Citigroup Global Markets Limited released a Form 8.5 (EPT/RI) public dealing disclosure related to Crest Nicholson Holdings plc. The disclosure, made in accordance with Rule 8.5 of the Takeover Code, pertains to dealings undertaken on 26 July 2024. The exempt principal trader, Citigroup Global Markets Limited, is connected with Bellway plc, and the disclosure includes details of purchases, sales, and derivative transactions.
The disclosure outlines the purchases and sales of the 5p ordinary shares of Crest Nicholson Holdings plc, including the total number of securities, highest and lowest price per unit paid/received, and the nature of the dealing. Additionally, it includes details of cash-settled derivative transactions, specifically an increasing short position through Total Return Swaps (TRS) for a certain number of reference securities at a specific price per unit.
The disclosure also confirms that there are no indemnity and other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives between the exempt principal trader and any other person. The disclosure was made on 29 July 2024 and includes contact information for further inquiries.
This disclosure provides transparency regarding the trading activities of Citigroup Global Markets Limited in relation to Crest Nicholson Holdings plc, as required by the Takeover Code. It offers insight into the specific transactions and dealings involving the relevant securities, contributing to a comprehensive understanding of the market activity surrounding Crest Nicholson Holdings plc.