Form 8.5 (EPT/RI)

Released : Apr 30, 2024

RNS Number : 5698M
Citigroup Global Markets Limited
30 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:

29 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

993,641

GBP 4.4121

GBP 3.3900

10p ordinary

Purchase

2,392,336

GBP 3.5160

GBP 3.4023

 

(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

648

GBP 3.4023

10p ordinary

TRS

Increasing Short Position

100,000

GBP 3.4084

10p ordinary

TRS

Increasing Short Position

124,256

GBP 3.4104

10p ordinary

TRS

Increasing Short Position

11,840

GBP 3.4202

10p ordinary

TRS

Increasing Short Position

204

GBP 3.4980

10p ordinary

TRS

Increasing Short Position

373,732

GBP 3.5160

10p ordinary

TRS

Reducing Short Position

80

GBP 3.4356

10p ordinary

TRS

Reducing Short Position

111,378

GBP 3.4406

10p ordinary

TRS

Reducing Short Position

62,075

GBP 3.4809

10p ordinary

TRS

Reducing Short Position

50,000

GBP 3.4920

10p ordinary

TRS

Reducing Short Position

95,123

GBP 3.4936

10p ordinary

TRS

Reducing Short Position

209,028

GBP 3.4965

10p ordinary

TRS

Reducing Short Position

27,089

GBP 3.5025

10p ordinary

TRS

Reducing Short Position

69,952

GBP 3.5046

10p ordinary

TRS

Increasing Long Position

115

GBP 3.4720

10p ordinary

TRS

Increasing Long Position

206

GBP 3.4960

10p ordinary

TRS

Increasing Long Position

95

GBP 3.5040

10p ordinary

TRS

Increasing Long Position

31

GBP 3.5060

10p ordinary

TRS

Increasing Long Position

196

GBP 3.5080

10p ordinary

TRS

Increasing Long Position

575

GBP 3.5160

10p ordinary

TRS

Increasing Long Position

95

GBP 3.5180

10p ordinary

TRS

Reducing Long Position

257,677

GBP 3.4099

10p ordinary

TRS

Reducing Long Position

211,807

GBP 3.4228

10p ordinary

TRS

Reducing Long Position

533,181

GBP 3.5060

10p ordinary

TRS

Increasing Short Position

500,000

GBP 3.5049

10p ordinary

TRS

Increasing Short Position

237,421

GBP 3.5076

 

(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:                            

30 April 2024

Contact name:

Craig Watson

Telephone number:

02890 409 605

 

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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
FERZZGFDNGGGDZG