Form 8.5 (EPT/RI)

Released : Apr 04, 2024

RNS Number : 3298J
Citigroup Global Markets Limited
04 April 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:

Citigroup Global Markets Limited

(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:

03 April 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 this offer?

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

Mondi plc & International Paper Company

 

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

Sale

1,487,669

GBP 4.0260

GBP 3.9500

10p ordinary

Purchase

641,067

GBP 4.0264

GBP 3.9619

 

(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

TRS

Reducing Short Position

67,161

GBP 4.0260

10p ordinary

TRS

Reducing Short Position

149

GBP 4.0260

10p ordinary

TRS

Increasing Short Position

88

GBP 3.9619

10p ordinary

TRS

Increasing Short Position

12,167

GBP 3.9755

10p ordinary

TRS

Increasing Short Position

5,424

GBP 3.9764

10p ordinary

TRS

Increasing Short Position

30,319

GBP 3.9796

10p ordinary

TRS

Increasing Short Position

78,943

GBP 3.9808

10p ordinary

TRS

Increasing Short Position

27,764

GBP 3.9903

10p ordinary

TRS

Increasing Short Position

10,050

GBP 3.9913

10p ordinary

TRS

Increasing Short Position

58,191

GBP 3.9953

10p ordinary

TRS

Increasing Short Position

21,848

GBP 3.9967

10p ordinary

TRS

Increasing Short Position

4,367

GBP 4.0083

10p ordinary

TRS

Increasing Short Position

12,096

GBP 4.0215

10p ordinary

TRS

Increasing Short Position

267

GBP 4.0261

10p ordinary

TRS

Increasing Short Position

59,134

GBP 4.0263

10p ordinary

TRS

Increasing Short Position

1,454

GBP 4.0264

10p ordinary

TRS

Reducing Short Position

149

GBP 3.9596

10p ordinary

TRS

Reducing Short Position

2,292

GBP 3.9613

10p ordinary

TRS

Reducing Short Position

1,429

GBP 3.9617

10p ordinary

TRS

Reducing Short Position

753

GBP 3.9633

10p ordinary

TRS

Reducing Short Position

201

GBP 3.9675

10p ordinary

TRS

Reducing Short Position

815

GBP 3.9676

10p ordinary

TRS

Reducing Short Position

11,236

GBP 3.9730

10p ordinary

TRS

Reducing Short Position

9,405

GBP 3.9788

10p ordinary

TRS

Reducing Short Position

179

GBP 4.0006

10p ordinary

TRS

Reducing Short Position

54

GBP 4.0020

10p ordinary

TRS

Reducing Short Position

98,453

GBP 4.0198

10p ordinary

TRS

Increasing Short Position

222,665

GBP 4.0260

10p ordinary

TRS

Reducing Short Position

10,305

GBP 3.9692

10p ordinary

TRS

Reducing Short Position

28,189

GBP 3.9696

10p ordinary

TRS

Reducing Short Position

3,580

GBP 3.9740

10p ordinary

TRS

Reducing Short Position

200

GBP 3.9758

10p ordinary

TRS

Reducing Short Position

99,344

GBP 3.9841

10p ordinary

TRS

Reducing Short Position

246,369

GBP 4.0045

10p ordinary

TRS

Reducing Short Position

126,344

GBP 4.0177

10p ordinary

TRS

Reducing Short Position

711,071

GBP 4.0232

10p ordinary

TRS

Increasing Short Position

8,953

GBP 3.9686

 

(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:                            

04 April 2024

Contact name:

Christopher Alexander Pollock

Telephone number:

02895 954 053

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected]. The Panels Market Surveillance Unit is available for consultation in relation to the Codes dealing disclosure requirements on +44 (0)20 7638 0129.

 

The Code can be viewed on the Panels website at www.thetakeoverpanel.org.uk.

 

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