Form 8.5 (EPT/NON-RI) KEYWORDS STUDIOS PLC

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:

09 Jul 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:

2,197,812

2.74%

252,037

0.31%

(2) Cash-settled derivatives:

195,732

0.24%

2,154,986

2.69%

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

0

0.00%

0

0.00%

TOTAL: 

2,393,544

2.99%

2,407,023

3.01%

(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

454432

23.9462 GBP

23.8988 GBP

1p ordinary

Sale

305504

23.9361 GBP

23.8871 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 Short

1,487

23.9342 GBP

1p ordinary

SWAP

Increasing Short

110

23.9237 GBP

1p ordinary

CFD

Increasing Short

150

23.9239 GBP

1p ordinary

CFD

Increasing Short

1,625

23.9414 GBP

1p ordinary

SWAP

Decreasing Long

442

23.9236 GBP

1p ordinary

SWAP

Increasing Long

5,516

23.9000 GBP

1p ordinary

SWAP

Increasing Long

217

23.9388 GBP

1p ordinary

SWAP

Closing Long

7,029

23.9098 GBP

1p ordinary

SWAP

Decreasing Long

553

23.9132 GBP

1p ordinary

SWAP

Increasing Short

75,087

23.9329 GBP

1p ordinary

SWAP

Increasing Short

82,619

23.9462 GBP

1p ordinary

SWAP

Increasing Short

1,102

23.9329 GBP

1p ordinary

SWAP

Increasing Short

1,504

23.9462 GBP

1p ordinary

SWAP

Decreasing Short

8,885

23.8871 GBP

1p ordinary

SWAP

Decreasing Short

18

23.9100 GBP

1p ordinary

SWAP

Decreasing Short

281

23.9200 GBP

1p ordinary

SWAP

Decreasing Short

58,783

23.9281 GBP

1p ordinary

SWAP

Increasing Short

1,137

23.9000 GBP

1p ordinary

SWAP

Increasing Short

39,073

23.9282 GBP

1p ordinary

SWAP

Increasing Short

26,637

23.9289 GBP

1p ordinary

SWAP

Increasing Short

363

23.9300 GBP

1p ordinary

SWAP

Increasing Short

123

23.9331 GBP

1p ordinary

SWAP

Increasing Short

73

23.9400 GBP

1p ordinary

SWAP

Decreasing Long

4,705

23.9239 GBP

1p ordinary

SWAP

Decreasing Long

582

23.9019 GBP

1p ordinary

SWAP

Decreasing Long

689

23.9338 GBP

1p ordinary

SWAP

Decreasing Long

1,476

23.9132 GBP

1p ordinary

SWAP

Decreasing Long

147

23.9004 GBP

1p ordinary

SWAP

Decreasing Long

17

23.9123 GBP

1p ordinary

SWAP

Decreasing Long

9,599

23.9262 GBP

1p ordinary

SWAP

Decreasing Long

66

23.9326 GBP

1p ordinary

SWAP

Decreasing Long

2,643

23.9263 GBP

1p ordinary

SWAP

Decreasing Short

137,159

23.9281 GBP

1p ordinary

SWAP

Increasing Short

782

23.9000 GBP

1p ordinary

SWAP

Increasing Short

32,901

23.9290 GBP

1p ordinary

SWAP

Increasing Short

1,173

23.9300 GBP

1p ordinary

SWAP

Increasing Short

69,183

23.9302 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:

10 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213