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:

21 Jun 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:

905,320

1.13%

337,471

0.42%

(2) Cash-settled derivatives:

327,015

0.41%

895,419

1.12%

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

0

0.00%

0

0.00%

TOTAL: 

1,232,335

1.54%

1,232,890

1.54%

(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

261865

22.8000 GBP

22.2311 GBP

1p ordinary

Sale

182354

22.6800 GBP

22.3672 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 Short

748

22.5884 GBP

1p ordinary

SWAP

Closing Short

2,850

22.5938 GBP

1p ordinary

SWAP

Closing Short

16,185

22.3800 GBP

1p ordinary

SWAP

Decreasing Long

56

22.5402 GBP

1p ordinary

SWAP

Decreasing Long

1,542

22.6414 GBP

1p ordinary

SWAP

Decreasing Long

1,832

22.6832 GBP

1p ordinary

SWAP

Decreasing Long

8,729

22.6535 GBP

1p ordinary

CFD

Decreasing Long

80,349

22.3800 GBP

1p ordinary

SWAP

Decreasing Short

60

22.5400 GBP

1p ordinary

SWAP

Decreasing Short

83

22.5279 GBP

1p ordinary

SWAP

Decreasing Short

476

22.4892 GBP

1p ordinary

SWAP

Decreasing Short

2,995

22.5798 GBP

1p ordinary

SWAP

Decreasing Short

3,319

22.5193 GBP

1p ordinary

SWAP

Increasing Long

104

22.5396 GBP

1p ordinary

SWAP

Increasing Long

329

22.5529 GBP

1p ordinary

SWAP

Increasing Long

1,237

22.5644 GBP

1p ordinary

SWAP

Increasing Long

2,176

22.5641 GBP

1p ordinary

CFD

Increasing Long

80,349

22.3800 GBP

1p ordinary

SWAP

Increasing Short

23

22.4878 GBP

1p ordinary

SWAP

Increasing Short

216

22.5800 GBP

1p ordinary

SWAP

Increasing Short

228

22.5731 GBP

1p ordinary

SWAP

Increasing Short

682

22.5773 GBP

1p ordinary

SWAP

Increasing Short

3,826

22.5377 GBP

1p ordinary

SWAP

Increasing Short

9,141

22.6206 GBP

1p ordinary

SWAP

Increasing Short

14,139

22.3800 GBP

1p ordinary

SWAP

Increasing Short

25,000

22.2311 GBP

1p ordinary

SWAP

Increasing Short

50,000

22.5061 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:

24 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213