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")
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1.
|
KEY
INFORMATION
|
(a)
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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)
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Name of the party to the offer with which exempt
principal trader is connected
|
CREST NICHOLSON HOLDINGS PLC
|
(d)
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Date position held/dealing undertaken:
|
10 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.
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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:
|
1,072,932
|
0.90%
|
204,696
|
0.17%
|
(2)
Cash-settled derivatives:
|
157,578
|
0.13%
|
1,011,041
|
0.85%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
1,230,510
|
1.03%
|
1,215,737
|
1.02%
|
|
|
|
|
|
|
|
|
(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.
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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
|
105798
|
25.7200
GBP
|
25.3568
GBP
|
12.5p
ordinary
|
Sale
|
35879
|
25.6600
GBP
|
25.3600
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
|
326
|
25.4984
GBP
|
12.5p
ordinary
|
CFD
|
Decreasing
Short
|
410
|
25.5589
GBP
|
12.5p
ordinary
|
CFD
|
Increasing
Short
|
150
|
25.4128
GBP
|
12.5p
ordinary
|
CFD
|
Increasing
Short
|
939
|
25.5219
GBP
|
12.5p
ordinary
|
CFD
|
Increasing
Short
|
176
|
25.5600
GBP
|
12.5p
ordinary
|
CFD
|
Increasing
Short
|
2,265
|
25.6197
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
92
|
25.7199
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
104
|
25.4218
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
902
|
25.5612
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
69
|
25.5243
GBP
|
12.5p
ordinary
|
SWAP
|
Opening
Long
|
16
|
25.4000
GBP
|
12.5p
ordinary
|
SWAP
|
Opening
Short
|
5,111
|
25.5608
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
248
|
25.5638
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
6,734
|
25.5550
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
7,829
|
25.5578
GBP
|
12.5p
ordinary
|
SWAP
|
Opening
Long
|
97,070
|
25.8000
GBP
|
12.5p
ordinary
|
SWAP
|
Opening
Short
|
97,070
|
25.8000
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
80
|
25.5400
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
961
|
25.5932
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
145
|
25.6600
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
41
|
25.4200
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
1,127
|
25.5599
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
15,872
|
25.5612
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
3,775
|
25.5787
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
43
|
25.6000
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
1,120
|
25.6098
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Long
|
149
|
25.4529
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Long
|
14
|
25.5512
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Long
|
25
|
25.5581
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Long
|
9
|
25.5598
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Long
|
6
|
25.5996
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Long
|
152
|
25.6798
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
410
|
25.5240
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
2,302
|
25.5548
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
841
|
25.5601
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
2,651
|
25.5652
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
5,324
|
25.5660
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
1,709
|
25.5753
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
5,488
|
25.5793
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
1,011
|
25.5800
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
719
|
25.6102
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
705
|
25.6131
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
1,000
|
25.5974
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
1,830
|
25.5630
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
2,844
|
25.5300
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
503
|
25.5575
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
357
|
25.5605
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
20,192
|
25.5636
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
2,405
|
25.4983
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
74
|
25.5047
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
257
|
25.5705
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Long
|
1,070
|
25.5264
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Long
|
1,070
|
25.6699
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Long
|
48
|
25.6600
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
8,063
|
25.5600
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
3,569
|
25.5764
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
2,658
|
25.5772
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:
|
11 Jul 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|