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:

17 Apr 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:

12,558,479

1.31%

5,434,257

0.57%

(2) Cash-settled derivatives:

2,649,121

0.28%

11,993,495

1.25%

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

0

0.00%

0

0.00%

TOTAL: 

15,207,600

1.59%

17,427,752

1.82%

(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

3119163

2.7600 GBP

2.1288 GBP

1p ordinary

Purchase

1845783

2.7600 GBP

2.1348 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

514

2.5664 GBP

1p ordinary

SWAP

Opening Long

525

2.5679 GBP

1p ordinary

SWAP

Opening Long

1,547

2.5490 GBP

1p ordinary

SWAP

Opening Long

1,688

2.1288 GBP

1p ordinary

SWAP

Opening Long

2,543

2.5489 GBP

1p ordinary

SWAP

Opening Long

2,544

2.5937 GBP

1p ordinary

SWAP

Opening Long

2,544

2.5424 GBP

1p ordinary

SWAP

Opening Long

4,957

2.5809 GBP

1p ordinary

SWAP

Opening Long

20,576

2.5754 GBP

1p ordinary

SWAP

Opening Long

31,571

2.5534 GBP

1p ordinary

SWAP

Opening Long

208,179

2.5682 GBP

1p ordinary

SWAP

Opening Short

34

2.1300 GBP

1p ordinary

SWAP

Opening Short

277

2.4980 GBP

1p ordinary

SWAP

Opening Short

400

2.5669 GBP

1p ordinary

SWAP

Opening Short

424

2.6514 GBP

1p ordinary

SWAP

Opening Short

590

2.4853 GBP

1p ordinary

SWAP

Opening Short

696

2.4975 GBP

1p ordinary

SWAP

Opening Short

793

2.5632 GBP

1p ordinary

SWAP

Opening Short

1,099

2.5740 GBP

1p ordinary

SWAP

Opening Short

1,277

2.5947 GBP

1p ordinary

SWAP

Opening Short

1,375

2.4518 GBP

1p ordinary

SWAP

Opening Short

2,021

2.5080 GBP

1p ordinary

SWAP

Opening Short

5,043

2.5008 GBP

1p ordinary

SWAP

Opening Short

5,385

2.4495 GBP

1p ordinary

SWAP

Opening Short

5,403

2.6085 GBP

1p ordinary

SWAP

Opening Short

5,632

2.4642 GBP

1p ordinary

SWAP

Opening Short

6,429

2.5460 GBP

1p ordinary

SWAP

Opening Short

6,844

2.4780 GBP

1p ordinary

CFD

Opening Short

6,948

2.5656 GBP

1p ordinary

SWAP

Opening Short

9,600

2.5355 GBP

1p ordinary

SWAP

Opening Short

10,157

2.4756 GBP

1p ordinary

CFD

Opening Short

11,323

2.5056 GBP

1p ordinary

SWAP

Opening Short

21,958

2.5260 GBP

1p ordinary

SWAP

Opening Short

25,750

2.6855 GBP

1p ordinary

SWAP

Opening Short

26,907

2.5648 GBP

1p ordinary

SWAP

Opening Short

35,250

2.5665 GBP

1p ordinary

SWAP

Opening Short

43,055

2.4903 GBP

1p ordinary

CFD

Opening Short

46,329

2.5997 GBP

1p ordinary

SWAP

Opening Short

51,324

2.5043 GBP

1p ordinary

SWAP

Opening Short

53,270

2.5497 GBP

1p ordinary

SWAP

Opening Short

62,561

2.4869 GBP

1p ordinary

SWAP

Opening Short

80,928

2.5126 GBP

1p ordinary

SWAP

Opening Short

94,595

2.5291 GBP

1p ordinary

SWAP

Opening Short

136,062

2.7346 GBP

1p ordinary

SWAP

Opening Short

157,620

2.5496 GBP

1p ordinary

SWAP

Opening Short

165,784

2.5340 GBP

1p ordinary

SWAP

Opening Short

223,336

2.5214 GBP

1p ordinary

SWAP

Opening Short

375,135

2.5682 GBP

1p ordinary

SWAP

Opening Short

514,235

2.5248 GBP

1p ordinary

SWAP

Opening Short

666,368

2.7600 GBP

1p ordinary

SWAP

Opening Short

734,088

2.6004 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:

18 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213