Form 8.5 (EPT/NON-RI) - Bellway plc

Barclays PLC
15 July 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:

12 Jul 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:

1,103,315

0.93%

212,044

0.18%

(2) Cash-settled derivatives:

168,133

0.14%

1,041,726

0.88%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

1,271,448

1.07%

1,253,770

1.05%

 








(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

79161

26.8013  GBP

26.3100  GBP

12.5p ordinary

Sale

79464

26.8000  GBP

26.3635  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

CFD

Decreasing Short

835

26.4910  GBP

12.5p ordinary

CFD

Decreasing Short

422

26.5494  GBP

12.5p ordinary

CFD

Increasing Short

4,044

26.6221  GBP

12.5p ordinary

CFD

Increasing Short

3,003

26.6223  GBP

12.5p ordinary

SWAP

Opening Short

1

26.4200  GBP

12.5p ordinary

SWAP

Increasing Short

505

26.6213  GBP

12.5p ordinary

SWAP

Decreasing Long

129

26.6240  GBP

12.5p ordinary

SWAP

Closing Long

20

26.5200  GBP

12.5p ordinary

SWAP

Decreasing Short

8,417

26.4700  GBP

12.5p ordinary

SWAP

Decreasing Short

8,128

26.6998  GBP

12.5p ordinary

SWAP

Decreasing Short

8,551

26.7968  GBP

12.5p ordinary

SWAP

Decreasing Short

22

26.4000  GBP

12.5p ordinary

SWAP

Decreasing Short

187

26.4891  GBP

12.5p ordinary

SWAP

Decreasing Short

2,809

26.6200  GBP

12.5p ordinary

SWAP

Decreasing Short

2,598

26.6962  GBP

12.5p ordinary

SWAP

Increasing Short

110

26.4214  GBP

12.5p ordinary

SWAP

Increasing Short

147

26.4727  GBP

12.5p ordinary

SWAP

Increasing Short

32

26.6000  GBP

12.5p ordinary

SWAP

Increasing Short

12,484

26.6200  GBP

12.5p ordinary

SWAP

Increasing Short

4,826

26.6290  GBP

12.5p ordinary

SWAP

Increasing Long

2,172

26.4242  GBP

12.5p ordinary

SWAP

Increasing Long

5,537

26.4327  GBP

12.5p ordinary

SWAP

Increasing Long

168

26.4589  GBP

12.5p ordinary

SWAP

Increasing Long

38

26.4728  GBP

12.5p ordinary

SWAP

Decreasing Long

55

26.4876  GBP

12.5p ordinary

SWAP

Decreasing Long

74

26.4975  GBP

12.5p ordinary

SWAP

Decreasing Long

33

26.5001  GBP

12.5p ordinary

SWAP

Decreasing Long

2,821

26.6202  GBP

12.5p ordinary

SWAP

Decreasing Long

483

26.8002  GBP

12.5p ordinary

SWAP

Decreasing Long

265

26.8005  GBP

12.5p ordinary

SWAP

Decreasing Long

392

26.8013  GBP

12.5p ordinary

SWAP

Decreasing Long

1,154

26.8098  GBP

12.5p ordinary

SWAP

Decreasing Long

10

26.8402  GBP

12.5p ordinary

SWAP

Decreasing Short

370

26.7373  GBP

12.5p ordinary

SWAP

Increasing Long

271

26.6194  GBP

12.5p ordinary

SWAP

Decreasing Short

6,222

26.6202  GBP

12.5p ordinary

SWAP

Increasing Short

398

26.5908  GBP

12.5p ordinary

SWAP

Increasing Short

9,761

26.6200  GBP

12.5p ordinary

SWAP

Increasing Short

2,918

26.6864  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:

15 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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