Form 8.5 (EPT/RI)

Released : Jun 11, 2024

RNS Number : 9698R
Citigroup Global Markets Limited
11 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:

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:

10 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 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

626,060

GBP 3.6655

GBP 3.6095

10p ordinary

Purchase

611,412

GBP 3.6620

GBP 3.6080

 

(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

129

GBP 3.6100

10p ordinary

TRS

Increasing Short Position

10

GBP 3.6120

10p ordinary

TRS

Increasing Short Position

35

GBP 3.6140

10p ordinary

TRS

Increasing Short Position

17

GBP 3.6180

10p ordinary

TRS

Increasing Short Position

45

GBP 3.6200

10p ordinary

TRS

Increasing Short Position

18

GBP 3.6240

10p ordinary

TRS

Increasing Short Position

34

GBP 3.6280

10p ordinary

TRS

Increasing Short Position

60

GBP 3.6340

10p ordinary

TRS

Increasing Short Position

18,796

GBP 3.6178

10p ordinary

TRS

Increasing Short Position

17,118

GBP 3.6184

10p ordinary

TRS

Increasing Short Position

312

GBP 3.6201

10p ordinary

TRS

Increasing Short Position

97,732

GBP 3.6269

10p ordinary

TRS

Increasing Short Position

8,059

GBP 3.6273

10p ordinary

TRS

Increasing Short Position

13,491

GBP 3.6310

10p ordinary

TRS

Increasing Short Position

95

GBP 3.6314

10p ordinary

TRS

Increasing Short Position

3,883

GBP 3.6322

10p ordinary

TRS

Increasing Short Position

2,489

GBP 3.6358

10p ordinary

TRS

Increasing Short Position

1,732

GBP 3.6383

10p ordinary

TRS

Increasing Short Position

806

GBP 3.6384

10p ordinary

TRS

Reducing Short Position

9,216

GBP 3.6095

10p ordinary

TRS

Reducing Short Position

1,297

GBP 3.6099

10p ordinary

TRS

Reducing Short Position

6,812

GBP 3.6135

10p ordinary

TRS

Reducing Short Position

16,140

GBP 3.6198

10p ordinary

TRS

Reducing Short Position

52,907

GBP 3.6203

10p ordinary

TRS

Reducing Short Position

14,925

GBP 3.6212

10p ordinary

TRS

Reducing Short Position

74,375

GBP 3.6445

10p ordinary

TRS

Reducing Short Position

4,242

GBP 3.6655

10p ordinary

TRS

Increasing Short Position

53,273

GBP 3.6545

10p ordinary

TRS

Closing Short Position

153,868

GBP 3.6197

 

(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:                            

11 June 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.

 

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