Form 8.5 (EPT/NON-RI) BELLWAY PLC

Barclays PLC
23 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:

22 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:

1,055,396

0.89%

219,015

0.18%

(2) Cash-settled derivatives:

169,106

0.14%

961,781

0.81%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

1,224,502

1.03%

1,180,796

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

84093

27.3600  GBP

26.8800  GBP

12.5p ordinary

Sale

42504

27.3600  GBP

26.8800  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

12

26.9800  GBP

12.5p ordinary

CFD

Decreasing Short

200

27.3151  GBP

12.5p ordinary

CFD

Increasing Short

686

26.9416  GBP

12.5p ordinary

CFD

Increasing Short

2,421

26.9821  GBP

12.5p ordinary

CFD

Increasing Short

212

27.0366  GBP

12.5p ordinary

SWAP

Decreasing Short

374

27.1737  GBP

12.5p ordinary

SWAP

Increasing Short

86

27.4493  GBP

12.5p ordinary

SWAP

Increasing Short

282

26.9813  GBP

12.5p ordinary

SWAP

Increasing Short

49

27.1800  GBP

12.5p ordinary

SWAP

Opening Long

143

26.9800  GBP

12.5p ordinary

SWAP

Closing Long

62

27.1625  GBP

12.5p ordinary

SWAP

Increasing Long

2,671

27.0004  GBP

12.5p ordinary

SWAP

Decreasing Long

2,189

26.9800  GBP

12.5p ordinary

SWAP

Closing Long

785

27.1029  GBP

12.5p ordinary

SWAP

Decreasing Short

1

27.2200  GBP

12.5p ordinary

SWAP

Decreasing Short

61

27.2400  GBP

12.5p ordinary

SWAP

Decreasing Short

401

27.2755  GBP

12.5p ordinary

SWAP

Increasing Short

6,921

26.9800  GBP

12.5p ordinary

SWAP

Increasing Short

1,577

27.0629  GBP

12.5p ordinary

SWAP

Increasing Short

20

27.2200  GBP

12.5p ordinary

SWAP

Increasing Short

57

27.3400  GBP

12.5p ordinary

SWAP

Increasing Long

9

26.9553  GBP

12.5p ordinary

SWAP

Increasing Long

12,575

26.9797  GBP

12.5p ordinary

SWAP

Increasing Long

58

27.0397  GBP

12.5p ordinary

SWAP

Increasing Long

20

27.0515  GBP

12.5p ordinary

SWAP

Increasing Long

92

27.0703  GBP

12.5p ordinary

SWAP

Increasing Long

657

27.0736  GBP

12.5p ordinary

SWAP

Increasing Long

926

27.1135  GBP

12.5p ordinary

SWAP

Increasing Long

491

27.1442  GBP

12.5p ordinary

SWAP

Increasing Long

332

27.1879  GBP

12.5p ordinary

SWAP

Decreasing Long

45

26.9202  GBP

12.5p ordinary

SWAP

Decreasing Long

129

27.0444  GBP

12.5p ordinary

SWAP

Decreasing Long

258

27.0634  GBP

12.5p ordinary

SWAP

Decreasing Long

464

27.0866  GBP

12.5p ordinary

SWAP

Decreasing Long

72

27.1043  GBP

12.5p ordinary

SWAP

Decreasing Short

15

26.9398  GBP

12.5p ordinary

SWAP

Decreasing Long

648

26.9356  GBP

12.5p ordinary

SWAP

Decreasing Long

9,641

26.9805  GBP

12.5p ordinary

SWAP

Decreasing Long

2,047

27.0165  GBP

12.5p ordinary

SWAP

Decreasing Long

539

27.0278  GBP

12.5p ordinary

SWAP

Decreasing Long

427

27.2163  GBP

12.5p ordinary

SWAP

Decreasing Long

248

27.2530  GBP

12.5p ordinary

SWAP

Decreasing Long

47

27.2805  GBP

12.5p ordinary

SWAP

Decreasing Short

106

27.2203  GBP

12.5p ordinary

SWAP

Increasing Short

5,150

26.9800  GBP

12.5p ordinary

SWAP

Increasing Short

497

27.1002  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:

23 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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