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: |Jupiter Fund Management Plc |
+----------------------------------------+-------------------------------------+
|(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 Offeree in relation to | |
|whose relevant securities this form | |
|relates: | |
| Use a separate form for each |International Distributions Services |
|offeror/offeree |plc |
+----------------------------------------+-------------------------------------+
|(d) If an exempt fund manager | |
|connected with an offeror/offeree, state| |
|this and specify identity of | |
|offeror/offeree: | |
+----------------------------------------+-------------------------------------+
|(e) Date dealing undertaken: | |
| For an opening position | |
|disclosure, state the latest practicable| |
|date prior to the disclosure |12th July 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' |No |
+----------------------------------------+-------------------------------------+
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 |
+------------------------------------------+---------------------+-------------+
| | | Short |
| | Interests | positions |
| +----------------+----+------+------+
| | Number | % |Number| % |
+------------------------------------------+----------------+----+------+------+
|(1) Relevant securities owned and/or | | | | |
|controlled: | 28,203,778|2.94| | |
+------------------------------------------+----------------+----+------+------+
|(2) Cash-settled derivatives: | | | | |
+------------------------------------------+----------------+----+------+------+
|(3) Stock-settled derivatives (including| | | | |
|options) and agreements to purchase/sell: | | | | |
+------------------------------------------+----------------+----+------+------+
| TOTAL: | 28,203,778 |2.94| | |
+------------------------------------------+----------------+----+------+------+
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: |None|
+-------------------------------------------------------------------------+----+
|Details, including nature of the rights concerned and relevant | |
|percentages: |None|
+-------------------------------------------------------------------------+----+
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|
+--------------------------+-------------+--------------------+--------------+
|1p ordinary | Sale | 1,000,000 |3.300678 |
+--------------------------+-------------+--------------------+--------------+
(b) Cash-settled derivative transactions
+-------------+---------------+-----------------------+--------------+---------+
| | | Nature of dealing | | |
| | |e.g. opening/closing a | | |
| Class of | Product | long/short position, | Number of | |
| relevant | description | increasing/reducing a | reference |Price per|
| security | e.g. CFD | long/short position | securities | unit |
+-------------+---------------+-----------------------+--------------+---------+
| N/A | | | | |
+-------------+---------------+-----------------------+--------------+---------+
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
+--------+-----------+-----------+----------+--------+---------+------+--------+
| | | Writing, |Number of | | Type | | Option |
| | Product |purchasing,|securities| | e.g. | | money |
|Class of|description| selling, | to which |Exercise|American,| | paid/ |
|relevant| e.g. call | varying | option | price |European |Expiry|received|
|security| option | etc. | relates |per unit| etc. | date |per unit|
+--------+-----------+-----------+----------+--------+---------+------+--------+
|NONE | | | | | | | |
+--------+-----------+-----------+----------+--------+---------+------+--------+
(ii) Exercise
+--------------+----------------+----------------+---------------+-------------+
| Class of | Product | Exercising/ | | Exercise |
| relevant | description | exercised | Number of | price per |
| security |e.g. call option| against | securities | unit |
+--------------+----------------+----------------+---------------+-------------+
|NONE | | | | |
+--------------+----------------+----------------+---------------+-------------+
(d) Other dealings (including subscribing for new securities)
+--------------------+-------------------------+-------+-----------------------+
| | Nature of dealing | | |
| Class of relevant | e.g. subscription, | | Price per unit (if |
| security | conversion |Details| applicable) |
+--------------------+-------------------------+-------+-----------------------+
|None | | | |
+--------------------+-------------------------+-------+-----------------------+
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: | 15th July 2024 |
+---------------------+----------------+
| Contact name: | Claire Rodway |
+---------------------+----------------+
| Telephone number: | 0203 817 1441 |
+---------------------+----------------+
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.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk
(http://www.thetakeoverpanel.org.uk).
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