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:

29 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:

349,510

0.44%

295,500

0.37%

(2) Cash-settled derivatives:

290,564

0.36%

337,878

0.42%

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

0

0.00%

0

0.00%

TOTAL: 

640,074

0.80%

633,378

0.79%

(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

43290

22.5297 GBP

22.3000 GBP

1p ordinary

Sale

60687

22.4669 GBP

22.2995 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 Long

1

22.4800 GBP

1p ordinary

SWAP

Decreasing Long

281

22.4945 GBP

1p ordinary

SWAP

Decreasing Long

578

22.4888 GBP

1p ordinary

SWAP

Decreasing Long

1,411

22.4392 GBP

1p ordinary

SWAP

Decreasing Long

1,977

22.5297 GBP

1p ordinary

SWAP

Decreasing Short

269

22.4199 GBP

1p ordinary

SWAP

Decreasing Short

294

22.4200 GBP

1p ordinary

SWAP

Decreasing Short

327

22.4024 GBP

1p ordinary

SWAP

Decreasing Short

1,299

22.3000 GBP

1p ordinary

SWAP

Decreasing Short

4,598

22.3987 GBP

1p ordinary

CFD

Increasing Long

154

22.3579 GBP

1p ordinary

SWAP

Increasing Long

285

22.3495 GBP

1p ordinary

SWAP

Increasing Long

550

22.4265 GBP

1p ordinary

SWAP

Increasing Long

577

22.4254 GBP

1p ordinary

CFD

Increasing Long

767

22.3060 GBP

1p ordinary

CFD

Increasing Long

1,016

22.3791 GBP

1p ordinary

SWAP

Increasing Long

1,310

22.4260 GBP

1p ordinary

CFD

Increasing Long

1,527

22.3878 GBP

1p ordinary

SWAP

Increasing Long

1,765

22.3000 GBP

1p ordinary

SWAP

Increasing Long

3,473

22.2995 GBP

1p ordinary

SWAP

Increasing Long

11,264

22.4091 GBP

1p ordinary

SWAP

Increasing Short

3,544

22.3847 GBP

1p ordinary

SWAP

Increasing Short

4,286

22.3939 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:

30 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213