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:

28 May 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:

348,467

0.44%

277,060

0.35%

(2) Cash-settled derivatives:

272,124

0.34%

336,835

0.42%

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

0

0.00%

0

0.00%

TOTAL: 

620,591

0.78%

613,895

0.77%

(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

14715

22.5400 GBP

22.1020 GBP

1p ordinary

Sale

38631

22.5422 GBP

22.1030 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

13,741

22.2000 GBP

1p ordinary

SWAP

Decreasing Long

41

22.3595 GBP

1p ordinary

SWAP

Decreasing Long

154

22.3977 GBP

1p ordinary

SWAP

Decreasing Long

399

22.4212 GBP

1p ordinary

SWAP

Decreasing Long

572

22.4334 GBP

1p ordinary

SWAP

Decreasing Long

621

22.3729 GBP

1p ordinary

SWAP

Decreasing Long

751

22.4957 GBP

1p ordinary

CFD

Decreasing Long

1,880

22.5017 GBP

1p ordinary

SWAP

Decreasing Short

267

22.4307 GBP

1p ordinary

SWAP

Decreasing Short

429

22.4311 GBP

1p ordinary

SWAP

Decreasing Short

608

22.4927 GBP

1p ordinary

SWAP

Decreasing Short

1,138

22.3694 GBP

1p ordinary

SWAP

Decreasing Short

1,760

22.5000 GBP

1p ordinary

SWAP

Increasing Long

304

22.4750 GBP

1p ordinary

CFD

Increasing Long

365

22.3873 GBP

1p ordinary

SWAP

Increasing Long

583

22.3618 GBP

1p ordinary

CFD

Increasing Long

608

22.4012 GBP

1p ordinary

SWAP

Increasing Long

955

22.3792 GBP

1p ordinary

CFD

Increasing Long

956

22.3597 GBP

1p ordinary

SWAP

Increasing Long

1,127

22.4992 GBP

1p ordinary

SWAP

Increasing Long

1,201

22.3571 GBP

1p ordinary

CFD

Increasing Long

1,293

22.4103 GBP

1p ordinary

SWAP

Increasing Long

1,544

22.3812 GBP

1p ordinary

SWAP

Increasing Long

2,457

22.3568 GBP

1p ordinary

SWAP

Increasing Long

3,940

22.5000 GBP

1p ordinary

SWAP

Increasing Short

2

22.3600 GBP

1p ordinary

SWAP

Increasing Short

990

22.4622 GBP

1p ordinary

SWAP

Increasing Short

1,201

22.4289 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:

29 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213