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:

KEYWORDS STUDIOS PLC

(c)

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

KEYWORDS STUDIOS 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:

306,364

0.39%

285,868

0.36%

(2) Cash-settled derivatives:

260,484

0.33%

295,567

0.37%

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

0

0.00%

0

0.00%

TOTAL: 

566,848

0.72%

581,435

0.73%

(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

236866

23.2000 GBP

22.5535 GBP

1p ordinary

Sale

255280

23.3400 GBP

22.5535 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

1p ordinary

SWAP

Closing Long

573

22.5600 GBP

1p ordinary

SWAP

Closing Long

1,871

23.0720 GBP

1p ordinary

SWAP

Closing Long

19,866

22.6183 GBP

1p ordinary

SWAP

Decreasing Long

444

22.8082 GBP

1p ordinary

SWAP

Decreasing Long

1,787

22.6578 GBP

1p ordinary

CFD

Decreasing Long

7,503

22.9480 GBP

1p ordinary

SWAP

Decreasing Short

6

22.5644 GBP

1p ordinary

SWAP

Decreasing Short

81

23.1781 GBP

1p ordinary

SWAP

Decreasing Short

263

23.3400 GBP

1p ordinary

SWAP

Decreasing Short

430

22.9780 GBP

1p ordinary

SWAP

Decreasing Short

635

22.5600 GBP

1p ordinary

SWAP

Decreasing Short

1,266

22.8598 GBP

1p ordinary

SWAP

Decreasing Short

3,467

22.5595 GBP

1p ordinary

SWAP

Decreasing Short

7,500

23.0142 GBP

1p ordinary

SWAP

Decreasing Short

19,882

22.9971 GBP

1p ordinary

SWAP

Decreasing Short

39,824

23.0014 GBP

1p ordinary

SWAP

Increasing Long

900

22.9829 GBP

1p ordinary

CFD

Increasing Long

1,031

22.9543 GBP

1p ordinary

SWAP

Increasing Long

2,106

22.9859 GBP

1p ordinary

SWAP

Increasing Long

3,229

22.9291 GBP

1p ordinary

SWAP

Increasing Long

15,482

22.9858 GBP

1p ordinary

SWAP

Increasing Short

29

22.5800 GBP

1p ordinary

SWAP

Increasing Short

140

23.1301 GBP

1p ordinary

SWAP

Increasing Short

303

22.7456 GBP

1p ordinary

SWAP

Increasing Short

352

23.1856 GBP

1p ordinary

SWAP

Increasing Short

426

22.9639 GBP

1p ordinary

SWAP

Increasing Short

544

22.8160 GBP

1p ordinary

SWAP

Increasing Short

604

23.0200 GBP

1p ordinary

SWAP

Increasing Short

606

22.7937 GBP

1p ordinary

SWAP

Increasing Short

4,829

22.8679 GBP

1p ordinary

SWAP

Increasing Short

5,000

22.7097 GBP

1p ordinary

SWAP

Increasing Short

12,445

23.1030 GBP

1p ordinary

SWAP

Opening Short

25,077

22.8082 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