Form 8.5 (EPT/NON-RI) BELLWAY PLC

Barclays PLC
20 June 2024
 

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

 

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