Form 8.5 (EPT/RI)

Citigroup Global Markets Limited

12 July 2024

 

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH

RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Name of exempt principal trader:	Citigroup Global Markets Limited
(b) Name of offeror/offeree in relation to whose relevant securities this form relates:  Use a separate form for each offeror/offeree	Bellway plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Bellway plc
(d) Date dealing undertaken:	11 July 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 this offer?  If it is a cash offer or possible cash offer, state "N/A"	Crest Nicholson Holdings plc

2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
12.5p ordinary	Purchase	26,070	GBP 26.4600	GBP 25.4400
12.5p ordinary	Sale	18,447	GBP 26.4400	GBP 25.4400

(b) Cash-settled derivative transactions

Class of relevant security	Product description  e.g. CFD	Nature of dealing  e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
12.5p ordinary	TRS	Increasing Short Position	120	GBP 25.4400
12.5p ordinary	TRS	Increasing Short Position	62	GBP 25.4600
12.5p ordinary	TRS	Increasing Short Position	60	GBP 25.5200
12.5p ordinary	TRS	Increasing Short Position	234	GBP 25.5400
12.5p ordinary	TRS	Increasing Short Position	226	GBP 25.5600
12.5p ordinary	TRS	Increasing Short Position	208	GBP 25.5800
12.5p ordinary	TRS	Increasing Short Position	201	GBP 25.6000
12.5p ordinary	TRS	Increasing Short Position	78	GBP 25.6200
12.5p ordinary	TRS	Increasing Short Position	61	GBP 25.6400
12.5p ordinary	TRS	Increasing Short Position	181	GBP 25.6600
12.5p ordinary	TRS	Increasing Short Position	122	GBP 25.6800
12.5p ordinary	TRS	Increasing Short Position	58	GBP 25.7000
12.5p ordinary	TRS	Increasing Short Position	61	GBP 25.7200
12.5p ordinary	TRS	Increasing Short Position	183	GBP 25.7400
12.5p ordinary	TRS	Increasing Short Position	58	GBP 25.8200
12.5p ordinary	TRS	Increasing Short Position	59	GBP 25.8400
12.5p ordinary	TRS	Increasing Short Position	121	GBP 25.8600
12.5p ordinary	TRS	Increasing Short Position	61	GBP 25.8800
12.5p ordinary	TRS	Increasing Short Position	58	GBP 25.9400
12.5p ordinary	TRS	Increasing Short Position	41	GBP 25.9800
12.5p ordinary	TRS	Increasing Short Position	60	GBP 26.0800
12.5p ordinary	TRS	Increasing Short Position	59	GBP 26.1200
12.5p ordinary	TRS	Increasing Short Position	60	GBP 26.1400
12.5p ordinary	TRS	Increasing Short Position	120	GBP 26.2400
12.5p ordinary	TRS	Increasing Short Position	59	GBP 26.2600
12.5p ordinary	TRS	Increasing Short Position	63	GBP 26.2800
12.5p ordinary	TRS	Increasing Short Position	131	GBP 26.3000
12.5p ordinary	TRS	Increasing Short Position	60	GBP 26.3200
12.5p ordinary	TRS	Increasing Short Position	59	GBP 26.3600
12.5p ordinary	TRS	Increasing Short Position	62	GBP 26.4000
12.5p ordinary	TRS	Increasing Short Position	4,554	GBP 26.4400
12.5p ordinary	TRS	Increasing Short Position	49	GBP 26.4600
12.5p ordinary	TRS	Increasing Short Position	7	GBP 26.3500
12.5p ordinary	TRS	Increasing Short Position	27	GBP 26.3800

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security	Product description  e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type  e.g. American, European etc.	Expiry date	Option money paid/ received per unit

(ii) Exercise

Class of relevant security	Product description  e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing  e.g. subscription, conversion	Details	Price per unit (if applicable)

3. OTHER INFORMATION

(a) Indemnity and other dealing 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:  Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

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 or future acquisition or disposal of any relevant securities to which any derivative is referenced:  If there are no such agreements, arrangements or understandings, state "none"

None

Date of disclosure:	12 July 2024
Contact name:	Craig Watson
Telephone number:	02890 409 605

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [e-mail]. The Panels Market Surveillance Unit is available for consultation in relation to the Codes dealing disclosure requirements on [phone].

The Code can be viewed on the Panels website at www.thetakeoverpanel.org.uk.

 

END