Form 8.5 (EPT/RI) - SMITH DS

Released : Apr 23, 2024

RNS Number : 7023L
GoldmanSachs International
23 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:

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 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

4,375,726

3.6320 GBP

3.5370 GBP

10p ordinary

Sales

9,600,603
80,000
6,500,000

3.6190 GBP
4.3774 USD
4.1110 EUR

3.5340 GBP
4.3774 USD
4.1110 EUR

 

 

 

(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 long position

1,495

3.5440 GBP

10p ordinary

CFD

Reducing a short position

33,292

3.5475 GBP

10p ordinary

CFD

Increasing a long position

1,933

3.5477 GBP

10p ordinary

CFD

Reducing a long position

1,055

3.5481 GBP

10p ordinary

CFD

Reducing a long position

1,543

3.5481 GBP

10p ordinary

CFD

Reducing a long position

90,613

3.5488 GBP

10p ordinary

CFD

Reducing a long position

188

3.5488 GBP

10p ordinary

CFD

Reducing a long position

9,425

3.5488 GBP

10p ordinary

CFD

Reducing a long position

17

3.5544 GBP

10p ordinary

CFD

Reducing a long position

89

3.5544 GBP

10p ordinary

CFD

Reducing a long position

3,374

3.5552 GBP

10p ordinary

CFD

Reducing a long position

2,086

3.5552 GBP

10p ordinary

CFD

Reducing a short position

1,116,067

3.5552 GBP

10p ordinary

CFD

Reducing a long position

700

3.5579 GBP

10p ordinary

CFD

Reducing a long position

14,634

3.5579 GBP

10p ordinary

CFD

Reducing a long position

207

3.5601 GBP

10p ordinary

CFD

Reducing a long position

1,660

3.5611 GBP

10p ordinary

CFD

Reducing a long position

7,573

3.5611 GBP

10p ordinary

CFD

Reducing a long position

4,966

3.5611 GBP

10p ordinary

CFD

Reducing a long position

1,354

3.5622 GBP

10p ordinary

CFD

Reducing a long position

1,990

3.5622 GBP

10p ordinary

CFD

Reducing a long position

9,076

3.5622 GBP

10p ordinary

CFD

Reducing a long position

146

3.5694 GBP

10p ordinary

CFD

Reducing a long position

234,707

3.5704 GBP

10p ordinary

CFD

Opening a short position

384,113

3.5704 GBP

10p ordinary

CFD

Reducing a short position

46,758

3.5722 GBP

10p ordinary

CFD

Reducing a short position

40,491

3.5788 GBP

10p ordinary

CFD

Reducing a long position

4,421

3.5815 GBP

10p ordinary

CFD

Reducing a long position

42,495

3.5815 GBP

10p ordinary

CFD

Reducing a long position

89

3.5816 GBP

10p ordinary

CFD

Reducing a short position

92,350

3.5901 GBP

10p ordinary

CFD

Reducing a short position

2,806,510

3.5920 GBP

10p ordinary

CFD

Reducing a short position

67,800

3.5928 GBP

10p ordinary

CFD

Reducing a short position

30,222

3.5933 GBP

10p ordinary

CFD

Reducing a short position

1,461

3.5933 GBP

10p ordinary

CFD

Reducing a short position

7,599

3.5933 GBP

10p ordinary

CFD

Reducing a long position

45

3.5962 GBP

10p ordinary

CFD

Reducing a long position

536

3.5963 GBP

10p ordinary

CFD

Opening a short position

111,629

3.5964 GBP

10p ordinary

CFD

Reducing a long position

67

3.5966 GBP

10p ordinary

CFD

Reducing a short position

2,705

3.6013 GBP

10p ordinary

CFD

Increasing a short position

13,649

3.6135 GBP

10p ordinary

CFD

Opening a short position

164,347

3.6259 GBP

10p ordinary

CFD

Opening a long position

80,000

4.3774 USD

10p ordinary

CFD

Opening a short position

2,806,510

4.4241 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:

23 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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