Form 8.5 (EPT/RI) - Amend - SMITH(DS)

Released : Apr 26, 2024

RNS Number : 2151M
GoldmanSachs International
26 April 2024
 

Amendment - due to the amendment of Equity and Derivative transactions, the disclosure made on 18th April for dealings on 17th April has been updated. Sections 2(a) and 2(b) have been updated.

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:

17 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

4,812,488

4.0080 GBP

3.9260 GBP

10p ordinary

Sales

4,966,418

4.0050 GBP

3.9260 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

Opening a short position

4,079

3.9282 GBP

10p ordinary

CFD

Opening a short position

6,433

3.9282 GBP

10p ordinary

CFD

Reducing a short position

74,740

3.9291 GBP

10p ordinary

CFD

Reducing a short position

26,260

3.9291 GBP

10p ordinary

CFD

Increasing a short position

109

3.9504 GBP

10p ordinary

CFD

Increasing a short position

38

3.9504 GBP

10p ordinary

CFD

Increasing a short position

3,536

3.9504 GBP

10p ordinary

CFD

Increasing a short position

1,020

3.9504 GBP

10p ordinary

CFD

Increasing a short position

27

3.9536 GBP

10p ordinary

CFD

Increasing a short position

15

3.9536 GBP

10p ordinary

CFD

Increasing a short position

726

3.9536 GBP

10p ordinary

CFD

Increasing a short position

323

3.9536 GBP

10p ordinary

CFD

Increasing a short position

1,393

3.9714 GBP

10p ordinary

CFD

Increasing a short position

507

3.9714 GBP

10p ordinary

CFD

Reducing a long position

66,265

3.9720 GBP

10p ordinary

CFD

Reducing a long position

1,654

3.9723 GBP

10p ordinary

CFD

Reducing a long position

528

3.9723 GBP

10p ordinary

CFD

Reducing a short position

204,345

3.9733 GBP

10p ordinary

CFD

Opening a short position

150,000

3.9733 GBP

10p ordinary

CFD

Increasing a short position

180

3.9736 GBP

10p ordinary

CFD

Increasing a short position

102

3.9736 GBP

10p ordinary

CFD

Increasing a short position

664

3.9736 GBP

10p ordinary

CFD

Reducing a short position

150,000

3.9737 GBP

10p ordinary

CFD

Increasing a short position

219,060

3.9737 GBP

10p ordinary

CFD

Reducing a short position

279,237

3.9744 GBP

10p ordinary

CFD

Reducing a short position

129,452

3.9744 GBP

10p ordinary

CFD

Reducing a long position

128,733

3.9748 GBP

10p ordinary

CFD

Reducing a long position

19,022

3.9748 GBP

10p ordinary

CFD

Increasing a short position

5,808

3.9772 GBP

10p ordinary

CFD

Increasing a short position

1,858

3.9772 GBP

10p ordinary

CFD

Increasing a short position

213,917

3.9772 GBP

10p ordinary

CFD

Increasing a short position

57,180

3.9772 GBP

10p ordinary

CFD

Reducing a short position

464

3.9788 GBP

10p ordinary

CFD

Opening a long position

10,811

3.9792 GBP

10p ordinary

CFD

Increasing a short position

542

3.9796 GBP

10p ordinary

CFD

Increasing a short position

153

3.9796 GBP

10p ordinary

CFD

Increasing a short position

163

3.9827 GBP

10p ordinary

CFD

Increasing a short position

92

3.9827 GBP

10p ordinary

CFD

Increasing a short position

3,974

3.9827 GBP

10p ordinary

CFD

Increasing a short position

1,825

3.9827 GBP

10p ordinary

CFD

Reducing a short position

26,735

3.9843 GBP

10p ordinary

CFD

Reducing a short position

941

3.9867 GBP

10p ordinary

CFD

Reducing a short position

1,924

3.9867 GBP

10p ordinary

CFD

Reducing a short position

15,744

3.9867 GBP

10p ordinary

CFD

Reducing a short position

2,149

3.9867 GBP

10p ordinary

CFD

Reducing a short position

863

3.9867 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:

26 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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