Form 8.5(EPT/NON-RI)-International Distribut Serv

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:

INTERNATIONAL DISTRIBUTIONS SERVICES PLC

(c)

Name of the party to the offer with which exempt principal trader is connected

INTERNATIONAL DISTRIBUTIONS SERVICES PLC

(d)

Date position held/dealing undertaken:

23 Apr 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:

11,543,341

1.20%

5,294,921

0.55%

(2) Cash-settled derivatives:

2,493,625

0.26%

10,874,946

1.13%

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

0

0.00%

0

0.00%

TOTAL: 

14,036,966

1.46%

16,169,867

1.69%

(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

Sale

1024441

2.8322 GBP

2.7820 GBP

1p ordinary

Purchase

1051568

2.8361 GBP

2.7952 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

1

2.7960 GBP

1p ordinary

SWAP

Closing Long

185

2.7820 GBP

1p ordinary

SWAP

Closing Long

573

2.8360 GBP

1p ordinary

SWAP

Closing Long

580

2.8130 GBP

1p ordinary

SWAP

Closing Long

1,052

2.8102 GBP

1p ordinary

SWAP

Closing Long

1,355

2.8240 GBP

1p ordinary

SWAP

Closing Long

2,182

2.8204 GBP

1p ordinary

SWAP

Closing Long

5,157

2.8031 GBP

1p ordinary

SWAP

Closing Long

13,046

2.8065 GBP

1p ordinary

SWAP

Closing Long

13,550

2.8220 GBP

1p ordinary

SWAP

Closing Long

20,516

2.8197 GBP

1p ordinary

SWAP

Closing Long

25,160

2.8225 GBP

1p ordinary

SWAP

Closing Long

26,553

2.8246 GBP

1p ordinary

CFD

Closing Short

4,226

2.7960 GBP

1p ordinary

CFD

Closing Short

16,518

2.7962 GBP

1p ordinary

SWAP

Decreasing Long

2,564

2.8220 GBP

1p ordinary

SWAP

Decreasing Long

2,848

2.8271 GBP

1p ordinary

SWAP

Decreasing Long

5,027

2.8194 GBP

1p ordinary

SWAP

Decreasing Long

5,523

2.8280 GBP

1p ordinary

SWAP

Decreasing Long

6,296

2.8159 GBP

1p ordinary

SWAP

Decreasing Long

13,191

2.8191 GBP

1p ordinary

SWAP

Decreasing Short

400

2.8289 GBP

1p ordinary

SWAP

Decreasing Short

872

2.8130 GBP

1p ordinary

SWAP

Decreasing Short

1,510

2.8135 GBP

1p ordinary

SWAP

Decreasing Short

74,477

2.8094 GBP

1p ordinary

SWAP

Increasing Long

148

2.7959 GBP

1p ordinary

SWAP

Increasing Long

9,630

2.8052 GBP

1p ordinary

SWAP

Increasing Long

60,860

2.8061 GBP

1p ordinary

SWAP

Increasing Short

300

2.8253 GBP

1p ordinary

SWAP

Increasing Short

1,154

2.8137 GBP

1p ordinary

SWAP

Increasing Short

1,490

2.8157 GBP

1p ordinary

SWAP

Increasing Short

4,292

2.7960 GBP

1p ordinary

SWAP

Increasing Short

5,336

2.8224 GBP

1p ordinary

SWAP

Increasing Short

8,148

2.8248 GBP

1p ordinary

CFD

Opening Long

3,443

2.7657 GBP

1p ordinary

CFD

Opening Long

14,172

2.8072 GBP

1p ordinary

CFD

Opening Long

17,700

2.8167 GBP

1p ordinary

CFD

Opening Long

18,948

2.7951 GBP

1p ordinary

CFD

Opening Long

42,487

2.7960 GBP

1p ordinary

SWAP

Opening Short

629

2.8280 GBP

1p ordinary

SWAP

Opening Short

632

2.8260 GBP

1p ordinary

SWAP

Opening Short

1,051

2.8261 GBP

1p ordinary

SWAP

Opening Short

1,425

2.8178 GBP

1p ordinary

SWAP

Opening Short

1,916

2.8184 GBP

1p ordinary

SWAP

Opening Short

101,027

2.7959 GBP

1p ordinary

SWAP

Opening Short

142,195

2.7960 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:

24 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213