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 monitoring@disclosure.org.uk. The Panels Market Surveillance Unit is available for consultation in relation to the Codes dealing disclosure requirements on +44 (0)20 7638 0129.

 

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

 

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END
 
 

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