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

FORM 8.5 (EPT/NON-RI) Amendment in 2(a) and 3(b)

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:

03 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:

1,850,766

2.31%

322,480

0.40%

(2) Cash-settled derivatives:

273,146

0.34%

1,765,374

2.21%

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

0

0.00%

0

0.00%

TOTAL: 

2,116,756

2.65%

2,087,854

2.61%

(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

798066

23.8983 GBP

23.8200 GBP

1p ordinary

Sale

823089

23.9011 GBP

23.8160 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

28,774

23.8228 GBP

1p ordinary

SWAP

Increasing Short

10,189

23.8600 GBP

1p ordinary

CFD

Increasing Long

311

23.8160 GBP

1p ordinary

CFD

Increasing Long

761

23.8378 GBP

1p ordinary

CFD

Increasing Long

831

23.8520 GBP

1p ordinary

CFD

Decreasing Long

20,020

23.8433 GBP

1p ordinary

CFD

Opening Short

29,732

23.8502 GBP

1p ordinary

CFD

Increasing Short

5

23.8640 GBP

1p ordinary

SWAP

Increasing Long

544

23.8265 GBP

1p ordinary

SWAP

Increasing Long

292

23.8597 GBP

1p ordinary

SWAP

Opening Long

2,066

23.8388 GBP

1p ordinary

SWAP

Increasing Long

40,016

23.9000 GBP

1p ordinary

SWAP

Closing Long

42,082

23.8929 GBP

1p ordinary

SWAP

Decreasing Long

506

23.8495 GBP

1p ordinary

SWAP

Increasing Short

127,762

23.8319 GBP

1p ordinary

SWAP

Increasing Short

68,784

23.8396 GBP

1p ordinary

SWAP

Increasing Short

62,075

23.8469 GBP

1p ordinary

SWAP

Increasing Short

2,364

23.8319 GBP

1p ordinary

SWAP

Increasing Short

1,276

23.8396 GBP

1p ordinary

SWAP

Increasing Short

1,157

23.8469 GBP

1p ordinary

SWAP

Decreasing Short

50,242

23.8275 GBP

1p ordinary

SWAP

Decreasing Short

1,246

23.8277 GBP

1p ordinary

SWAP

Decreasing Short

85,100

23.8281 GBP

1p ordinary

SWAP

Decreasing Short

29,000

23.8380 GBP

1p ordinary

SWAP

Decreasing Short

141

23.8400 GBP

1p ordinary

SWAP

Decreasing Short

3,770

23.9000 GBP

1p ordinary

SWAP

Increasing Short

3,670

23.8300 GBP

1p ordinary

SWAP

Increasing Short

12

23.8400 GBP

1p ordinary

SWAP

Increasing Short

2,110

23.8470 GBP

1p ordinary

SWAP

Increasing Short

485

23.8501 GBP

1p ordinary

SWAP

Increasing Short

15,880

23.8570 GBP

1p ordinary

SWAP

Increasing Short

28,182

23.8582 GBP

1p ordinary

SWAP

Increasing Short

27,000

23.8619 GBP

1p ordinary

SWAP

Increasing Long

6,602

23.8229 GBP

1p ordinary

SWAP

Decreasing Long

2,439

23.8561 GBP

1p ordinary

SWAP

Increasing Long

29

23.8249 GBP

1p ordinary

SWAP

Increasing Long

304

23.8265 GBP

1p ordinary

SWAP

Increasing Long

162

23.8597 GBP

1p ordinary

SWAP

Decreasing Long

1,383

23.8496 GBP

1p ordinary

SWAP

Opening Long

17,856

23.8333 GBP

1p ordinary

SWAP

Increasing Long

15,190

23.8462 GBP

1p ordinary

SWAP

Decreasing Short

476

23.8492 GBP

1p ordinary

SWAP

Decreasing Short

4,000

23.8940 GBP

1p ordinary

SWAP

Decreasing Short

198,400

23.8288 GBP

1p ordinary

SWAP

Decreasing Short

35,879

23.8300 GBP

1p ordinary

SWAP

Decreasing Short

71,000

23.8380 GBP

1p ordinary

SWAP

Decreasing Short

3,968

23.9000 GBP

1p ordinary

SWAP

Increasing Short

3,830

23.8300 GBP

1p ordinary

SWAP

Increasing Short

73,000

23.8619 GBP

1p ordinary

SWAP

Increasing Short

40,930

23.8648 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:

09 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213