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:

21 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:

8,826,512

0.92%

5,569,861

0.58%

(2) Cash-settled derivatives:

3,229,152

0.34%

8,191,464

0.85%

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

0

0.00%

0

0.00%

TOTAL: 

12,055,664

1.26%

13,761,325

1.44%

(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

Sale

655360

3.2600 GBP

3.2190 GBP

1p ordinary

Purchase

479306

3.2600 GBP

3.2190 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

73

3.2200 GBP

1p ordinary

SWAP

Decreasing Short

16

3.2260 GBP

1p ordinary

SWAP

Decreasing Short

214

3.2254 GBP

1p ordinary

SWAP

Decreasing Short

282

3.2296 GBP

1p ordinary

SWAP

Decreasing Short

502

3.2322 GBP

1p ordinary

SWAP

Decreasing Short

732

3.2360 GBP

1p ordinary

SWAP

Decreasing Short

1,510

3.2295 GBP

1p ordinary

SWAP

Decreasing Short

1,511

3.2364 GBP

1p ordinary

SWAP

Decreasing Short

1,600

3.2265 GBP

1p ordinary

SWAP

Decreasing Short

1,646

3.2371 GBP

1p ordinary

SWAP

Decreasing Short

2,456

3.2449 GBP

1p ordinary

SWAP

Decreasing Short

3,960

3.2302 GBP

1p ordinary

SWAP

Decreasing Short

6,043

3.2381 GBP

1p ordinary

SWAP

Decreasing Short

8,614

3.2396 GBP

1p ordinary

SWAP

Decreasing Short

18,141

3.2359 GBP

1p ordinary

SWAP

Decreasing Short

20,120

3.2363 GBP

1p ordinary

SWAP

Decreasing Short

32,178

3.2382 GBP

1p ordinary

SWAP

Decreasing Short

43,013

3.2374 GBP

1p ordinary

SWAP

Decreasing Short

64,497

3.2199 GBP

1p ordinary

SWAP

Decreasing Short

87,495

3.2336 GBP

1p ordinary

CFD

Increasing Long

2

3.2200 GBP

1p ordinary

SWAP

Increasing Long

446

3.2324 GBP

1p ordinary

SWAP

Increasing Long

886

3.2199 GBP

1p ordinary

CFD

Increasing Long

5,053

3.2418 GBP

1p ordinary

SWAP

Increasing Long

17,112

3.2286 GBP

1p ordinary

CFD

Increasing Long

42,577

3.2222 GBP

1p ordinary

SWAP

Increasing Short

100

3.2460 GBP

1p ordinary

SWAP

Increasing Short

413

3.2332 GBP

1p ordinary

SWAP

Increasing Short

458

3.2400 GBP

1p ordinary

SWAP

Increasing Short

1,956

3.2202 GBP

1p ordinary

SWAP

Increasing Short

2,703

3.2440 GBP

1p ordinary

SWAP

Increasing Short

3,503

3.2382 GBP

1p ordinary

SWAP

Increasing Short

15,376

3.2380 GBP

1p ordinary

SWAP

Increasing Short

170,226

3.2200 GBP

1p ordinary

SWAP

Opening Long

8,885

3.2198 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:

22 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213