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:

24 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:

1,099,613

0.92%

227,482

0.19%

(2) Cash-settled derivatives:

185,398

0.16%

1,040,518

0.87%

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

0

0.00%

0

0.00%

TOTAL: 

1,285,011

1.08%

1,268,000

1.07%

(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

23097

25.8161 GBP

25.5007 GBP

12.5p ordinary

Sale

30287

25.7859 GBP

25.6000 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

4

25.6553 GBP

12.5p ordinary

SWAP

Decreasing Long

8

25.7201 GBP

12.5p ordinary

SWAP

Decreasing Long

11

25.5492 GBP

12.5p ordinary

SWAP

Decreasing Long

76

25.4401 GBP

12.5p ordinary

SWAP

Decreasing Long

93

25.6867 GBP

12.5p ordinary

SWAP

Decreasing Long

96

25.7396 GBP

12.5p ordinary

SWAP

Decreasing Long

589

25.7774 GBP

12.5p ordinary

SWAP

Decreasing Long

699

25.7149 GBP

12.5p ordinary

SWAP

Decreasing Long

714

25.7175 GBP

12.5p ordinary

SWAP

Decreasing Long

714

25.7198 GBP

12.5p ordinary

SWAP

Decreasing Long

1,717

25.7205 GBP

12.5p ordinary

SWAP

Decreasing Long

3,975

25.7214 GBP

12.5p ordinary

SWAP

Decreasing Short

35

25.6893 GBP

12.5p ordinary

SWAP

Decreasing Short

54

25.6800 GBP

12.5p ordinary

CFD

Decreasing Short

282

25.7384 GBP

12.5p ordinary

CFD

Decreasing Short

283

25.6977 GBP

12.5p ordinary

SWAP

Decreasing Short

366

25.7071 GBP

12.5p ordinary

CFD

Decreasing Short

893

25.7859 GBP

12.5p ordinary

SWAP

Decreasing Short

1,443

25.7200 GBP

12.5p ordinary

SWAP

Decreasing Short

1,786

25.6671 GBP

12.5p ordinary

SWAP

Decreasing Short

4,829

25.7222 GBP

12.5p ordinary

CFD

Decreasing Short

8,052

25.7179 GBP

12.5p ordinary

SWAP

Increasing Long

71

25.7082 GBP

12.5p ordinary

SWAP

Increasing Long

435

25.6884 GBP

12.5p ordinary

SWAP

Increasing Long

485

25.7029 GBP

12.5p ordinary

SWAP

Increasing Long

3,444

25.7198 GBP

12.5p ordinary

SWAP

Increasing Short

33

25.6200 GBP

12.5p ordinary

SWAP

Increasing Short

36

25.6800 GBP

12.5p ordinary

SWAP

Increasing Short

111

25.7218 GBP

12.5p ordinary

SWAP

Increasing Short

137

25.7178 GBP

12.5p ordinary

CFD

Increasing Short

254

25.5007 GBP

12.5p ordinary

SWAP

Increasing Short

270

25.7243 GBP

12.5p ordinary

CFD

Increasing Short

310

25.7823 GBP

12.5p ordinary

SWAP

Increasing Short

331

25.7183 GBP

12.5p ordinary

CFD

Increasing Short

639

25.7200 GBP

12.5p ordinary

CFD

Increasing Short

913

25.7173 GBP

12.5p ordinary

CFD

Increasing Short

920

25.7885 GBP

12.5p ordinary

SWAP

Increasing Short

1,793

25.7200 GBP

12.5p ordinary

SWAP

Increasing Short

2,273

25.7416 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:

25 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213