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.
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KEY
INFORMATION
|
(a)
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Name of exempt principal trader:
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BARCLAYS CAPITAL SECURITIES LTD
|
(b)
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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:
|
11 Jul 2024
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(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?
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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:
|
1,100,893
|
0.93%
|
213,319
|
0.18%
|
(2)
Cash-settled derivatives:
|
165,383
|
0.14%
|
1,042,058
|
0.88%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
1,266,276
|
1.06%
|
1,255,377
|
1.06%
|
|
|
|
|
|
|
|
|
(b)
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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
|
143091
|
26.4401
GBP
|
25.3374
GBP
|
12.5p
ordinary
|
Sale
|
123753
|
26.4400
GBP
|
25.3400
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
|
2,755
|
25.5779
GBP
|
12.5p
ordinary
|
CFD
|
Decreasing
Short
|
1,555
|
26.1935
GBP
|
12.5p
ordinary
|
CFD
|
Decreasing
Short
|
561
|
26.4378
GBP
|
12.5p
ordinary
|
CFD
|
Increasing
Short
|
53
|
25.5643
GBP
|
12.5p
ordinary
|
CFD
|
Increasing
Short
|
2,968
|
25.6157
GBP
|
12.5p
ordinary
|
CFD
|
Increasing
Short
|
232
|
26.3040
GBP
|
12.5p
ordinary
|
CFD
|
Increasing
Short
|
2,702
|
26.4400
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
1,015
|
25.7505
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
1
|
26.2000
GBP
|
12.5p
ordinary
|
SWAP
|
Opening
Long
|
3,801
|
26.4400
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
8
|
25.6600
GBP
|
12.5p
ordinary
|
SWAP
|
Closing
Long
|
2,362
|
26.3905
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
80
|
25.9720
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
213
|
25.9791
GBP
|
12.5p
ordinary
|
SWAP
|
Opening
Long
|
15,729
|
26.4400
GBP
|
12.5p
ordinary
|
SWAP
|
Closing
Long
|
10,847
|
26.0435
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
8,252
|
25.6629
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
4,127
|
26.4378
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
725
|
25.5207
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
68
|
26.1400
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
2,819
|
26.4400
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
3
|
25.4866
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
234
|
25.5400
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
25,866
|
25.7932
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
3,355
|
25.9332
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
18
|
26.3000
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
3,013
|
26.3581
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
8,097
|
26.4396
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Long
|
1,777
|
25.4697
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Long
|
4
|
25.5397
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Long
|
363
|
25.5683
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Long
|
163
|
25.6798
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Long
|
149
|
26.3304
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
866
|
25.5022
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
564
|
25.6994
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
2,219
|
25.7494
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
3,431
|
25.8285
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
1,151
|
25.8498
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
2,185
|
25.8673
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
758
|
25.9451
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
298
|
25.9802
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
669
|
25.9877
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
220
|
26.2087
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
1,014
|
26.4401
GBP
|
12.5p
ordinary
|
SWAP
|
Opening
Long
|
9,675
|
25.9244
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
1,000
|
25.5425
GBP
|
12.5p
ordinary
|
SWAP
|
Opening
Short
|
8,000
|
26.1522
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Long
|
2,067
|
26.2506
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Long
|
13,317
|
26.4351
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Long
|
4,115
|
26.4394
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
91
|
26.1327
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
545
|
26.1630
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
289
|
26.1311
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
4
|
25.5000
GBP
|
12.5p
ordinary
|
SWAP
|
Opening
Short
|
5,380
|
25.7297
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
1,914
|
25.8093
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
5,269
|
26.4400
GBP
|
|
|
|
|
|
|
|
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(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:
|
12 Jul 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|