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

Released : May 24, 2024

RNS Number : 8678P
GoldmanSachs International
24 May 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:

SMITH (DS) PLC

(d) Date dealing undertaken:

23 May 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

 

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

7,349,557
581,288

3.7980 GBP
4.8098 USD

3.7620 GBP
4.7992 USD

10p ordinary

Sales

6,582,587

3.8020 GBP

3.7640 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 long position

3,657

3.7637 GBP

10p ordinary

CFD

Reducing a short position

3,871

3.7637 GBP

10p ordinary

CFD

Reducing a short position

1,787

3.7638 GBP

10p ordinary

CFD

Reducing a short position

297

3.7638 GBP

10p ordinary

CFD

Reducing a short position

1,924

3.7638 GBP

10p ordinary

CFD

Reducing a short position

1,924

3.7638 GBP

10p ordinary

CFD

Reducing a short position

1,442

3.7638 GBP

10p ordinary

CFD

Reducing a short position

962

3.7638 GBP

10p ordinary

CFD

Reducing a short position

10,680

3.7638 GBP

10p ordinary

CFD

Reducing a short position

618

3.7638 GBP

10p ordinary

CFD

Reducing a short position

5,450

3.7638 GBP

10p ordinary

CFD

Reducing a short position

1,444

3.7638 GBP

10p ordinary

CFD

Reducing a short position

7,616

3.7638 GBP

10p ordinary

CFD

Reducing a short position

12,819

3.7638 GBP

10p ordinary

CFD

Reducing a short position

27,126

3.7638 GBP

10p ordinary

CFD

Reducing a short position

2,886

3.7638 GBP

10p ordinary

CFD

Reducing a short position

264

3.7638 GBP

10p ordinary

CFD

Reducing a short position

2,244

3.7638 GBP

10p ordinary

CFD

Reducing a short position

145

3.7638 GBP

10p ordinary

CFD

Reducing a long position

2,903

3.7641 GBP

10p ordinary

CFD

Reducing a long position

4,351

3.7641 GBP

10p ordinary

CFD

Reducing a long position

3,011

3.7641 GBP

10p ordinary

CFD

Increasing a short position

2,630

3.7646 GBP

10p ordinary

CFD

Increasing a short position

82,114

3.7646 GBP

10p ordinary

CFD

Increasing a short position

719

3.7646 GBP

10p ordinary

CFD

Increasing a short position

18,508

3.7646 GBP

10p ordinary

CFD

Reducing a short position

3,874

3.7664 GBP

10p ordinary

CFD

Reducing a short position

14,478

3.7664 GBP

10p ordinary

CFD

Reducing a short position

970

3.7664 GBP

10p ordinary

CFD

Reducing a short position

38,784

3.7664 GBP

10p ordinary

CFD

Reducing a short position

1,201

3.7664 GBP

10p ordinary

CFD

Reducing a short position

374

3.7664 GBP

10p ordinary

CFD

Reducing a short position

767

3.7664 GBP

10p ordinary

CFD

Reducing a short position

11,322

3.7664 GBP

10p ordinary

CFD

Reducing a short position

32,164

3.7664 GBP

10p ordinary

CFD

Reducing a short position

5,511

3.7664 GBP

10p ordinary

CFD

Reducing a short position

38,322

3.7664 GBP

10p ordinary

CFD

Reducing a short position

15,494

3.7664 GBP

10p ordinary

CFD

Reducing a short position

2,158

3.7664 GBP

10p ordinary

CFD

Reducing a short position

134

3.7691 GBP

10p ordinary

CFD

Reducing a short position

913

3.7691 GBP

10p ordinary

CFD

Reducing a short position

791

3.7691 GBP

10p ordinary

CFD

Reducing a short position

1,204

3.7691 GBP

10p ordinary

CFD

Reducing a short position

32,519

3.7691 GBP

10p ordinary

CFD

Reducing a short position

1,924

3.7692 GBP

10p ordinary

CFD

Reducing a short position

2,886

3.7692 GBP

10p ordinary

CFD

Reducing a short position

1,788

3.7692 GBP

10p ordinary

CFD

Reducing a short position

2,406

3.7692 GBP

10p ordinary

CFD

Reducing a short position

2,601

3.7692 GBP

10p ordinary

CFD

Reducing a short position

3,501

3.7692 GBP

10p ordinary

CFD

Reducing a short position

482

3.7692 GBP

10p ordinary

CFD

Increasing a short position

6,023

3.7710 GBP

10p ordinary

CFD

Reducing a short position

394

3.7714 GBP

10p ordinary

CFD

Reducing a short position

4,200

3.7714 GBP

