Citigroup Global Markets Limited released a Form 8.5 (EPT/RI) public dealing disclosure related to Crest Nicholson Holdings plc. The disclosure, in accordance with Rule 8.5 of the Takeover Code, outlines the key information and dealings by the exempt principal trader. The dealings, dated 19 June 2024, include purchases and sales of 5p ordinary shares, with specific details of the total number of securities, highest and lowest price per unit paid/received, and cash-settled derivative transactions. The disclosure also includes information on stock-settled derivative transactions and other relevant details.
The disclosure indicates that Citigroup Global Markets Limited engaged in the purchase of 259,350 5p ordinary shares at a price range of GBP 2.4000 to GBP 2.4360 per unit and the sale of 154,200 5p ordinary shares at a price range of GBP 2.3990 to GBP 2.4940 per unit. Additionally, the disclosure mentions a cash-settled derivative transaction involving the reduction of a long position in 5,150 reference securities at a price of GBP 2.4069 per unit.
The Form 8.5 (EPT/RI) also includes a section for other information, where Citigroup Global Markets Limited states that there are no indemnity and other dealing arrangements or agreements, arrangements, or understandings relating to options or derivatives. The disclosure concludes with the contact details for further inquiries and the regulatory requirements for public disclosures under Rule 8 of the Code.
This disclosure provides a transparent overview of the trading activity conducted by Citigroup Global Markets Limited in relation to Crest Nicholson Holdings plc, offering insight into the specific transactions and relevant details in accordance with the Takeover Code.