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

Released : May 28, 2024

RNS Number : 9486P
GoldmanSachs International
27 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:

24 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

9,826,343
233,598

3.7390 GBP
4.7280 USD

3.6220 GBP
4.7188 USD

10p ordinary

Sales

7,637,560

3.7420 GBP

3.6239 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

Reducing a short position

239,045

3.6131 GBP

10p ordinary

CFD

Reducing a short position

128,706

3.6131 GBP

10p ordinary

CFD

Reducing a short position

132,249

3.6239 GBP

10p ordinary

CFD

Reducing a long position

74,429

3.6290 GBP

10p ordinary

CFD

Increasing a short position

2,971

3.6600 GBP

10p ordinary

CFD

Increasing a short position

76,600

3.6601 GBP

10p ordinary

CFD

Increasing a short position

55,556

3.6601 GBP

10p ordinary

CFD

Increasing a short position

466,445

3.6601 GBP

10p ordinary

CFD

Increasing a short position

78,858

3.6601 GBP

10p ordinary

CFD

Increasing a short position

72,541

3.6601 GBP

10p ordinary

CFD

Increasing a short position

46

3.6676 GBP

10p ordinary

CFD

Increasing a short position

1,309

3.6676 GBP

10p ordinary

CFD

Increasing a short position

103

3.6676 GBP

10p ordinary

CFD

Increasing a short position

3,648

3.6676 GBP

10p ordinary

CFD

Increasing a short position

949

3.6712 GBP

10p ordinary

CFD

Increasing a short position

3,058

3.6712 GBP

10p ordinary

CFD

Increasing a short position

51,067

3.6946 GBP

10p ordinary

CFD

Increasing a short position

37,037

3.6946 GBP

10p ordinary

CFD

Increasing a short position

310,963

3.6946 GBP

10p ordinary

CFD

Increasing a short position

52,572

3.6946 GBP

10p ordinary

CFD

Increasing a short position

48,361

3.6946 GBP

10p ordinary

CFD

Increasing a short position

56,306

3.6950 GBP

10p ordinary

CFD

Increasing a short position

40,837

3.6950 GBP

10p ordinary

CFD

Increasing a short position

342,868

3.6950 GBP

10p ordinary

CFD

Increasing a short position

57,966

3.6950 GBP

10p ordinary

CFD

Increasing a short position

53,323

3.6950 GBP

10p ordinary

CFD

Reducing a short position

297

3.6954 GBP

10p ordinary

CFD

Reducing a short position

956

3.6954 GBP

10p ordinary

CFD

Reducing a long position

337

3.6961 GBP

10p ordinary

CFD

Opening a short position

1,696

3.6961 GBP

10p ordinary

CFD

Reducing a long position

233

3.6961 GBP

10p ordinary

CFD

Reducing a long position

3,657

3.6963 GBP

10p ordinary

CFD

Opening a short position

3,082

3.6963 GBP

10p ordinary

CFD

Reducing a short position

497

3.7000 GBP

10p ordinary

CFD

Reducing a short position

881

3.7014 GBP

10p ordinary

CFD

Reducing a short position

2,841

3.7014 GBP

10p ordinary

CFD

Increasing a long position

677

3.7024 GBP

10p ordinary

CFD

Increasing a short position

108

3.7026 GBP

10p ordinary

CFD

Increasing a short position

2,307

3.7026 GBP

10p ordinary

CFD

Increasing a short position

243

3.7026 GBP

10p ordinary

CFD

Increasing a short position

6,099

3.7026 GBP

10p ordinary

CFD

Reducing a short position

3,043

3.7044 GBP

10p ordinary

CFD

Increasing a short position

37,798

3.7044 GBP

10p ordinary

CFD

Increasing a short position

507,209

3.7058 GBP

10p ordinary

CFD

Reducing a long position

536

3.7099 GBP

10p ordinary

CFD

Reducing a long position

371

3.7099 GBP

10p ordinary

CFD

Reducing a long position

165

3.7100 GBP

10p ordinary

CFD

Reducing a long position

115

3.7100 GBP

10p ordinary

CFD

Reducing a short position

10,955

3.7102 GBP

10p ordinary

CFD

Reducing a short position

239,045

3.7102 GBP

10p ordinary

CFD

Increasing a short position

92,791

3.7105 GBP

10p ordinary

CFD

Reducing a short position

15,000

3.7114 GBP

10p ordinary

CFD

Reducing a short position

121,294

3.7114 GBP

10p ordinary

CFD

Reducing a short position

128,706

3.7114 GBP

10p ordinary

CFD

Increasing a short position

10,463

3.7121 GBP

10p ordinary

CFD

Reducing a long position

5,400

3.7132 GBP

10p ordinary

CFD

Increasing a short position

12,520

3.7132 GBP

10p ordinary

CFD

Reducing a long position

3,739

3.7132 GBP

10p ordinary

CFD

Reducing a long position

1,287

3.7138 GBP

10p ordinary

CFD

Reducing a long position

890

3.7138 GBP

10p ordinary

CFD

Reducing a long position

6,850

3.7144 GBP

10p ordinary

CFD

Reducing a long position

1,943

3.7144 GBP

10p ordinary

CFD

Reducing a long position

2,301

3.7152 GBP

10p ordinary

CFD

Reducing a long position

1,593

3.7152 GBP

10p ordinary

CFD

Reducing a long position

414

3.7154 GBP

10p ordinary

CFD

Reducing a long position

285

3.7154 GBP

10p ordinary

CFD

Reducing a long position

154

3.7164 GBP

10p ordinary

CFD

Reducing a long position

107

3.7164 GBP

10p ordinary

CFD

Reducing a long position

215

3.7164 GBP

10p ordinary

CFD

Reducing a long position

149

3.7164 GBP

10p ordinary

CFD

Increasing a short position

61,281

3.7298 GBP

10p ordinary

CFD

Increasing a short position

44,444

3.7298 GBP

10p ordinary

CFD

Increasing a short position

373,156

3.7298 GBP

10p ordinary

CFD

Increasing a short position

63,086

3.7298 GBP

10p ordinary

CFD

Increasing a short position

58,033

3.7298 GBP

10p ordinary

CFD

Reducing a short position

11

3.7302 GBP

10p ordinary

CFD

Increasing a short position

49

3.7351 GBP

10p ordinary

CFD

Increasing a short position

159

3.7351 GBP

10p ordinary

CFD

Increasing a short position

33,598

4.7188 USD

10p ordinary

CFD

Increasing a short position

199,078

4.7280 USD

10p ordinary

CFD

Increasing a short position

922

4.7299 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:

27 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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