10p ordinary

CFD

Reducing a short position

9,438

3.7714 GBP

10p ordinary

CFD

Reducing a short position

480

3.7714 GBP

10p ordinary

CFD

Reducing a short position

16,882

3.7714 GBP

10p ordinary

CFD

Reducing a short position

990

3.7714 GBP

10p ordinary

CFD

Reducing a short position

6,720

3.7714 GBP

10p ordinary

CFD

Reducing a short position

87,673

3.7714 GBP

10p ordinary

CFD

Reducing a short position

608

3.7714 GBP

10p ordinary

CFD

Reducing a short position

2,887

3.7714 GBP

10p ordinary

CFD

Reducing a short position

1,540

3.7714 GBP

10p ordinary

CFD

Reducing a short position

80

3.7714 GBP

10p ordinary

CFD

Reducing a short position

2,400

3.7714 GBP

10p ordinary

CFD

Reducing a short position

1,018

3.7714 GBP

10p ordinary

CFD

Reducing a short position

964

3.7714 GBP

10p ordinary

CFD

Reducing a short position

1,441

3.7714 GBP

10p ordinary

CFD

Reducing a short position

186

3.7714 GBP

10p ordinary

CFD

Increasing a short position

4,399

3.7720 GBP

10p ordinary

CFD

Increasing a short position

131,306

3.7720 GBP

10p ordinary

CFD

Increasing a short position

1,534

3.7720 GBP

10p ordinary

CFD

Increasing a short position

33,523

3.7720 GBP

10p ordinary

CFD

Increasing a long position

1,424

3.7738 GBP

10p ordinary

CFD

Reducing a short position

5,155

3.7750 GBP

10p ordinary

CFD

Increasing a short position

213

3.7750 GBP

10p ordinary

CFD

Increasing a short position

5,302

3.7750 GBP

10p ordinary

CFD

Reducing a short position

360

3.7750 GBP

10p ordinary

CFD

Increasing a short position

392,852

3.7760 GBP

10p ordinary

CFD

Increasing a short position

21,081

3.7766 GBP

10p ordinary

CFD

Increasing a short position

7,670

3.7766 GBP

10p ordinary

CFD

Increasing a short position

36,132

3.7767 GBP

10p ordinary

CFD

Increasing a short position

25,000

3.7780 GBP

10p ordinary

CFD

Increasing a short position

17,899

3.7780 GBP

10p ordinary

CFD

Reducing a long position

6

3.7801 GBP

10p ordinary

CFD

Reducing a long position

4

3.7801 GBP

10p ordinary

CFD

Reducing a long position

8,566

3.7803 GBP

10p ordinary

CFD

Reducing a long position

1,707

3.7803 GBP

10p ordinary

CFD

Reducing a long position

1,182

3.7803 GBP

10p ordinary

CFD

Reducing a long position

2,149

3.7805 GBP

10p ordinary

CFD

Reducing a long position

15,429

3.7805 GBP

10p ordinary

CFD

Reducing a long position

3,105

3.7805 GBP

10p ordinary

CFD

Reducing a long position

564

3.7808 GBP

10p ordinary

CFD

Reducing a long position

112

3.7808 GBP

10p ordinary

CFD

Reducing a long position

77

3.7808 GBP

10p ordinary

CFD

Reducing a long position

2,400

3.7812 GBP

10p ordinary

CFD

Reducing a long position

479

3.7812 GBP

10p ordinary

CFD

Reducing a long position

331

3.7812 GBP

10p ordinary

CFD

Reducing a long position

65

3.7815 GBP

10p ordinary

CFD

Reducing a long position

11

3.7815 GBP

10p ordinary

CFD

Reducing a long position

8

3.7815 GBP

10p ordinary

CFD

Reducing a long position

708

3.7833 GBP

10p ordinary

CFD

Reducing a long position

142

3.7833 GBP

10p ordinary

CFD

Reducing a long position

98

3.7833 GBP

10p ordinary

CFD

Increasing a short position

72,185

3.7957 GBP

10p ordinary

CFD

Increasing a short position

176,626

3.7957 GBP

10p ordinary

CFD

Increasing a short position

28,877

3.7957 GBP

10p ordinary

CFD

Increasing a short position

30,705

3.7957 GBP

10p ordinary

CFD

Increasing a short position

26,995

3.7957 GBP

10p ordinary

CFD

Reducing a short position

12,625

3.7988 GBP

10p ordinary

CFD

Increasing a short position

43,490

4.7992 USD

10p ordinary

CFD

Opening a short position

37,798

4.8067 USD

10p ordinary

CFD

Increasing a short position

500,000

4.8098 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:

24 May 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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