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:

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:

268,191

0.34%

282,429

0.36%

(2) Cash-settled derivatives:

270,022

0.34%

257,830

0.33%

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

0

0.00%

0

0.00%

TOTAL: 

538,213

0.68%

540,259

0.68%

(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

38592

22.3400 GBP

22.0184 GBP

1p ordinary

Sale

92127

22.3389 GBP

21.9600 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

Decreasing Long

11

22.0401 GBP

1p ordinary

SWAP

Decreasing Long

22

22.0501 GBP

1p ordinary

SWAP

Decreasing Long

2,481

22.0697 GBP

1p ordinary

SWAP

Decreasing Short

173

22.0000 GBP

1p ordinary

SWAP

Decreasing Short

183

22.2392 GBP

1p ordinary

SWAP

Decreasing Short

208

22.2965 GBP

1p ordinary

SWAP

Decreasing Short

233

22.1496 GBP

1p ordinary

SWAP

Decreasing Short

640

22.2983 GBP

1p ordinary

SWAP

Decreasing Short

721

22.0814 GBP

1p ordinary

SWAP

Decreasing Short

1,589

22.1782 GBP

1p ordinary

SWAP

Decreasing Short

1,615

22.1344 GBP

1p ordinary

SWAP

Decreasing Short

1,783

22.2181 GBP

1p ordinary

SWAP

Decreasing Short

1,920

22.3389 GBP

1p ordinary

SWAP

Decreasing Short

3,207

22.2972 GBP

1p ordinary

SWAP

Decreasing Short

12,862

22.0385 GBP

1p ordinary

SWAP

Decreasing Short

26,828

22.0444 GBP

1p ordinary

SWAP

Decreasing Short

28,680

22.3000 GBP

1p ordinary

SWAP

Increasing Long

154

22.1927 GBP

1p ordinary

SWAP

Increasing Long

259

22.0696 GBP

1p ordinary

SWAP

Increasing Long

313

22.1925 GBP

1p ordinary

SWAP

Increasing Long

508

21.9998 GBP

1p ordinary

SWAP

Increasing Long

525

22.0705 GBP

1p ordinary

SWAP

Increasing Long

619

22.0586 GBP

1p ordinary

CFD

Increasing Long

1,097

22.1095 GBP

1p ordinary

SWAP

Increasing Long

1,413

22.0575 GBP

1p ordinary

CFD

Increasing Long

3,025

22.1679 GBP

1p ordinary

SWAP

Increasing Short

42

21.9800 GBP

1p ordinary

SWAP

Increasing Short

192

22.2338 GBP

1p ordinary

SWAP

Increasing Short

340

22.0233 GBP

1p ordinary

SWAP

Increasing Short

3,919

22.3339 GBP

1p ordinary

SWAP

Increasing Short

5,121

22.1703 GBP

1p ordinary

SWAP

Increasing Short

5,498

22.0080 GBP

1p ordinary

SWAP

Increasing Short

13,726

22.1796 GBP

1p ordinary

SWAP

Opening Long

106

22.2995 GBP

1p ordinary

SWAP

Opening Short

1,270

22.3022 GBP

1p ordinary

SWAP

Opening Short

2,504

22.2586 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