RNS Number : 2130W
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

Crest Nicholson Holdings plc

(c) Name of the party to the offer with which exempt principal trader is connected:


(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"

Bellway 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

5p ordinary

Purchase

222,770

GBP 2.5120

GBP 2.3819

5p ordinary

Sale

68,414

GBP 2.5100

GBP 2.4000

 

(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

5p ordinary

TRS

Increasing Short Position

506

GBP 2.4100

5p ordinary

TRS

Increasing Short Position

2

GBP 2.4160

5p ordinary

TRS

Increasing Short Position

484

GBP 2.4320

5p ordinary

TRS

Increasing Short Position

489

GBP 2.4340

5p ordinary

TRS

Increasing Short Position

586

GBP 2.4380

5p ordinary

TRS

Increasing Short Position

636

GBP 2.4440

5p ordinary

TRS

Increasing Short Position

571

GBP 2.4520

5p ordinary

TRS

Increasing Short Position

487

GBP 2.4580

5p ordinary

TRS

Increasing Short Position

500

GBP 2.4600

5p ordinary

TRS

Increasing Short Position

509

GBP 2.4700

5p ordinary

TRS

Increasing Short Position

510

GBP 2.4920

5p ordinary

TRS

Increasing Short Position

511

GBP 2.5000

5p ordinary

TRS

Increasing Short Position

2

GBP 2.5020

5p ordinary

TRS

Increasing Short Position

9,924

GBP 2.5080

5p ordinary

TRS

Increasing Short Position

514

GBP 2.5100

5p ordinary

TRS

Increasing Short Position

308

GBP 2.5120

5p ordinary

TRS

Reducing Long Position

1,300

GBP 2.3819

5p ordinary

TRS

Reducing Long Position

136,359

GBP 2.3988

5p ordinary

TRS

Reducing Long Position

158

GBP 2.4926

 

(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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