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:

04 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:

1,878,782

2.35%

275,426

0.34%

(2) Cash-settled derivatives:

220,465

0.28%

1,836,397

2.30%

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

0

0.00%

0

0.00%

TOTAL: 

2,099,247

2.63%

2,111,823

2.64%

(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

183338

23.9000 GBP

23.8588 GBP

1p ordinary

Sale

101112

23.8900 GBP

23.8598 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

400

23.8850 GBP

1p ordinary

SWAP

Increasing Short

245

23.8779 GBP

1p ordinary

CFD

Decreasing Short

1,847

23.8667 GBP

1p ordinary

CFD

Decreasing Short

1,954

23.8731 GBP

1p ordinary

CFD

Decreasing Short

778

23.8785 GBP

1p ordinary

CFD

Increasing Short

7,389

23.8775 GBP

1p ordinary

CFD

Increasing Short

11,656

23.8847 GBP

1p ordinary

SWAP

Decreasing Long

985

23.8780 GBP

1p ordinary

SWAP

Increasing Long

29,419

23.8620 GBP

1p ordinary

SWAP

Decreasing Long

27,672

23.8600 GBP

1p ordinary

SWAP

Decreasing Long

1,747

23.8811 GBP

1p ordinary

SWAP

Decreasing Long

1,828

23.8782 GBP

1p ordinary

SWAP

Increasing Short

37,692

23.8832 GBP

1p ordinary

SWAP

Increasing Short

676

23.8832 GBP

1p ordinary

SWAP

Decreasing Short

5,655

23.8600 GBP

1p ordinary

SWAP

Decreasing Short

9,777

23.8704 GBP

1p ordinary

SWAP

Increasing Short

706

23.8800 GBP

1p ordinary

SWAP

Increasing Short

22,128

23.8813 GBP

1p ordinary

SWAP

Increasing Short

8,380

23.8923 GBP

1p ordinary

SWAP

Increasing Long

11

23.8598 GBP

1p ordinary

SWAP

Decreasing Long

276

23.8887 GBP

1p ordinary

SWAP

Decreasing Long

4,938

23.8782 GBP

1p ordinary

SWAP

Decreasing Long

5,811

23.8604 GBP

1p ordinary

SWAP

Decreasing Long

908

23.8626 GBP

1p ordinary

SWAP

Decreasing Long

176

23.8955 GBP

1p ordinary

SWAP

Opening Long

21,660

23.8690 GBP

1p ordinary

SWAP

Increasing Long

33

23.8744 GBP

1p ordinary

SWAP

Decreasing Long

2,642

23.8734 GBP

1p ordinary

SWAP

Decreasing Long

2,953

23.8763 GBP

1p ordinary

SWAP

Decreasing Short

3,509

23.8600 GBP

1p ordinary

SWAP

Decreasing Short

6,318

23.8740 GBP

1p ordinary

SWAP

Increasing Short

22,427

23.8820 GBP

1p ordinary

SWAP

Increasing Short

1,748

23.8883 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:

05 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213