Form 8.5 (EPT/NON-RI)BELLWAY PLC

Barclays PLC
25 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:

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

 

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