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:

02 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:

1,809,948

2.26%

256,639

0.32%

(2) Cash-settled derivatives:

232,576

0.29%

1,798,973

2.25%

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

0

0.00%

0

0.00%

TOTAL: 

2,042,524

2.55%

2,055,612

2.57%

(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

472467

23.1850 GBP

23.1000 GBP

1p ordinary

Sale

69815

23.2208 GBP

23.0961 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

1,183

23.1078 GBP

1p ordinary

SWAP

Increasing Short

3,924

23.1282 GBP

1p ordinary

CFD

Increasing Long

191

23.0961 GBP

1p ordinary

CFD

Increasing Long

814

23.1186 GBP

1p ordinary

CFD

Increasing Long

1,719

23.1408 GBP

1p ordinary

CFD

Increasing Long

2,015

23.1558 GBP

1p ordinary

CFD

Increasing Long

17,826

23.1800 GBP

1p ordinary

CFD

Decreasing Long

17,826

23.1800 GBP

1p ordinary

SWAP

Increasing Long

2,959

23.1262 GBP

1p ordinary

SWAP

Increasing Long

1,090

23.1984 GBP

1p ordinary

SWAP

Decreasing Long

80

23.1569 GBP

1p ordinary

SWAP

Increasing Long

190

23.1418 GBP

1p ordinary

SWAP

Increasing Short

44,982

23.1115 GBP

1p ordinary

SWAP

Increasing Short

116,930

23.1205 GBP

1p ordinary

SWAP

Increasing Short

134,955

23.1215 GBP

1p ordinary

SWAP

Increasing Short

63,643

23.1442 GBP

1p ordinary

SWAP

Increasing Short

834

23.1115 GBP

1p ordinary

SWAP

Increasing Short

2,163

23.1205 GBP

1p ordinary

SWAP

Increasing Short

2,498

23.1215 GBP

1p ordinary

SWAP

Increasing Short

1,176

23.1442 GBP

1p ordinary

SWAP

Decreasing Short

834

23.1039 GBP

1p ordinary

SWAP

Decreasing Short

6,157

23.1078 GBP

1p ordinary

SWAP

Decreasing Short

468

23.1222 GBP

1p ordinary

SWAP

Decreasing Short

237

23.1800 GBP

1p ordinary

SWAP

Increasing Short

1

23.0800 GBP

1p ordinary

SWAP

Increasing Short

3,042

23.1000 GBP

1p ordinary

SWAP

Increasing Short

15,000

23.1035 GBP

1p ordinary

SWAP

Increasing Short

5,572

23.1210 GBP

1p ordinary

SWAP

Increasing Short

1,170

23.1468 GBP

1p ordinary

SWAP

Increasing Short

160

23.1600 GBP

1p ordinary

SWAP

Increasing Long

123

23.1214 GBP

1p ordinary

SWAP

Decreasing Long

22

23.1001 GBP

1p ordinary

SWAP

Increasing Long

1,420

23.1305 GBP

1p ordinary

SWAP

Increasing Long

693

23.1356 GBP

1p ordinary

SWAP

Decreasing Short

476

23.1396 GBP

1p ordinary

SWAP

Increasing Short

33

23.1430 GBP

1p ordinary

SWAP

Decreasing Short

7,360

23.1188 GBP

1p ordinary

SWAP

Decreasing Short

1,835

23.1800 GBP

1p ordinary

SWAP

Increasing Short

2,906

23.0986 GBP

1p ordinary

SWAP

Increasing Short

35,000

23.1035 GBP

1p ordinary

SWAP

Increasing Short

551

23.1850 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:

03 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213