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:

20 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:

331,324

0.42%

433,183

0.55%

(2) Cash-settled derivatives:

406,809

0.51%

319,616

0.40%

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

0

0.00%

0

0.00%

TOTAL: 

738,133

0.93%

752,799

0.95%

(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

716691

24.5122 GBP

22.8200 GBP

1p ordinary

Sale

311092

24.1824 GBP

22.9831 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

Opening Long

17

23.6564 GBP

1p ordinary

SWAP

Opening Long

96

23.2594 GBP

1p ordinary

CFD

Opening Long

339

23.3561 GBP

1p ordinary

SWAP

Opening Long

404

23.6953 GBP

1p ordinary

CFD

Opening Long

415

23.5161 GBP

1p ordinary

CFD

Opening Long

541

23.6768 GBP

1p ordinary

SWAP

Opening Long

564

23.6458 GBP

1p ordinary

SWAP

Opening Long

779

24.0402 GBP

1p ordinary

CFD

Opening Long

781

23.8167 GBP

1p ordinary

SWAP

Opening Long

903

23.6926 GBP

1p ordinary

CFD

Opening Long

1,458

22.8220 GBP

1p ordinary

CFD

Opening Long

3,226

23.5975 GBP

1p ordinary

SWAP

Opening Long

3,249

23.4380 GBP

1p ordinary

SWAP

Opening Long

6,683

23.8073 GBP

1p ordinary

SWAP

Opening Long

10,464

23.7397 GBP

1p ordinary

SWAP

Opening Long

10,902

22.8874 GBP

1p ordinary

CFD

Opening Long

25,000

22.8218 GBP

1p ordinary

SWAP

Opening Long

33,968

23.4377 GBP

1p ordinary

SWAP

Opening Long

38,990

24.5122 GBP

1p ordinary

SWAP

Opening Long

43,156

24.0120 GBP

1p ordinary

SWAP

Opening Long

82,144

23.5136 GBP

1p ordinary

SWAP

Opening Short

19

23.3000 GBP

1p ordinary

SWAP

Opening Short

33

23.1490 GBP

1p ordinary

SWAP

Opening Short

150

23.2888 GBP

1p ordinary

SWAP

Opening Short

252

23.2594 GBP

1p ordinary

SWAP

Opening Short

1,387

23.7691 GBP

1p ordinary

SWAP

Opening Short

1,994

23.8744 GBP

1p ordinary

SWAP

Opening Short

2,270

23.0212 GBP

1p ordinary

SWAP

Opening Short

4,402

23.6686 GBP

1p ordinary

SWAP

Opening Short

4,623

23.7157 GBP

1p ordinary

SWAP

Opening Short

5,202

23.7138 GBP

1p ordinary

SWAP

Opening Short

5,612

23.7541 GBP

1p ordinary

SWAP

Opening Short

5,957

23.7273 GBP

1p ordinary

SWAP

Opening Short

6,042

23.8003 GBP

1p ordinary

SWAP

Opening Short

6,268

22.8228 GBP

1p ordinary

SWAP

Opening Short

7,500

22.8257 GBP

1p ordinary

SWAP

Opening Short

8,820

23.7055 GBP

1p ordinary

SWAP

Opening Short

13,708

23.7081 GBP

1p ordinary

SWAP

Opening Short

57,761

23.6203 GBP

1p ordinary

SWAP

Opening Short

61,351

23.5908 GBP

1p ordinary

SWAP

Opening Short

125,000

23.4754 GBP

1p ordinary

SWAP

Opening Short

216,361

22.8200 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:

21 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213