Bellway PLC

Major Shareholding Notification • Jun 25, 2024

National Storage Mechanism | Additional information

RNS Number : 8385T

Bellway PLC

25 June 2024

FORM 8 (OPD)

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Full name of discloser:	Bellway p.l.c.
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):      The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.	N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	Bellway p.l.c.
(d) Is the discloser the offeror or the offeree?	Offeror
(e) Date position held:      The latest practicable date prior to the disclosure	24 June 2024
(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?      If it is a cash offer or possible cash offer, state "N/A"	Yes - Crest Nicholson Holdings plc

2.         POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

Class of relevant security:	Ordinary
	Interests		Short positions
Number	%	Number	%
(1) Relevant securities owned and/or controlled:	Nil	-	Nil	-
(2) Cash-settled derivatives:	Nil	-	Nil	-
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	Nil	-	Nil	-
TOTAL:	Nil	-	Nil	-

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

(b)        Rights to subscribe for new securities

Class of relevant security in relation to which subscription right exists:	N/A
Details, including nature of the rights concerned and relevant percentages:	N/A

3.         POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:

(a) Interests held by directors of Bellway p.l.c. and their close relatives and related trusts

Name	No. of ordinary shares †	Percentage of total issued share capital*
Ian McHoul	2,000	0.00
Jason Honeyman	38,1861	0.03
Jill Caseberry	470	0.00
John Tutte	20,0002	0.01
Keith Adey	80,2183	0.06
Sarah Whitney	1,131	0.00

*  Figures are truncated at two decimal places.

†   Unless stated otherwise, ordinary shares are held legally and beneficially by the relevant director.

1   1,000 ordinary shares are legally and beneficially held by Jason Honeyman. The remaining 37,186 ordinary shares are legally and beneficially held by Joanne Honeyman (spouse of Jason Honeyman).

2   All 20,000 ordinary shares are legally and beneficially held by Mary Tutte (spouse of John Tutte).

3   1,439 ordinary shares are legally and beneficially held by Keith Adey. The remaining 78,779 ordinary shares are legally and beneficially held by Jayne Adey (spouse of Keith Adey).

(b) Interests held as options or awards under the share plans of Bellway p.l.c. by

the directors of Bellway p.l.c. and their close relatives and related trusts who

are not exempt principal traders for the purposes of Rule 8 of the Code

Name	Share Plan under which option or award was granted	No. of ordinary shares in Bellway plc under option or subject to award	Date of grant	Exercise price	Vesting date	Expiry date
Jason Honeyman	Long-Term Incentive Plan1	33,216	26 October 2021	Nil	26 October 2024	26 October 2031
64,901	11 November 2022	Nil	11 November 2025	11 November 2032
75,036	24 October 2023	Nil	24 October 2026	24 October 2033
Savings Related Share Option Schemes	1,935	7 December 2022	1,550p	1 February 2028	1 August 2028
Keith Adey	Long-Term Incentive Plan1	19,304	26 October 2021	Nil	26 October 2024	26 October 2031
39,604	11 November 2022	Nil	11 November 2025	11 November 2032
45,789	24 October 2023	Nil	24 October 2026	24 October 2033
Savings Related Share Option Schemes	1,161	7 December 2022	1,550p	1 February 2026	1 August 2026

1  The degree to which these Long-Term Incentive Plan awards vest depends on performance targets measured over a three-year period.  Further details are set out in Bellway p.l.c.'s annual report and accounts for the year ended 31 July 2023 ( https://www.bellwayplc.co.uk/media/2643/bellway_ar23_web.pdf )

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

4.         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 party to the offer making the disclosure or any person acting in concert with it: 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 party to the offer making the disclosure, or any person acting in concert with it, 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

(c)        Attachments

Are any Supplemental Forms attached?

Supplemental Form 8 (Open Positions)	No
Supplemental Form 8 (SBL)	No

###### Date of disclosure:	25 June 2024
###### Contact name:	Simon Scougall, Group General Counsel and Company Secretary
###### Telephone number:	0191 217 0717

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk .

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