Form 8.3 -International Distributions Services plc

Equiniti Share Plan Trustees Ltd
16 May 2024
 

FORM 8.3

 

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

(a) Full name of discloser:

Equiniti Share Plan Trustees Limited

 

(b) Owner or controller of interests and short positions disclosed, if different from 1(a):

     The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.

Trustee: Equiniti Share Plan Trustees Limited

 

Beneficiaries: IDS employee beneficiaries of Royal Mail Share Incentive Plan

 

Settlor: International Distributions Services plc

 

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

     Use a separate form for each offeror/offeree

International Distributions Services plc

(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:


(e) Date position held/dealing undertaken:

     For an opening position disclosure, state the latest practicable date prior to the disclosure

 

15th May 2024

(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

     If it is a cash offer or possible cash offer, state "N/A"

 

N/A

 

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

 

(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:

 

Ordinary shares of 1p each

 

 

Interests

Short positions

 

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

54,033,981*

5.64%



(2) Cash-settled derivatives:

 





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





 

     TOTAL:

54,033,981*

5.64%



 

*The change in the holding of 15,813 shares since the last disclosure on 15th May 2024 is due to the transfer out of a discretionary holding. 

 

 

All interests and all short positions should be disclosed.

 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

 

(b)        Rights to subscribe for new securities (including directors' and other employee 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 PERSON MAKING THE DISCLOSURE

 

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

 

The currency of all prices and other monetary amounts should be stated.

 

 

(a)        Purchases and sales

 

Class of relevant security

Purchase/sale

 

