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:

15 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:

9,414,684

0.98%

5,483,206

0.57%

(2) Cash-settled derivatives:

3,252,743

0.34%

8,622,977

0.90%

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

0

0.00%

0

0.00%

TOTAL: 

12,667,427

1.32%

14,106,183

1.47%

(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

5117997

3.2920 GBP

2.7360 GBP

1p ordinary

Purchase

2113882

3.2820 GBP

2.7420 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

100

2.8019 GBP

1p ordinary

SWAP

Closing Long

119

3.1764 GBP

1p ordinary

SWAP

Closing Long

1,144

3.1480 GBP

1p ordinary

SWAP

Closing Long

4,478

3.1514 GBP

1p ordinary

SWAP

Closing Long

10,053

2.9947 GBP

1p ordinary

SWAP

Closing Long

74,574

3.1483 GBP

1p ordinary

SWAP

Closing Short

354,148

2.7845 GBP

1p ordinary

SWAP

Closing Short

969,246

3.2671 GBP

1p ordinary

SWAP

Closing Short

1,026,740

3.2578 GBP

1p ordinary

CFD

Decreasing Long

109

2.7500 GBP

1p ordinary

CFD

Decreasing Long

1,335

3.1480 GBP

1p ordinary

CFD

Decreasing Long

2,300

3.2133 GBP

1p ordinary

CFD

Decreasing Long

2,416

3.2086 GBP

1p ordinary

CFD

Decreasing Long

6,166

3.2066 GBP

1p ordinary

CFD

Decreasing Long

9,713

3.0223 GBP

1p ordinary

SWAP

Decreasing Short

117

3.1477 GBP

1p ordinary

SWAP

Decreasing Short

140

2.7839 GBP

1p ordinary

SWAP

Decreasing Short

291

2.7839 GBP

1p ordinary

SWAP

Decreasing Short

537

2.7360 GBP

1p ordinary

SWAP

Decreasing Short

838

2.9069 GBP

1p ordinary

SWAP

Decreasing Short

1,598

2.8705 GBP

1p ordinary

SWAP

Decreasing Short

1,939

2.9491 GBP

1p ordinary

SWAP

Decreasing Short

2,297

2.9079 GBP

1p ordinary

SWAP

Decreasing Short

3,283

3.1952 GBP

1p ordinary

SWAP

Decreasing Short

3,962

2.9494 GBP

1p ordinary

SWAP

Decreasing Short

6,565

3.1824 GBP

1p ordinary

SWAP

Decreasing Short

7,523

3.0901 GBP

1p ordinary

SWAP

Decreasing Short

9,756

3.3500 GBP

1p ordinary

SWAP

Decreasing Short

12,920

2.8574 GBP

1p ordinary

SWAP

Decreasing Short

29,761

3.2202 GBP

1p ordinary

SWAP

Decreasing Short

48,418

3.1682 GBP

1p ordinary

SWAP

Decreasing Short

71,623

3.1846 GBP

1p ordinary

SWAP

Decreasing Short

75,071

3.1748 GBP

1p ordinary

SWAP

Decreasing Short

84,964

3.1479 GBP

1p ordinary

SWAP

Decreasing Short

219,664

3.1692 GBP

1p ordinary

SWAP

Decreasing Short

373,087

3.1994 GBP

1p ordinary

SWAP

Decreasing Short

430,119

3.1771 GBP

1p ordinary

CFD

Increasing Long

198

3.2697 GBP

1p ordinary

CFD

Increasing Long

1,652

3.2529 GBP

1p ordinary

CFD

Increasing Long

6,668

2.7921 GBP

1p ordinary

CFD

Increasing Long

12,127

3.2376 GBP

1p ordinary

CFD

Increasing Long

157,137

3.1480 GBP

1p ordinary

SWAP

Increasing Short

481

3.2400 GBP

1p ordinary

SWAP

Increasing Short

1,092

2.7814 GBP

1p ordinary

SWAP

Increasing Short

7,272

3.1461 GBP

1p ordinary

SWAP

Increasing Short

15,567

2.9485 GBP

1p ordinary

SWAP

Increasing Short

17,839

3.1625 GBP

1p ordinary

SWAP

Increasing Short

31,437

3.0802 GBP

1p ordinary

SWAP

Increasing Short

43,579

3.1516 GBP

1p ordinary

SWAP

Increasing Short

48,941

3.0910 GBP

1p ordinary

SWAP

Increasing Short

112,010

3.2097 GBP

1p ordinary

SWAP

Increasing Short

278,702

3.1480 GBP

1p ordinary

SWAP

Increasing Short

327,831

3.1480 GBP

1p ordinary

SWAP

Opening Long

1

3.1500 GBP

1p ordinary

SWAP

Opening Long

159,469

3.1976 GBP

1p ordinary

SWAP

Opening Short

75,290

3.1637 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:

16 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213