Form 8.3 -International Distribution Services plc

Jefferies International Limited.

14 October 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:	Jefferies International 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.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	International Distribution 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	11th October 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:	1p ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	8,890,098	0.927	0
(2) Cash-settled derivatives:	1,545,683	0.161	10,435,781	1.088
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	10,435,781	1.088	10,435,781	1.088

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 (GBX)
1p ordinary

(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 (GBX)
1p ordinary	Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap	Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Increasing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position Reducing a short position	1,147 1,426 1,677 1,888 2,040 2,054 2,242 2,265 2,300 2,311 2,373 2,953 3,110 3,318 3,386 3,555 3,621 3,859 3,876 4,031 4,050 4,073 4,091 4,225 42,49 4,446 4,449 4,464 4,541 4,568 4,583 4,589 4,602 4,627 4,664 4,679 4,818 4,878 5,127 5,220 5,346 5,591 5,812 6,014 6,421 6,855 7,371 7,428 7,901 8,030 8,078 8,125 8,315 8,322 8,354 8,427 8,428 8,450 8,476 8,542 8,563 8,600 8,670 8,670 8,732 8,754 8,880 8,957 9,126 9,266 10,086 10,088 10,271 10,484 10,560 10,757 10,918 11,270 11,305 11,514 11,550 11,696 11,950 11,998 12,163 12,776 12,788 13,380 14,000 14,914 15,461 15,919 16,456 16,823 16,915 17,344 17,352 17,434 17,598 17,791 17,824 18,093 18,321 18,990 19,121 20,035 20,082 21,023 21,046 21,252 21,564 21,600 22,225 22,335 22,636 23,131 23,188 23,238 23,250 23,848 24,624 24,643 25,061 25,084 25,169 25,249 25,280 26,099 26,124 27,475 27,858 28,529 28,549 28,561 29,024 29,213 29,490 29,548 30,703 30,797 31,054 32,147 33,185 35,323 38,052 38,066 38,450 39,486 39,549 39,892 40,312 40,323 40,809 40,948 41,743 41,847 41,892 42,406 42,706 43,977 44,101 44,260 45,624 57,341 57,508 62,880 68,038 80,150 87,002 90,443 107,491 107,908 113,400 217,950 174,955 332,601 665,225 982,992 1,566,812	342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000 342.0000

(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:	14th October 2024
Contact name:	Robin Greenwood
Telephone number	020 7029 8595

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 [phone].

*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.

 

END