Form 8.5 (EPT/RI) - SMITH DS

Released : Mar 08, 2024

RNS Number : 1815G
GoldmanSachs International
08 March 2024
 

 

FORM 8.5 (EPT/RI)

 

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

(a) Name of exempt principal trader:

(GS) GOLDMAN SACHS INTERNATIONAL

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

     Use a separate form for each offeror/offeree

SMITH (DS) PLC

(c) Name of the party to the offer with which exempt principal trader is connected:

SMITH (DS) PLC

(d) Date dealing undertaken:

07 March 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?

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

YES - disclosed previously for MONDI PLC

 

2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER

 

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(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

Purchases/ sales

 

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

10p ordinary

Purchases

5,155,662

3.2990 GBP

3.1430 GBP

10p ordinary

Sales

3,850,482

3.2935 GBP

3.1290 GBP

 

 

 

(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

10p ordinary

CFD

Increasing a long position

1,441

3.1619 GBP

10p ordinary

CFD

Increasing a long position

9,274

3.1619 GBP

10p ordinary

CFD

Reducing a short position

515

3.1625 GBP

10p ordinary

CFD

Reducing a short position

4,592

3.1625 GBP

10p ordinary

CFD

Reducing a short position

1,556

3.1625 GBP

10p ordinary

CFD

Reducing a short position

16,309

3.1625 GBP

10p ordinary

CFD

Reducing a short position

197

3.1625 GBP

10p ordinary

CFD

Reducing a short position

1,053

3.1660 GBP

10p ordinary

CFD

Reducing a short position

125

3.1660 GBP

10p ordinary

CFD

Reducing a short position

1,259

3.1660 GBP

10p ordinary

CFD

Reducing a short position

91

3.1804 GBP

10p ordinary

CFD

Reducing a short position

998

3.1804 GBP

10p ordinary

CFD

Reducing a short position

325

3.1804 GBP

10p ordinary

CFD

Reducing a short position

3,208

3.1804 GBP

10p ordinary

CFD

Reducing a short position

39

3.1804 GBP

10p ordinary

CFD

Opening a short position

300,000

3.1852 GBP

10p ordinary

CFD

Opening a short position

197,105

3.1852 GBP

10p ordinary

CFD

Increasing a long position

5,249

3.2287 GBP

10p ordinary

CFD

Opening a long position

6,798

3.2467 GBP

10p ordinary

CFD

Increasing a long position

8,154

3.2487 GBP

10p ordinary

CFD

Increasing a long position

52,464

3.2487 GBP

10p ordinary

CFD

Opening a long position

10,085

3.2498 GBP

10p ordinary

CFD

Reducing a short position

23,990

3.2503 GBP

10p ordinary

CFD

Increasing a short position

477,821

3.2513 GBP

10p ordinary

CFD

Reducing a short position

3,970

3.2516 GBP

10p ordinary

CFD

Reducing a short position

10,902

3.2516 GBP

10p ordinary

CFD

Increasing a long position

1,991

3.2517 GBP

10p ordinary

CFD

Increasing a short position

23,911

3.2520 GBP

10p ordinary

CFD

Increasing a short position

16,678

3.2520 GBP

10p ordinary

CFD

Increasing a short position

75,804

3.2520 GBP

10p ordinary

CFD

Reducing a long position

4,748

3.2520 GBP

10p ordinary

CFD

Reducing a long position

6,824

3.2520 GBP

10p ordinary

CFD

Reducing a long position

8,741

3.2523 GBP

10p ordinary

CFD

Reducing a short position

2,723

3.2534 GBP

10p ordinary

CFD

Reducing a short position

8,902

3.2536 GBP

10p ordinary

CFD

Reducing a short position

1,054

3.2536 GBP

10p ordinary

CFD

Reducing a short position

10,634

3.2536 GBP

10p ordinary

CFD

Reducing a short position

3,079

3.2537 GBP

10p ordinary

CFD

Reducing a short position

27,473

3.2537 GBP

10p ordinary

CFD

Reducing a short position

9,310

3.2537 GBP

10p ordinary

CFD

Reducing a short position

97,584

3.2537 GBP

10p ordinary

CFD

Reducing a short position

1,182

3.2537 GBP

10p ordinary

CFD

Reducing a long position

24,555

3.2541 GBP

10p ordinary

CFD

Reducing a short position

783

3.2549 GBP

10p ordinary

CFD

Reducing a short position

8,545

3.2549 GBP

10p ordinary

CFD

Reducing a short position

2,785

3.2549 GBP

10p ordinary

CFD

Reducing a short position

27,468

3.2549 GBP

10p ordinary

CFD

Reducing a short position

336

3.2549 GBP

10p ordinary

CFD

Reducing a short position

1,526

3.2629 GBP

10p ordinary

CFD

Reducing a short position

555

3.2629 GBP

10p ordinary

CFD

Increasing a short position

5,006

3.2654 GBP

10p ordinary

CFD

Opening a short position

497,104

3.2677 GBP

10p ordinary

CFD

Opening a short position

68,006

3.2679 GBP

10p ordinary

CFD

Reducing a short position

99,000

3.2686 GBP

10p ordinary

CFD

Reducing a short position

1,000

3.2686 GBP

10p ordinary

CFD

Opening a long position

6,824

3.2718 GBP

 

 

 

(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)


 

 



 

 

3.         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 exempt principal trader 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 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 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

 

 

 

Date of disclosure:

08 March 2024
Contact name:

Papa Lette and Andrzej Szyszka
Telephone number:

+33(1) 4212 1459 / +48(22) 317 4817

 

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.

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