Number of securities

Price per unit

Ordinary 1p shares

Sale

913

£2.8009

Ordinary 1p shares

Sale

184

£3.1728

Ordinary 1p shares

Sale

336

£3.1733

Ordinary 1p shares

Sale

309

£3.1687

Ordinary 1p shares

Sale

125

£3.1687

Ordinary 1p shares

Sale

543

£3.2507

Ordinary 1p shares

Sale

352

£3.1752

Ordinary 1p shares

Sale

81

£3.2587

Ordinary 1p shares

Sale

308

£3.1587

Ordinary 1p shares

Sale

750

£3.1659

Ordinary 1p shares

Sale

663

£3.1987

Ordinary 1p shares

Sale

133

£3.1708

Ordinary 1p shares

Sale

487

£3.1644

Ordinary 1p shares

Sale

380

£2.7389

Ordinary 1p shares

Sale

293

£3.1753

Ordinary 1p shares

Sale

1,207

£3.1692

Ordinary 1p shares

Sale

2,420

£3.1604

Ordinary 1p shares

Sale

700

£3.1334

Ordinary 1p shares

Sale

300

£3.2528

Ordinary 1p shares

Sale

1,422

£3.1987

Ordinary 1p shares

Sale

375

£3.2698

Ordinary 1p shares

Sale

590

£2.7209

Ordinary 1p shares

Sale

375

£3.2007

Ordinary 1p shares

Sale

913

£3.2247

Ordinary 1p shares

Sale

325

£3.1867

Ordinary 1p shares

Sale

1,000

£3.2643

Ordinary 1p shares

Sale

235

£3.1727

Ordinary 1p shares

Sale

913

£3.2487

Ordinary 1p shares

Sale

130

£3.1487

Ordinary 1p shares

Sale

217

£2.7849

Ordinary 1p shares

Sale

597

£2.7929

Ordinary 1p shares

Sale

44

£3.1687

Ordinary 1p shares

Sale

54

£2.7909

Ordinary 1p shares

Sale

41

£3.1639

Ordinary 1p shares

Sale

100

£3.2527

Ordinary 1p shares

Sale

145

£3.1686

Ordinary 1p shares

Sale

2,698

£3.1720

Ordinary 1p shares

Sale

166

£3.2287

Ordinary 1p shares

Sale

73

£3.1734

Ordinary 1p shares

Sale

861

£2.7269

Ordinary 1p shares

Sale

482

£3.2567

Ordinary 1p shares

Sale

2,001

£2.7449

Ordinary 1p shares

Sale

242

£3.1947

Ordinary 1p shares

Sale

590

£3.2007

Ordinary 1p shares

Sale

1,354

£3.2487

Ordinary 1p shares

Sale

299

£3.2507

Ordinary 1p shares

Sale

217

£3.2087

Ordinary 1p shares

Sale

81

£3.1916

Ordinary 1p shares

Sale

1,000

£3.1599

Ordinary 1p shares

Sale

180

£3.1711

Ordinary 1p shares

Sale

617

£3.1664

Ordinary 1p shares

Sale

235

£3.1728

Ordinary 1p shares

Sale

375

£3.2347

Ordinary 1p shares

Sale

81

£3.1687

Ordinary 1p shares

Sale

2,426

£3.1566

Ordinary 1p shares

Sale

511

£3.1933

Ordinary 1p shares

Sale

913

£3.1547

Ordinary 1p shares

Sale

1,890

£3.2547

Ordinary 1p shares

Sale

900

£3.2487

Ordinary 1p shares

Sale

312

£3.1896

Ordinary 1p shares

Sale

913

£3.2327

Ordinary 1p shares

Sale

81

£3.1927

Ordinary 1p shares

Sale

1,354

£3.2087

Ordinary 1p shares

Sale

913

£3.1699

Ordinary 1p shares

Sale

22

£3.1967

Ordinary 1p shares

Sale

100

£3.1320

Ordinary 1p shares

Sale

1,760

£3.1767

Ordinary 1p shares

Sale

177

£3.2587

Ordinary 1p shares

Sale

375

£3.2647

Ordinary 1p shares

Sale

463

£3.1687

Ordinary 1p shares

Sale

913

£3.1947

Ordinary 1p shares

Sale

81

£3.2687

Ordinary 1p shares

Sale

1,913

£2.7409

Ordinary 1p shares

Sale

107

£3.1967

Ordinary 1p shares

Sale

90

£3.1734

Ordinary 1p shares

Sale

696

£3.1727

Ordinary 1p shares

Sale

154

£3.1927

Ordinary 1p shares

Sale

278

£3.1967

Ordinary 1p shares

Sale

128

£3.1692

Ordinary 1p shares

Sale

913

£3.1813

Ordinary 1p shares

Sale

375

£3.2327

Ordinary 1p shares

Sale

913

£3.1827

Ordinary 1p shares

Sale

312

£3.2067

Ordinary 1p shares

Sale

1,021

£3.1987

Ordinary 1p shares

Sale

913

£2.7869

Ordinary 1p shares

Sale

1,226

£3.2287

Ordinary 1p shares

Sale

1,291

£3.1360

Ordinary 1p shares

Sale

859

£3.2027

Ordinary 1p shares

Sale

17

£2.7849

Ordinary 1p shares

Sale

352

£2.7489

Ordinary 1p shares

Sale

76

£3.1740

Ordinary 1p shares

Sale

785

£3.1684

Ordinary 1p shares

Sale

1,026

£3.2507

Ordinary 1p shares

Sale

178

£3.2047

Ordinary 1p shares

Sale

227

£3.2027

Ordinary 1p shares

Sale

71

£3.1987

Ordinary 1p shares

Sale

57

£3.2627

Ordinary 1p shares

Sale

66

£3.1741

Ordinary 1p shares

Sale

54

£3.1732

Ordinary 1p shares

Sale

216

£3.2730

Ordinary 1p shares

Sale

600

£2.7849

Ordinary 1p shares

Sale

100

£3.1847

Ordinary 1p shares

Sale

310

£3.2683

Ordinary 1p shares

Sale

1,395

£3.2107

Ordinary 1p shares

Sale

200

£2.7449

Ordinary 1p shares

Sale

319

£3.1907

Ordinary 1p shares

Sale

195

£3.1676

Ordinary 1p shares

Sale

299

£3.1740

Ordinary 1p shares

Sale

1,448

£3.1704

Ordinary 1p shares

Sale

659

£3.1670

Ordinary 1p shares

Sale

1,542

£3.1693

Ordinary 1p shares

Sale

100

£3.1604

Ordinary 1p shares

Sale

1,483

£3.1740

Ordinary 1p shares

Sale

45

£3.1753

Ordinary 1p shares

Sale

1,072

£3.2507

Ordinary 1p shares

Sale

840

£3.2557

Ordinary 1p shares

Sale

1,240

£3.1188

Ordinary 1p shares

Sale

590

£3.2557

Ordinary 1p shares

Sale

4,888

£2.782050

Ordinary 1p shares

Purchase

347,944

£2.934115

 

(b)        Cash-settled derivative transactions

 

Class of relevant security

Product description

e.g. CFD

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit


 

 




 

(c)        Stock-settled derivative transactions (including options)

 

(i)         Writing, selling, purchasing or varying

 

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit









 

(ii)        Exercise

 

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

 

 

 

 

 

 

 

(d)        Other dealings (including subscribing for new securities)

 

Class of relevant security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)

 

 

 

 

 

 

 

4.         OTHER INFORMATION

 

(a)        Indemnity and other dealing 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 person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state "none"

 

None

 

 

(b)        Agreements, arrangements or understandings relating to options or derivatives

 

Details of any agreement, arrangement or understanding, formal or informal, between the person 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 or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

 

None

 

 

(c)        Attachments

 

Is a Supplemental Form 8 (Open Positions) attached?

NO

 

 

Date of disclosure:

16th May 2024

Contact name:

Wendy Butcher

Telephone number*:

07834 946627

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

 

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

 

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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