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 15^th 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 [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