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:

31 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:

416,888

0.52%

290,867

0.36%

(2) Cash-settled derivatives:

285,931

0.36%

405,222

0.51%

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

0

0.00%

0

0.00%

TOTAL: 

702,819

0.88%

696,089

0.87%

(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

200848

22.3400 GBP

22.0984 GBP

1p ordinary

Sale

152027

22.3411 GBP

22.1008 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 Long

92

22.1200 GBP

1p ordinary

SWAP

Closing Long

192

22.2000 GBP

1p ordinary

SWAP

Closing Long

392

22.1644 GBP

1p ordinary

SWAP

Closing Long

24,629

22.3400 GBP

1p ordinary

SWAP

Decreasing Long

2

22.3201 GBP

1p ordinary

SWAP

Decreasing Long

213

22.2449 GBP

1p ordinary

SWAP

Decreasing Long

490

22.1571 GBP

1p ordinary

CFD

Decreasing Long

54,963

22.3400 GBP

1p ordinary

SWAP

Decreasing Short

178

22.2585 GBP

1p ordinary

SWAP

Decreasing Short

466

22.2450 GBP

1p ordinary

SWAP

Decreasing Short

1,047

22.2406 GBP

1p ordinary

SWAP

Decreasing Short

2,637

22.2038 GBP

1p ordinary

SWAP

Decreasing Short

13,898

22.3355 GBP

1p ordinary

SWAP

Decreasing Short

19,606

22.3400 GBP

1p ordinary

SWAP

Increasing Long

129

22.1946 GBP

1p ordinary

SWAP

Increasing Long

268

22.1934 GBP

1p ordinary

SWAP

Increasing Long

296

22.1008 GBP

1p ordinary

CFD

Increasing Long

375

22.1163 GBP

1p ordinary

SWAP

Increasing Long

537

22.1782 GBP

1p ordinary

SWAP

Increasing Long

932

22.2034 GBP

1p ordinary

SWAP

Increasing Long

1,283

22.1783 GBP

1p ordinary

CFD

Increasing Long

1,304

22.1684 GBP

1p ordinary

SWAP

Increasing Long

1,901

22.2037 GBP

1p ordinary

CFD

Increasing Long

54,963

22.3400 GBP

1p ordinary

SWAP

Increasing Short

71

22.2599 GBP

1p ordinary

SWAP

Increasing Short

2,500

22.1244 GBP

1p ordinary

SWAP

Increasing Short

2,733

22.1875 GBP

1p ordinary

SWAP

Increasing Short

75,000

22.2146 GBP

1p ordinary

SWAP

Opening Short

16

22.0000 GBP

1p ordinary

SWAP

Opening Short

88

22.1497 GBP

1p ordinary

SWAP

Opening Short

229

22.2462 GBP

1p ordinary

SWAP

Opening Short

7,597

22.1779 GBP

1p ordinary

SWAP

Opening Short

30,000

22.2146 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:

03 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213