Form 8.5 (EPT/RI)

Released : Apr 23, 2024

RNS Number : 6735L
Citigroup Global Markets Limited
23 April 2024
 

 

AVS:

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:

22 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"

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

2,636,530

GBP 4.4566

GBP 3.5440

10p ordinary

Purchase

3,912,980

GBP 3.6300

GBP 3.5480

 

(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

Increasing Short Position

462

GBP 3.5481

10p ordinary

TRS

Increasing Short Position

209,666

GBP 3.5821

10p ordinary

TRS

Increasing Short Position

264,523

GBP 3.5846

10p ordinary

TRS

Reducing Short Position

10,883

GBP 3.5588

10p ordinary

TRS

Reducing Short Position

94,015

GBP 3.5627

10p ordinary

TRS

Reducing Short Position

42,265

GBP 3.5642

10p ordinary

TRS

Increasing Short Position

4,946

GBP 3.5952

10p ordinary

TRS

Reducing Short Position

100

GBP 3.5760

10p ordinary

TRS

Increasing Short Position

356

GBP 3.5480

10p ordinary

TRS

Opening Short Position

306,911

GBP 3.5614

10p ordinary

TRS

Increasing Long Position

337,837

GBP 3.5756

10p ordinary

TRS

Increasing Short Position

750,000

GBP 3.5766

10p ordinary

TRS

Increasing Short Position

1,750,000

GBP 3.5775

10p ordinary

TRS

Increasing Short Position

6,088

GBP 3.5947

10p ordinary

TRS

Increasing Short Position

1,518

GBP 3.6188

10p ordinary

TRS

Reducing Short Position

44,446

GBP 3.5477

 

(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:                            

23 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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