| 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 |
| INTERNATIONAL DISTRIBUTION SERVICES PLC | ||||
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| relevant securities this form relates: |
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| (c) | Name of the party to the offer with which exempt | INTERNATIONAL DISTRIBUTIONS SERVICES PLC | |||||
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| principal trader is connected |
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| (d) | Date position held/dealing undertaken: |
| 22 Nov 2024 | ||||
| (e) | In addition to the company in 1(b) above, is the exempt principal | NO |
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| trader making disclosures in respect of any other party to the offer? |
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| 2. | POSITIONS OF THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Interests and short positions in the relevant securities of the offeror or offeree |
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| to which the disclosure relates following the dealing (if any) |
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| Class of relevant security: | 1p ordinary | ||||||
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| Interests | Short Positions | |||||
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| Number | (%) | Number | (%) | |||
| (1) | Relevant securities owned |
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| and/or controlled: |
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| 26,316,584 | 2.75% | 646,769 | 0.07% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 463,355 | 0.05% | 25,170,132 | 2.63% |
| (3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 0 | 0.00% |
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| TOTAL: |
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| 26,779,939 | 2.79% | 25,816,901 | 2.69% |
| (b) | Rights to subscribe for new securities (including directors and other executive |
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| options) |
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| Class of relevant security in relation to |
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| which subscription right exists |
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| Details, including nature of the rights |
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| concerned and relevant percentages: |
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| 3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Purchases and sales |
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| Class of relevant | Purchase/sale | Total number of | Highest price per unit | Lowest price per unit | |||
| security |
| securities | paid/received | paid/received | |||
| 1p ordinary | Purchase | 2,229,841 | 3.4920 GBP | 3.4651 GBP | |||
| 1p ordinary | Sale | 320,984 | 3.4810 GBP | 3.4648 GBP | |||
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| (b) | Cash-settled derivative transactions |
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| Class of | Product | Nature of dealing | Number of | Price per | |||
| relevant | description |
| reference | unit | |||
| security |
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| securities |
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| 1p ordinary | SWAP | Decreasing Short | 235 | 3.4657 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 4,386 | 3.4661 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 7,377 | 3.4678 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 1,997 | 3.4686 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 3,903 | 3.4694 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 100 | 3.4719 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 973 | 3.4720 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 6,238 | 3.4725 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 24,395 | 3.4745 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 8,709 | 3.4763 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 67,617 | 3.4766 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 2,900 | 3.4788 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 96,605 | 3.4797 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 850 | 3.4799 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 1,186 | 3.4669 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 1,000,000 | 3.4672 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 250,000 | 3.4674 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 4,642 | 3.4692 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 8,445 | 3.4696 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 36,418 | 3.4706 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 500,000 | 3.4707 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 250,000 | 3.4710 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 16,985 | 3.4726 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 69,473 | 3.4727 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 1,359 | 3.4781 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 24,543 | 3.4796 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 5,143 | 3.4800 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 17,035 | 3.4811 GBP | |||
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| (c) | Stock-settled derivative transactions (including options) |
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| (i) | Writing, selling, purchasing or varying |
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| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
| of | description | purchasing, | of | price |
| date | money |
| relevant |
| selling, | securities | per unit |
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| paid/ |
| security |
| varying etc | to which |
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| received |
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| option |
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| per unit |
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| relates |
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| (ii) | Exercising |
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| Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
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| (d) | Other dealings (including subscribing for new securities) |
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| Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
| security |
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| applicable) | ||||
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| 4. | OTHER INFORMATION | ||||||
| (a) | Indemnity and other dealings arrangements |
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| Details of any indemnity or option arrangement, or any agreement or understanding, |
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| formal or informal, relating to relevant securities which may be an inducement to deal |
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| or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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| to the offer or any person acting in concert with a party to the offer: |
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| NONE | |||||||
| (b) | Agreements, arrangements or understandings relating to options or derivatives |
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| Details of any agreement, arrangement or understanding, formal or informal, between |
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| the exempt principal trader making the disclosure and any other person relating to: |
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| (i) the voting rights of any relevant securities under any option; or |
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| (ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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| any derivative is referenced: |
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| NONE | |||||||
| (c) | Attachments |
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| Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
| Date of disclosure: | 25 Nov 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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