Form 8.5 (EPT/RI) - SMITH DS

Released : Apr 22, 2024

RNS Number : 5271L
GoldmanSachs International
22 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:

(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:

Advisor to SMITH (DS) PLC

(d) Date dealing undertaken:

19 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 the offer?

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

YES - disclosed previously for INTERNATIONAL PAPER COMPANY & 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

12,605,894
400,000

3.9760 GBP
4.4587 USD

3.4020 GBP
4.4587 USD

10p ordinary

Sales

9,152,972

3.9780 GBP

3.4170 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

Reducing a short position

183,892

3.4888 GBP

10p ordinary

CFD

Reducing a short position

257,686

3.4888 GBP

10p ordinary

CFD

Reducing a short position

20,524

3.4926 GBP

10p ordinary

CFD

Reducing a short position

18,747

3.4926 GBP

10p ordinary

CFD

Increasing a long position

16,814

3.4960 GBP

10p ordinary

CFD

Increasing a long position

2,452

3.4963 GBP

10p ordinary

CFD

Increasing a long position

3,582

3.4969 GBP

10p ordinary

CFD

Increasing a long position

11,138

3.4972 GBP

10p ordinary

CFD

Increasing a long position

581

3.5078 GBP

10p ordinary

CFD

Increasing a long position

4,025

3.5085 GBP

10p ordinary

CFD

Increasing a long position

82,458

3.5122 GBP

10p ordinary

CFD

Increasing a long position

12,015

3.5122 GBP

10p ordinary

CFD

Increasing a long position

17,760

3.5137 GBP

10p ordinary

CFD

Increasing a long position

50,067

3.5150 GBP

10p ordinary

CFD

Increasing a long position

985

3.5178 GBP

10p ordinary

CFD

Increasing a long position

32,850

3.5204 GBP

10p ordinary

CFD

Increasing a long position

6,799

3.5210 GBP

10p ordinary

CFD

Increasing a long position

26,469

3.5212 GBP

10p ordinary

CFD

Increasing a long position

3,456

3.5217 GBP

10p ordinary

CFD

Increasing a long position

10,104

3.5218 GBP

10p ordinary

CFD

Increasing a long position

5,640

3.5224 GBP

10p ordinary

CFD

Increasing a long position

31,581

3.5226 GBP

10p ordinary

CFD

Increasing a long position

17,537

3.5231 GBP

10p ordinary

CFD

Increasing a long position

3,462

3.5243 GBP

10p ordinary

CFD

Increasing a short position

500

3.5377 GBP

10p ordinary

CFD

Increasing a short position

16,000

3.5377 GBP

10p ordinary

CFD

Increasing a long position

91,076

3.5377 GBP

10p ordinary

CFD

Increasing a long position

13,411

3.5382 GBP

10p ordinary

CFD

Increasing a long position

20,178

3.5392 GBP

10p ordinary

CFD

Increasing a long position

65,059

3.5400 GBP

10p ordinary

CFD

Reducing a short position

34,909

3.5409 GBP

10p ordinary

CFD

Increasing a short position

112,502

3.5454 GBP

10p ordinary

CFD

Opening a long position

178,920

3.5487 GBP

10p ordinary

CFD

Opening a long position

25,898

3.5492 GBP

10p ordinary

CFD

Opening a long position

37,508

3.5500 GBP

10p ordinary

CFD

Opening a long position

124,121

3.5507 GBP

10p ordinary

CFD

Increasing a long position

22,127

3.5534 GBP

10p ordinary

CFD

Increasing a long position

14,122

3.5535 GBP

10p ordinary

CFD

Increasing a long position

8,139

3.5537 GBP

10p ordinary

CFD

Increasing a long position

1,720

3.5539 GBP

10p ordinary

CFD

Increasing a long position

12,030

3.5541 GBP

10p ordinary

CFD

Increasing a long position

4,879

3.5543 GBP

10p ordinary

CFD

Increasing a long position

38,113

3.5544 GBP

10p ordinary

CFD

Increasing a long position

15,502

3.5549 GBP

10p ordinary

CFD

Increasing a long position

949

3.5635 GBP

10p ordinary

CFD

Increasing a long position

486

3.5636 GBP

10p ordinary

CFD

Increasing a long position

2,227

3.5637 GBP

10p ordinary

CFD

Increasing a long position

139

3.5638 GBP

10p ordinary

CFD

Reducing a short position

1,264

3.5663 GBP

10p ordinary

CFD

Increasing a short position

87,498

3.5691 GBP

10p ordinary

CFD

Reducing a short position

484,100

3.5818 GBP

10p ordinary

CFD

Reducing a short position

495,200

3.5818 GBP

10p ordinary

CFD

Increasing a long position

761

3.5850 GBP

10p ordinary

CFD

Increasing a short position

200,000

3.5857 GBP

10p ordinary

CFD

Reducing a short position

63,664

3.5858 GBP

10p ordinary

CFD

Increasing a short position

201,664

3.5860 GBP

10p ordinary

CFD

Reducing a long position

8,623

3.5863 GBP

10p ordinary

CFD

Reducing a short position

148,372

3.5870 GBP

10p ordinary

CFD

Reducing a short position

7,174

3.5870 GBP

10p ordinary

CFD

Reducing a short position

37,310

3.5870 GBP

10p ordinary

CFD

Reducing a short position

47,549

3.5875 GBP

10p ordinary

CFD

Increasing a long position

5

3.5897 GBP

10p ordinary

CFD

Increasing a long position

43

3.5897 GBP

10p ordinary

CFD

Increasing a long position

681

3.5897 GBP

10p ordinary

CFD

Increasing a long position

106

3.5897 GBP

10p ordinary

CFD

Increasing a short position

34,549

3.5900 GBP

10p ordinary

CFD

Reducing a long position

30,188

3.5908 GBP

10p ordinary

CFD

Reducing a long position

30,746

3.5923 GBP

10p ordinary

CFD

Reducing a short position

717

3.5993 GBP

10p ordinary

CFD

Increasing a short position

10,200

3.7574 GBP

10p ordinary

CFD

Opening a short position

6,433

3.8837 GBP

10p ordinary

CFD

Opening a short position

4,079

3.8837 GBP

10p ordinary

CFD

Opening a short position

400,000

4.4587 USD

 

 

 

(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:

22 April 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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