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:

12 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:

638,601

0.80%

355,791

0.45%

(2) Cash-settled derivatives:

354,709

0.44%

630,789

0.79%

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

0

0.00%

0

0.00%

TOTAL: 

993,310

1.24%

986,580

1.24%

(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

67748

21.6426 GBP

21.4200 GBP

1p ordinary

Sale

41370

21.6023 GBP

21.3795 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

176

21.6458 GBP

1p ordinary

SWAP

Decreasing Long

222

21.6426 GBP

1p ordinary

SWAP

Decreasing Long

945

21.4858 GBP

1p ordinary

SWAP

Decreasing Long

1,608

21.6357 GBP

1p ordinary

CFD

Decreasing Long

1,760

21.5192 GBP

1p ordinary

SWAP

Decreasing Long

4,550

21.6183 GBP

1p ordinary

SWAP

Decreasing Short

57

21.5600 GBP

1p ordinary

SWAP

Decreasing Short

432

21.5552 GBP

1p ordinary

SWAP

Decreasing Short

648

21.3795 GBP

1p ordinary

SWAP

Decreasing Short

679

21.5000 GBP

1p ordinary

SWAP

Decreasing Short

1,903

21.2776 GBP

1p ordinary

SWAP

Increasing Long

167

21.4997 GBP

1p ordinary

SWAP

Increasing Long

199

21.4909 GBP

1p ordinary

SWAP

Increasing Long

392

21.5299 GBP

1p ordinary

SWAP

Increasing Long

784

21.5366 GBP

1p ordinary

SWAP

Increasing Long

926

21.5292 GBP

1p ordinary

CFD

Increasing Long

1,054

21.5370 GBP

1p ordinary

SWAP

Increasing Long

1,638

21.5529 GBP

1p ordinary

SWAP

Increasing Long

2,542

21.4700 GBP

1p ordinary

SWAP

Increasing Long

2,881

21.5524 GBP

1p ordinary

SWAP

Increasing Long

4,076

21.5347 GBP

1p ordinary

SWAP

Increasing Long

12,647

21.4998 GBP

1p ordinary

SWAP

Increasing Short

10

21.7200 GBP

1p ordinary

SWAP

Increasing Short

329

21.6293 GBP

1p ordinary

SWAP

Increasing Short

503

21.6394 GBP

1p ordinary

SWAP

Increasing Short

852

21.5900 GBP

1p ordinary

SWAP

Increasing Short

8,626

21.5832 GBP

1p ordinary

SWAP

Increasing Short

9,299

21.5635 GBP

1p ordinary

SWAP

Increasing Short

12,209

21.5622 GBP

1p ordinary

SWAP

Increasing Short

15,847

21.5688 GBP

1p ordinary

SWAP

Opening Short

2,283

21.5397 GBP

1p ordinary

SWAP

Opening Short

2,750

21.5481 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:

13 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213