Barclays Regulatory News (BARC)

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:

INTERNATIONAL DISTRIBUTIONS SERVICES PLC

(c)

Name of the party to the offer with which exempt principal trader is connected

INTERNATIONAL DISTRIBUTIONS SERVICES PLC

(d)

Date position held/dealing undertaken:

23 May 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?

NO

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:

1p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

8,644,528

0.90%

5,883,156

0.61%

(2) Cash-settled derivatives:

3,578,994

0.37%

8,052,001

0.84%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

TOTAL: 

12,223,522

1.28%

13,935,157

1.45%

(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

1p ordinary

Purchase

1741715

3.2645 GBP

3.1300 GBP

1p ordinary

Sale

1348202

3.2500 GBP

3.1300 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

1p ordinary

CFD

Decreasing Long

178

3.1342 GBP

1p ordinary

CFD

Decreasing Long

200

3.1302 GBP

1p ordinary

CFD

Decreasing Long

2,332

3.2359 GBP

1p ordinary

SWAP

Decreasing Long

3,102

3.2645 GBP

1p ordinary

SWAP

Decreasing Long

12,601

3.1330 GBP

1p ordinary

SWAP

Decreasing Long

20,451

3.2365 GBP

1p ordinary

SWAP

Decreasing Long

26,542

3.1496 GBP

1p ordinary

SWAP

Decreasing Long

29,500

3.1843 GBP

1p ordinary

SWAP

Decreasing Long

31,500

3.1386 GBP

1p ordinary

SWAP

Decreasing Long

42,700

3.1351 GBP

1p ordinary

SWAP

Decreasing Long

48,500

3.2543 GBP

1p ordinary

SWAP

Decreasing Long

59,700

3.2420 GBP

1p ordinary

SWAP

Decreasing Long

70,500

3.1424 GBP

1p ordinary

CFD

Decreasing Long

156,526

3.1480 GBP

1p ordinary

SWAP

Decreasing Short

646

3.2423 GBP

1p ordinary

SWAP

Decreasing Short

1,456

3.2360 GBP

1p ordinary

SWAP

Decreasing Short

1,645

3.2420 GBP

1p ordinary

SWAP

Decreasing Short

1,726

3.2358 GBP

1p ordinary

SWAP

Decreasing Short

1,775

3.1722 GBP

1p ordinary

SWAP

Decreasing Short

2,320

3.2073 GBP

1p ordinary

SWAP

Decreasing Short

2,508

3.2427 GBP

1p ordinary

SWAP

Decreasing Short

2,814

3.2400 GBP

1p ordinary

SWAP

Decreasing Short

4,945

3.2088 GBP

1p ordinary

SWAP

Decreasing Short

6,563

3.2386 GBP

1p ordinary

SWAP

Increasing Long

3,948

3.1530 GBP

1p ordinary

SWAP

Increasing Long

8,865

3.1882 GBP

1p ordinary

SWAP

Increasing Long

9,504

3.2297 GBP

1p ordinary

SWAP

Increasing Long

27,800

3.1906 GBP

1p ordinary

SWAP

Increasing Long

54,700

3.2129 GBP

1p ordinary

SWAP

Increasing Long

57,227

3.1956 GBP

1p ordinary

SWAP

Increasing Long

77,105

3.1647 GBP

1p ordinary

SWAP

Increasing Long

104,387

3.2208 GBP

1p ordinary

SWAP

Increasing Long

125,930

3.1479 GBP

1p ordinary

SWAP

Increasing Long

174,941

3.1857 GBP

1p ordinary

CFD

Increasing Long

238,979

3.1479 GBP

1p ordinary

SWAP

Increasing Short

172

3.1570 GBP

1p ordinary

SWAP

Increasing Short

356

3.2166 GBP

1p ordinary

SWAP

Increasing Short

391

3.2420 GBP

1p ordinary

SWAP

Increasing Short

724

3.2440 GBP

1p ordinary

SWAP

Increasing Short

2,200

3.2113 GBP

1p ordinary

SWAP

Increasing Short

28,877

3.1491 GBP

1p ordinary

SWAP

Increasing Short

31,405

3.1649 GBP

1p ordinary

SWAP

Increasing Short

68,192

3.1480 GBP

1p ordinary

SWAP

Increasing Short

208,831

3.1663 GBP

1p ordinary

SWAP

Increasing Short

536,913

3.1692 GBP

1p ordinary

SWAP

Opening Long

2

3.1950 GBP

1p ordinary

SWAP

Opening Long

79,094

3.1832 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:

24 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213