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:

11 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:

594,178

0.74%

337,746

0.42%

(2) Cash-settled derivatives:

336,664

0.42%

586,366

0.73%

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

0

0.00%

0

0.00%

TOTAL: 

930,842

1.17%

924,112

1.16%

(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

70985

21.6534 GBP

21.4200 GBP

1p ordinary

Sale

57865

21.6275 GBP

21.4198 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

98

21.6128 GBP

1p ordinary

SWAP

Decreasing Long

357

21.7485 GBP

1p ordinary

SWAP

Decreasing Long

464

21.5313 GBP

1p ordinary

CFD

Decreasing Long

502

21.5356 GBP

1p ordinary

SWAP

Decreasing Short

432

21.5126 GBP

1p ordinary

SWAP

Decreasing Short

847

21.5753 GBP

1p ordinary

SWAP

Decreasing Short

1,294

21.6722 GBP

1p ordinary

SWAP

Decreasing Short

3,977

21.5512 GBP

1p ordinary

SWAP

Decreasing Short

6,190

21.5599 GBP

1p ordinary

SWAP

Increasing Long

305

21.5197 GBP

1p ordinary

SWAP

Increasing Long

408

21.6024 GBP

1p ordinary

SWAP

Increasing Long

1,009

21.6078 GBP

1p ordinary

SWAP

Increasing Long

1,148

21.5103 GBP

1p ordinary

SWAP

Increasing Long

1,689

21.6103 GBP

1p ordinary

SWAP

Increasing Long

2,967

21.6105 GBP

1p ordinary

SWAP

Increasing Long

3,537

21.4198 GBP

1p ordinary

SWAP

Increasing Long

4,693

21.5804 GBP

1p ordinary

SWAP

Increasing Short

191

21.6375 GBP

1p ordinary

SWAP

Increasing Short

200

21.4803 GBP

1p ordinary

SWAP

Increasing Short

481

21.6223 GBP

1p ordinary

SWAP

Increasing Short

495

21.5482 GBP

1p ordinary

SWAP

Increasing Short

699

21.6534 GBP

1p ordinary

SWAP

Increasing Short

2,000

21.5154 GBP

1p ordinary

SWAP

Increasing Short

2,354

21.6423 GBP

1p ordinary

SWAP

Increasing Short

3,243

21.4200 GBP

1p ordinary

SWAP

Increasing Short

5,818

21.4210 GBP

1p ordinary

SWAP

Increasing Short

7,500

21.5413 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:

12 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213