Form 8.5 (EPT/NON-RI) BELLWAY PLC

Barclays PLC
18 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:

17 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:

1,026,403

0.86%

215,620

0.18%

(2) Cash-settled derivatives:

164,208

0.14%

958,633

0.81%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

1,190,611

1.00%

1,174,253

0.99%

 








(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

69398

27.1893  GBP

26.8000  GBP

12.5p ordinary

Sale

114477

27.1671  GBP

26.8000  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

408

27.0750  GBP

12.5p ordinary

CFD

Decreasing Short

2,232

27.0775  GBP

12.5p ordinary

CFD

Decreasing Short

1,146

27.0778  GBP

12.5p ordinary

CFD

Decreasing Short

8,304

27.0800  GBP

12.5p ordinary

CFD

Decreasing Short

48

27.1670  GBP

12.5p ordinary

CFD

Increasing Short

967

26.9270  GBP

12.5p ordinary

CFD

Increasing Short

1,147

27.1893  GBP

12.5p ordinary

SWAP

Decreasing Short

110

26.8894  GBP

12.5p ordinary

SWAP

Opening Long

3

26.9333  GBP

12.5p ordinary

SWAP

Opening Short

20

26.9320  GBP

12.5p ordinary

SWAP

Increasing Short

151

27.0813  GBP

12.5p ordinary

SWAP

Opening Short

73

26.9600  GBP

12.5p ordinary

SWAP

Opening Long

16,535

26.9136  GBP

12.5p ordinary

SWAP

Increasing Long

4

26.9475  GBP

12.5p ordinary

SWAP

Increasing Long

699

27.0135  GBP

12.5p ordinary

SWAP

Decreasing Long

1

26.9600  GBP

12.5p ordinary

SWAP

Decreasing Long

9,617

27.0761  GBP

12.5p ordinary

SWAP

Decreasing Long

7,208

27.0800  GBP

12.5p ordinary

SWAP

Closing Short

12,308

27.0071  GBP

12.5p ordinary

SWAP

Decreasing Short

38

26.8800  GBP

12.5p ordinary

SWAP

Decreasing Short

50

26.8848  GBP

12.5p ordinary

SWAP

Decreasing Short

2,435

26.9415  GBP

12.5p ordinary

SWAP

Decreasing Short

3,679

27.0746  GBP

12.5p ordinary

SWAP

Decreasing Short

7,485

27.0800  GBP

12.5p ordinary

SWAP

Increasing Short

34

26.9200  GBP

12.5p ordinary

SWAP

Increasing Short

642

26.9718  GBP

12.5p ordinary

SWAP

Increasing Short

5

27.1600  GBP

12.5p ordinary

SWAP

Increasing Long

4

26.8995  GBP

12.5p ordinary

SWAP

Increasing Long

1,880

26.9229  GBP

12.5p ordinary

SWAP

Increasing Long

1,245

26.9356  GBP

12.5p ordinary

SWAP

Increasing Long

4,501

26.9891  GBP

12.5p ordinary

SWAP

Increasing Long

430

27.0111  GBP

12.5p ordinary

SWAP

Increasing Long

77

27.0197  GBP

12.5p ordinary

SWAP

Decreasing Long

495

26.8925  GBP

12.5p ordinary

SWAP

Decreasing Long

269

26.9110  GBP

12.5p ordinary

SWAP

Decreasing Long

8

26.9202  GBP

12.5p ordinary

SWAP

Decreasing Long

208

26.9275  GBP

12.5p ordinary

SWAP

Decreasing Long

9

26.9313  GBP

12.5p ordinary

SWAP

Decreasing Long

13

26.9402  GBP

12.5p ordinary

SWAP

Decreasing Long

104

26.9491  GBP

12.5p ordinary

SWAP

Decreasing Long

314

26.9591  GBP

12.5p ordinary

SWAP

Decreasing Long

1,448

27.0802  GBP

12.5p ordinary

SWAP

Increasing Short

4

27.0121  GBP

12.5p ordinary

SWAP

Increasing Short

348

27.0170  GBP

12.5p ordinary

SWAP

Decreasing Short

119

26.8400  GBP

12.5p ordinary

SWAP

Decreasing Short

4,935

27.0800  GBP

12.5p ordinary

SWAP

Increasing Short

40

27.0400  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:

18 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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