Form 8.5 (EPT/RI) - SMITH DS PLC

Released : Jun 05, 2024

RNS Number : 2506R
GoldmanSachs International
05 June 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:

04 June 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

1,902,874
271,122

3.7800 GBP
4.8161 USD

3.7342 GBP
4.8128 USD

10p ordinary

Sales

11,546,566
5,545,167

3.7970 GBP
4.8424 USD

3.7250 GBP
4.8424 USD

 

 

 

(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

Increasing a short position

371

3.7276 GBP

10p ordinary

CFD

Increasing a short position

1,941

3.7277 GBP

10p ordinary

CFD

Increasing a short position

7,688

3.7277 GBP

10p ordinary

CFD

Increasing a short position

3,883

3.7330 GBP

10p ordinary

CFD

Increasing a short position

743

3.7330 GBP

10p ordinary

CFD

Increasing a short position

15,374

3.7330 GBP

10p ordinary

CFD

Reducing a short position

12,859

3.7337 GBP

10p ordinary

CFD

Opening a short position

24,912

3.7374 GBP

10p ordinary

CFD

Reducing a long position

5,241

3.7475 GBP

10p ordinary

CFD

Reducing a short position

675

3.7492 GBP

10p ordinary

CFD

Reducing a short position

5,655

3.7492 GBP

10p ordinary

CFD

Reducing a short position

10,012

3.7492 GBP

10p ordinary

CFD

Increasing a short position

1,660

3.7519 GBP

10p ordinary

CFD

Increasing a short position

318

3.7519 GBP

10p ordinary

CFD

Increasing a short position

6,574

3.7519 GBP

10p ordinary

CFD

Reducing a short position

240

3.7540 GBP

10p ordinary

CFD

Reducing a short position

1,917

3.7540 GBP

10p ordinary

CFD

Reducing a short position

8,312

3.7540 GBP

10p ordinary

CFD

Increasing a short position

5,135

3.7551 GBP

10p ordinary

CFD

Increasing a short position

982

3.7551 GBP

10p ordinary

CFD

Increasing a short position

20,331

3.7551 GBP

10p ordinary

CFD

Reducing a short position

303

3.7551 GBP

10p ordinary

CFD

Reducing a short position

992

3.7551 GBP

10p ordinary

CFD

Reducing a short position

1

3.7554 GBP

10p ordinary

CFD

Reducing a short position

85

3.7554 GBP

10p ordinary

CFD

Reducing a short position

411

3.7583 GBP

10p ordinary

CFD

Reducing a short position

1,341

3.7583 GBP

10p ordinary

CFD

Increasing a short position

2,912

3.7611 GBP

10p ordinary

CFD

Increasing a short position

557

3.7611 GBP

10p ordinary

CFD

Increasing a short position

11,531

3.7611 GBP

10p ordinary

CFD

Increasing a short position

13,293

3.7619 GBP

10p ordinary

CFD

Reducing a long position

5,145

3.7620 GBP

10p ordinary

CFD

Reducing a long position

1

3.7621 GBP

10p ordinary

CFD

Increasing a short position

372

3.7621 GBP

10p ordinary

CFD

Increasing a short position

12,118

3.7654 GBP

10p ordinary

CFD

Increasing a short position

1,851

3.7654 GBP

10p ordinary

CFD

Increasing a short position

38,488

3.7686 GBP

10p ordinary

CFD

Increasing a short position

1,941

3.7698 GBP

10p ordinary

CFD

Increasing a short position

371

3.7698 GBP

10p ordinary

CFD

Increasing a short position

7,688

3.7698 GBP

10p ordinary

CFD

Increasing a short position

1,941

3.7710 GBP

10p ordinary

CFD

Increasing a short position

371

3.7710 GBP

10p ordinary

CFD

Increasing a short position

7,688

3.7710 GBP

10p ordinary

CFD

Increasing a short position

4,853

3.7711 GBP

10p ordinary

CFD

Increasing a short position

929

3.7711 GBP

10p ordinary

CFD

Increasing a short position

19,218

3.7711 GBP

10p ordinary

CFD

Increasing a short position

971

3.7774 GBP

10p ordinary

CFD

Increasing a short position

185

3.7774 GBP

10p ordinary

CFD

Increasing a short position

3,844

3.7774 GBP

10p ordinary

CFD

Increasing a short position

1,660

3.7777 GBP

10p ordinary

CFD

Increasing a short position

318

3.7777 GBP

10p ordinary

CFD

Increasing a short position

6,574

3.7777 GBP

10p ordinary

CFD

Increasing a short position

1,941

3.7802 GBP

10p ordinary

CFD

Increasing a short position

371

3.7802 GBP

10p ordinary

CFD

Increasing a short position

7,688

3.7802 GBP

10p ordinary

CFD

Reducing a short position

126,041

3.7980 GBP

10p ordinary

CFD

Opening a short position

134,247

4.8128 USD

10p ordinary

CFD

Opening a short position

136,875

4.8161 USD

10p ordinary

SWAP

Reducing a long position

4,250,831

3.7840 GBP

10p ordinary

SWAP

Increasing a long position

4,250,831

3.7840 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:

05 June 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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