International Distributions Services Regulatory News (IDS)

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 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:

9,330,020

0.97%

5,628,110

0.59%

(2) Cash-settled derivatives:

3,240,609

0.34%

8,644,645

0.90%

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

0

0.00%

0

0.00%

TOTAL: 

12,570,629

1.31%

14,272,755

1.49%

(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

1811725

3.2400 GBP

3.1954 GBP

1p ordinary

Purchase

1401123

3.2400 GBP

3.1960 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

20,594

3.2167 GBP

1p ordinary

SWAP

Closing Long

28,966

3.2000 GBP

1p ordinary

SWAP

Decreasing Long

423

3.2188 GBP

1p ordinary

SWAP

Decreasing Long

11,231

3.1975 GBP

1p ordinary

SWAP

Decreasing Long

33,691

3.2009 GBP

1p ordinary

CFD

Decreasing Long

80,723

3.2000 GBP

1p ordinary

SWAP

Decreasing Short

33

3.2279 GBP

1p ordinary

SWAP

Decreasing Short

48

3.2260 GBP

1p ordinary

SWAP

Decreasing Short

67

3.2279 GBP

1p ordinary

SWAP

Decreasing Short

362

3.2200 GBP

1p ordinary

SWAP

Decreasing Short

1,056

3.2137 GBP

1p ordinary

SWAP

Decreasing Short

1,113

3.2142 GBP

1p ordinary

SWAP

Decreasing Short

1,169

3.2380 GBP

1p ordinary

SWAP

Decreasing Short

1,317

3.2199 GBP

1p ordinary

SWAP

Decreasing Short

2,035

3.2251 GBP

1p ordinary

SWAP

Decreasing Short

4,547

3.2045 GBP

1p ordinary

SWAP

Decreasing Short

7,700

3.2075 GBP

1p ordinary

SWAP

Decreasing Short

18,218

3.2198 GBP

1p ordinary

SWAP

Decreasing Short

23,632

3.2161 GBP

1p ordinary

SWAP

Decreasing Short

29,204

3.1977 GBP

1p ordinary

SWAP

Decreasing Short

31,999

3.2131 GBP

1p ordinary

SWAP

Decreasing Short

33,331

3.1999 GBP

1p ordinary

SWAP

Decreasing Short

50,767

3.2135 GBP

1p ordinary

CFD

Increasing Long

381,844

3.2000 GBP

1p ordinary

SWAP

Increasing Short

100

3.2260 GBP

1p ordinary

SWAP

Increasing Short

310

3.2026 GBP

1p ordinary

SWAP

Increasing Short

1,019

3.2300 GBP

1p ordinary

SWAP

Increasing Short

1,135

3.2084 GBP

1p ordinary

SWAP

Increasing Short

1,404

3.2066 GBP

1p ordinary

SWAP

Increasing Short

1,426

3.2246 GBP

1p ordinary

SWAP

Increasing Short

1,510

3.2233 GBP

1p ordinary

SWAP

Increasing Short

1,595

3.2162 GBP

1p ordinary

SWAP

Increasing Short

1,619

3.2203 GBP

1p ordinary

SWAP

Increasing Short

2,563

3.2148 GBP

1p ordinary

SWAP

Increasing Short

11,063

3.2258 GBP

1p ordinary

SWAP

Increasing Short

20,704

3.2097 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:

20 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213