Form 8.5 (EPT/NON-RI) - International Dist Svs plc

Barclays PLC
14 June 2024
 

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 DISTRIBUTION SERVICES PLC

(c)

Name of the party to the offer with which exempt

 principal trader is connected

INTERNATIONAL DISTRIBUTION SERVICES PLC

(d)

Date position held/dealing undertaken:

13 Jun 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:

13,753,340

1.44%

4,764,346

0.50%

(2) Cash-settled derivatives:

2,417,274

0.25%

13,498,642

1.41%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

16,170,614

1.69%

18,262,988

1.91%

 








(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

1770911

3.3219  GBP

3.2715  GBP

1p ordinary

Sale

1675786

3.3200  GBP

3.2510  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

Decreasing Long

645

3.3020  GBP

1p ordinary

SWAP

Decreasing Long

1,165

3.3049  GBP

1p ordinary

SWAP

Decreasing Long

1,857

3.3063  GBP

1p ordinary

SWAP

Decreasing Long

23,919

3.2993  GBP

1p ordinary

SWAP

Decreasing Long

28,157

3.2960  GBP

1p ordinary

SWAP

Decreasing Short

537

3.3036  GBP

1p ordinary

SWAP

Decreasing Short

636

3.3025  GBP

1p ordinary

SWAP

Decreasing Short

1,189

3.2989  GBP

1p ordinary

SWAP

Decreasing Short

1,286

3.2957  GBP

1p ordinary

SWAP

Decreasing Short

1,330

3.3087  GBP

1p ordinary

CFD

Decreasing Short

2,432

3.3160  GBP

1p ordinary

CFD

Decreasing Short

2,890

3.3163  GBP

1p ordinary

SWAP

Decreasing Short

3,607

3.3038  GBP

1p ordinary

SWAP

Decreasing Short

4,083

3.3019  GBP

1p ordinary

SWAP

Decreasing Short

8,745

3.2959  GBP

1p ordinary

CFD

Decreasing Short

10,351

3.3174  GBP

1p ordinary

SWAP

Decreasing Short

11,914

3.3108  GBP

1p ordinary

SWAP

Decreasing Short

15,467

3.2931  GBP

1p ordinary

SWAP

Decreasing Short

15,950

3.2898  GBP

1p ordinary

SWAP

Decreasing Short

30,865

3.2921  GBP

1p ordinary

SWAP

Decreasing Short

36,724

3.3054  GBP

1p ordinary

CFD

Decreasing Short

58,974

3.2959  GBP

1p ordinary

CFD

Decreasing Short

185,755

3.2960  GBP

1p ordinary

SWAP

Increasing Long

2,044

3.3096  GBP

1p ordinary

SWAP

Increasing Long

4,289

3.3006  GBP

1p ordinary

SWAP

Increasing Long

9,365

3.3029  GBP

1p ordinary

SWAP

Increasing Long

20,757

3.3094  GBP

1p ordinary

SWAP

Increasing Long

60,354

3.3183  GBP

1p ordinary

SWAP

Increasing Long

470,000

3.2992  GBP

1p ordinary

CFD

Increasing Short

1

3.3000  GBP

1p ordinary

SWAP

Increasing Short

774

3.3160  GBP

1p ordinary

SWAP

Increasing Short

963

3.3219  GBP

1p ordinary

CFD

Increasing Short

1,368

3.3102  GBP

1p ordinary

SWAP

Increasing Short

3,897

3.2902  GBP

1p ordinary

SWAP

Increasing Short

4,981

3.2850  GBP

1p ordinary

SWAP

Increasing Short

5,094

3.2962  GBP

1p ordinary

SWAP

Increasing Short

8,989

3.2878  GBP

1p ordinary

SWAP

Increasing Short

12,942

3.3025  GBP

1p ordinary

SWAP

Increasing Short

16,386

3.2958  GBP

1p ordinary

SWAP

Increasing Short

38,822

3.2848  GBP

1p ordinary

SWAP

Increasing Short

86,649

3.2990  GBP

1p ordinary

SWAP

Increasing Short

125,025

3.2975  GBP

1p ordinary

SWAP

Increasing Short

144,033

3.2960  GBP

1p ordinary

SWAP

Increasing Short

188,200

3.2997  GBP

1p ordinary

CFD

Increasing Short

244,728

3.2960  GBP

1p ordinary

SWAP

Increasing Short

407,986

3.3005  GBP

1p ordinary

SWAP

Opening Long

7,000

3.2748  GBP

1p ordinary

SWAP

Opening Long

27,500

3.2743  GBP

1p ordinary

SWAP

Opening Long

37,800

3.2572  GBP

1p ordinary

SWAP

Opening Long

43,700

3.2849  GBP

1p ordinary

SWAP

Opening Long

57,550

3.2977  GBP

1p ordinary

SWAP

Opening Long

104,700

3.2726  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:

14 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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