing Short

2

25.5600 GBP

12.5p ordinary

SWAP

Decreasing Short

10

25.4760 GBP

12.5p ordinary

SWAP

Decreasing Short

100

26.0000 GBP

12.5p ordinary

SWAP

Decreasing Short

220

25.3734 GBP

12.5p ordinary

SWAP

Decreasing Short

224

25.5624 GBP

12.5p ordinary

SWAP

Decreasing Short

418

25.5600 GBP

12.5p ordinary

SWAP

Decreasing Short

491

25.5403 GBP

12.5p ordinary

SWAP

Decreasing Short

874

25.3094 GBP

12.5p ordinary

CFD

Decreasing Short

891

25.4975 GBP

12.5p ordinary

SWAP

Decreasing Short

1,239

25.5566 GBP

12.5p ordinary

SWAP

Decreasing Short

1,324

25.4355 GBP

12.5p ordinary

CFD

Decreasing Short

1,438

25.4850 GBP

12.5p ordinary

SWAP

Decreasing Short

1,511

25.3200 GBP

12.5p ordinary

SWAP

Decreasing Short

1,861

25.6135 GBP

12.5p ordinary

CFD

Decreasing Short

1,872

25.4663 GBP

12.5p ordinary

SWAP

Decreasing Short

1,882

25.3732 GBP

12.5p ordinary

SWAP

Decreasing Short

4,925

25.5615 GBP

12.5p ordinary

SWAP

Increasing Long

70

25.4555 GBP

12.5p ordinary

SWAP

Increasing Long

186

25.4154 GBP

12.5p ordinary

SWAP

Increasing Long

193

25.3876 GBP

12.5p ordinary

SWAP

Increasing Long

193

25.4041 GBP

12.5p ordinary

SWAP

Increasing Long

349

25.5540 GBP

12.5p ordinary

SWAP

Increasing Long

370

25.4991 GBP

12.5p ordinary

SWAP

Increasing Long

727

25.4416 GBP

12.5p ordinary

SWAP

Increasing Long

758

25.4896 GBP

12.5p ordinary

SWAP

Increasing Long

874

25.3200 GBP

12.5p ordinary

SWAP

Increasing Long

960

25.5082 GBP

12.5p ordinary

SWAP

Increasing Long

1,186

25.5095 GBP

12.5p ordinary

SWAP

Increasing Long

1,688

25.5147 GBP

12.5p ordinary

SWAP

Increasing Long

1,780

25.5097 GBP

12.5p ordinary

SWAP

Increasing Long

5,181

25.3635 GBP

12.5p ordinary

SWAP

Increasing Long

10,124

25.3198 GBP

12.5p ordinary

SWAP

Increasing Long

12,786

25.3207 GBP

12.5p ordinary

SWAP

Increasing Short

21

25.4200 GBP

12.5p ordinary

SWAP

Increasing Short

84

25.4800 GBP

12.5p ordinary

SWAP

Increasing Short

843

25.4639 GBP

12.5p ordinary

SWAP

Increasing Short

933

25.4898 GBP

12.5p ordinary

CFD

Increasing Short

1,079

25.3222 GBP

12.5p ordinary

SWAP

Increasing Short

1,192

25.4522 GBP

12.5p ordinary

SWAP

Increasing Short

1,275

25.5252 GBP

12.5p ordinary

CFD

Increasing Short

1,438

25.3200 GBP

12.5p ordinary

SWAP

Increasing Short

8,814

25.4452 GBP

12.5p ordinary

CFD

Increasing Short

10,295

25.3220 GBP

12.5p ordinary

SWAP

Increasing Short

11,554

25.3200 GBP

12.5p ordinary

SWAP

Opening Long

103

25.7191 GBP

12.5p ordinary

SWAP

Opening Long

181

25.6439 GBP

12.5p ordinary

SWAP

Opening Long

274

25.8712 GBP

12.5p ordinary

SWAP

Opening Long

306

25.6587 GBP

12.5p ordinary

SWAP

Opening Long

513

25.4834 GBP

12.5p ordinary

SWAP

Opening Long

515

25.5031 GBP

12.5p ordinary

SWAP

Opening Long

986

25.4842 GBP

12.5p ordinary

SWAP

Opening Long

1,053

25.5770 GBP

12.5p ordinary

SWAP

Opening Long

1,487

25.3189 GBP

12.5p ordinary

SWAP

Opening Long

2,148

25.4571 GBP

12.5p ordinary

SWAP

Opening Long

5,436

25.3190 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:

20 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213