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:

20 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:

1,189,507

1.00%

255,961

0.22%

(2) Cash-settled derivatives:

214,703

0.18%

1,117,393

0.94%

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

0

0.00%

0

0.00%

TOTAL: 

1,404,210

1.18%

1,373,354

1.15%

(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

41113

25.6205 GBP

25.4980 GBP

12.5p ordinary

Sale

41092

25.6335 GBP

25.4000 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

12

25.4802 GBP

12.5p ordinary

SWAP

Decreasing Long

17

25.5602 GBP

12.5p ordinary

SWAP

Decreasing Long

101

25.4801 GBP

12.5p ordinary

SWAP

Decreasing Long

137

25.4980 GBP

12.5p ordinary

SWAP

Decreasing Long

222

25.5542 GBP

12.5p ordinary

SWAP

Decreasing Long

443

25.4842 GBP

12.5p ordinary

SWAP

Decreasing Long

638

25.5305 GBP

12.5p ordinary

SWAP

Decreasing Long

829

25.6205 GBP

12.5p ordinary

SWAP

Decreasing Long

1,149

25.5940 GBP

12.5p ordinary

SWAP

Decreasing Long

1,311

25.5736 GBP

12.5p ordinary

SWAP

Decreasing Long

1,730

25.5705 GBP

12.5p ordinary

SWAP

Decreasing Long

5,889

25.6200 GBP

12.5p ordinary

SWAP

Decreasing Long

6,714

25.6189 GBP

12.5p ordinary

SWAP

Decreasing Short

1

25.4800 GBP

12.5p ordinary

SWAP

Decreasing Short

6

25.5783 GBP

12.5p ordinary

SWAP

Decreasing Short

123

25.5933 GBP

12.5p ordinary

SWAP

Decreasing Short

210

25.5800 GBP

12.5p ordinary

SWAP

Decreasing Short

256

25.6335 GBP

12.5p ordinary

SWAP

Decreasing Short

274

25.5832 GBP

12.5p ordinary

SWAP

Decreasing Short

340

25.5979 GBP

12.5p ordinary

SWAP

Decreasing Short

344

25.5791 GBP

12.5p ordinary

CFD

Decreasing Short

886

25.5791 GBP

12.5p ordinary

SWAP

Decreasing Short

1,234

25.6200 GBP

12.5p ordinary

SWAP

Decreasing Short

1,723

25.6071 GBP

12.5p ordinary

CFD

Decreasing Short

2,728

25.5258 GBP

12.5p ordinary

SWAP

Decreasing Short

3,200

25.5915 GBP

12.5p ordinary

CFD

Decreasing Short

4,364

25.5190 GBP

12.5p ordinary

SWAP

Decreasing Short

4,730

25.5470 GBP

12.5p ordinary

CFD

Decreasing Short

5,966

25.6179 GBP

12.5p ordinary

SWAP

Increasing Long

27

25.5175 GBP

12.5p ordinary

SWAP

Increasing Long

61

25.5702 GBP

12.5p ordinary

SWAP

Increasing Long

86

25.5890 GBP

12.5p ordinary

SWAP

Increasing Long

172

25.6031 GBP

12.5p ordinary

SWAP

Increasing Long

184

25.6313 GBP

12.5p ordinary

SWAP

Increasing Long

900

25.6070 GBP

12.5p ordinary

SWAP

Increasing Long

986

25.6087 GBP

12.5p ordinary

SWAP

Increasing Long

1,929

25.6198 GBP

12.5p ordinary

SWAP

Increasing Long

2,134

25.6165 GBP

12.5p ordinary

SWAP

Increasing Short

6

25.5233 GBP

12.5p ordinary

SWAP

Increasing Short

12

25.5383 GBP

12.5p ordinary

SWAP

Increasing Short

18

25.5400 GBP

12.5p ordinary

SWAP

Increasing Short

18

25.5800 GBP

12.5p ordinary

SWAP

Increasing Short

366

25.5708 GBP

12.5p ordinary

SWAP

Increasing Short

709

25.6034 GBP

12.5p ordinary

CFD

Increasing Short

720

25.5988 GBP

12.5p ordinary

SWAP

Increasing Short

916

25.5713 GBP

12.5p ordinary

SWAP

Increasing Short

1,080

25.5753 GBP

12.5p ordinary

SWAP

Increasing Short

1,593

25.6200 GBP

12.5p ordinary

SWAP

Increasing Short

2,766

25.5593 GBP

12.5p ordinary

CFD

Increasing Short

4,364

25.6200 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:

21 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213