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:
|
13 Aug 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:
|
934,356
|
0.79%
|
45,264
|
0.04%
|
(2)
Cash-settled derivatives:
|
34,718
|
0.03%
|
1,113,011
|
0.94%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
969,074
|
0.81%
|
1,158,275
|
0.97%
|
|
|
|
|
|
|
|
|
(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
|
117300
|
29.9800
GBP
|
28.0100
GBP
|
12.5p
ordinary
|
Sale
|
488700
|
29.9980
GBP
|
28.0125
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
|
10
|
29.2150
GBP
|
12.5p
ordinary
|
CFD
|
Decreasing
Short
|
381
|
29.2846
GBP
|
12.5p
ordinary
|
CFD
|
Decreasing
Short
|
4,833
|
29.3200
GBP
|
12.5p
ordinary
|
CFD
|
Decreasing
Short
|
878
|
29.4367
GBP
|
12.5p
ordinary
|
CFD
|
Decreasing
Short
|
360
|
29.4404
GBP
|
12.5p
ordinary
|
CFD
|
Increasing
Short
|
621
|
29.0546
GBP
|
12.5p
ordinary
|
CFD
|
Increasing
Short
|
438
|
29.0753
GBP
|
12.5p
ordinary
|
CFD
|
Increasing
Short
|
1,153
|
29.2490
GBP
|
12.5p
ordinary
|
CFD
|
Increasing
Short
|
34
|
29.3288
GBP
|
12.5p
ordinary
|
CFD
|
Increasing
Short
|
5,193
|
29.4913
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
308
|
28.1035
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
65
|
29.2015
GBP
|
12.5p
ordinary
|
SWAP
|
Opening
Short
|
34
|
29.2767
GBP
|
12.5p
ordinary
|
SWAP
|
Opening
Long
|
7,388
|
28.8458
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
2,241
|
28.7587
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
4,377
|
29.3200
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
4,621
|
29.3243
GBP
|
12.5p
ordinary
|
SWAP
|
Opening
Short
|
4,922
|
29.1672
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
12,118
|
29.1945
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
25,558
|
29.2746
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
92
|
28.1800
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
5,865
|
28.9981
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
43,241
|
29.1060
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
520
|
29.2606
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
84
|
28.0100
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
5,673
|
28.6181
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
71
|
28.9295
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
16
|
29.1800
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
9,546
|
29.3099
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
7,730
|
29.3200
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
334
|
29.0689
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
250
|
29.1730
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
1,412
|
29.1854
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
4,899
|
29.1939
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
1,185
|
29.2342
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
489
|
29.2743
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
1,997
|
29.2871
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
5,847
|
29.3116
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
12,078
|
29.3197
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
216
|
29.3397
GBP
|
12.5p
ordinary
|
SWAP
|
Opening
Long
|
2,511
|
29.4234
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Long
|
137
|
29.4983
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
95
|
29.1802
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
458
|
29.2047
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
132
|
29.2279
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
80
|
29.2402
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
4
|
29.2902
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
7
|
29.2945
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Long
|
21
|
29.3002
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
4,477
|
29.2417
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
2,323
|
29.2626
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
4,622
|
29.2741
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
568
|
29.2845
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
6,998
|
29.3188
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
418
|
29.0599
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
3,249
|
29.4026
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
2,991
|
29.1058
GBP
|
12.5p
ordinary
|
SWAP
|
Decreasing
Short
|
10,265
|
29.2970
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
1,396
|
28.0741
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
535
|
28.1722
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
11
|
29.3000
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
12,846
|
29.3128
GBP
|
12.5p
ordinary
|
SWAP
|
Increasing
Short
|
121
|
29.3400
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:
|
14 Aug 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|