Form 8.5 (EPT/RI) - SMITH DS

Released : Jun 28, 2024

RNS Number : 3843U
GoldmanSachs International
28 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:

27 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

17,741,365
5,622,452

4.2620 GBP
5.3567 USD

3.8700 GBP
4.6561 USD

10p ordinary

Sales

16,949,274
4,998,462

4.2620 GBP
5.3390 USD

3.6895 GBP
4.9539 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

Reducing a short position

9,310

3.6895 GBP

10p ordinary

CFD

Reducing a short position

10,429

3.6900 GBP

10p ordinary

CFD

Increasing a short position

105,465

3.8827 GBP

10p ordinary

CFD

Increasing a short position

124,789

3.8827 GBP

10p ordinary

CFD

Increasing a short position

656,261

3.8827 GBP

10p ordinary

CFD

Increasing a short position

113,485

3.8827 GBP

10p ordinary

CFD

Reducing a short position

16,000

3.8974 GBP

10p ordinary

CFD

Reducing a short position

2,000

3.8974 GBP

10p ordinary

CFD

Reducing a short position

32,000

3.8990 GBP

10p ordinary

CFD

Reducing a short position

4,000

3.8991 GBP

10p ordinary

CFD

Reducing a short position

8,000

3.8992 GBP

10p ordinary

CFD

Reducing a short position

8,000

3.8992 GBP

10p ordinary

CFD

Reducing a short position

1,000

3.8992 GBP

10p ordinary

CFD

Reducing a short position

1,000

3.8992 GBP

10p ordinary

CFD

Reducing a short position

1,529

3.9000 GBP

10p ordinary

CFD

Reducing a short position

2,259

3.9002 GBP

10p ordinary

CFD

Reducing a short position

47,198

3.9105 GBP

10p ordinary

CFD

Reducing a short position

78,664

3.9105 GBP

10p ordinary

CFD

Reducing a short position

23,421

3.9105 GBP

10p ordinary

CFD

Reducing a short position

128,257

3.9105 GBP

10p ordinary

CFD

Reducing a short position

153,506

3.9105 GBP

10p ordinary

CFD

Reducing a short position

590

3.9105 GBP

10p ordinary

CFD

Reducing a short position

16,911

3.9161 GBP

10p ordinary

CFD

Reducing a short position

23,421

3.9161 GBP

10p ordinary

CFD

Reducing a short position

78,664

3.9161 GBP

10p ordinary

CFD

Reducing a short position

128,257

3.9161 GBP

10p ordinary

CFD

Reducing a short position

153,505

3.9161 GBP

10p ordinary

CFD

Reducing a short position

30,876

3.9161 GBP

10p ordinary

CFD

Reducing a short position

32,000

3.9224 GBP

10p ordinary

CFD

Reducing a short position

4,000

3.9224 GBP

10p ordinary

CFD

Opening a short position

4,117

3.9348 GBP

10p ordinary

CFD

Reducing a long position

10,969

3.9348 GBP

10p ordinary

CFD

Opening a short position

250,000

3.9379 GBP

10p ordinary

CFD

Increasing a short position

200,303

4.0269 GBP

10p ordinary

CFD

Increasing a short position

1,965

4.0322 GBP

10p ordinary

CFD

Reducing a short position

32,000

4.0482 GBP

10p ordinary

CFD

Reducing a short position

4,000

4.0482 GBP

10p ordinary

CFD

Increasing a short position

727

4.0519 GBP

10p ordinary

CFD

Opening a short position

250,000

4.0834 GBP

10p ordinary

CFD

Increasing a short position

51,364

4.0868 GBP

10p ordinary

CFD

Reducing a long position

7,884

4.1264 GBP

10p ordinary

CFD

Reducing a long position

8,097

4.1264 GBP

10p ordinary

CFD

Reducing a long position

5,519

4.1264 GBP

10p ordinary

CFD

Reducing a short position

562

4.1411 GBP

10p ordinary

CFD

Reducing a short position

149

4.1411 GBP

10p ordinary

CFD

Reducing a short position

1,194

4.1411 GBP

10p ordinary

CFD

Reducing a short position

2,656

4.1411 GBP

10p ordinary

CFD

Reducing a short position

10,827

4.1411 GBP

10p ordinary

CFD

Reducing a short position

4,893

4.1411 GBP

10p ordinary

CFD

Reducing a short position

282

4.1411 GBP

10p ordinary

CFD

Reducing a short position

3,936

4.1412 GBP

10p ordinary

CFD

Reducing a short position

5,655

4.1412 GBP

10p ordinary

CFD

Reducing a short position

815

4.1412 GBP

10p ordinary

CFD

Reducing a short position

690

4.1412 GBP

10p ordinary

CFD

Reducing a short position

782

4.1412 GBP

10p ordinary

CFD

Reducing a short position

6,008

4.1412 GBP

10p ordinary

CFD

Reducing a short position

832

4.1412 GBP

10p ordinary

CFD

Reducing a short position

12,541

4.1412 GBP

10p ordinary

CFD

Reducing a short position

5,744

4.1412 GBP

10p ordinary

CFD

Reducing a short position

3,384

4.1412 GBP

10p ordinary

CFD

Reducing a short position

109,989

4.1412 GBP

10p ordinary

CFD

Reducing a short position

637

4.1412 GBP

10p ordinary

CFD

Reducing a short position

12,596

4.1412 GBP

10p ordinary

CFD

Reducing a short position

49,714

4.1412 GBP

10p ordinary

CFD

Reducing a short position

216

4.1412 GBP

10p ordinary

CFD

Reducing a short position

709

4.1412 GBP

10p ordinary

CFD

Reducing a short position

1,667

4.1412 GBP

10p ordinary

CFD

Increasing a short position

76,887

4.1642 GBP

10p ordinary

CFD

Increasing a short position

3,713

4.1642 GBP

10p ordinary

CFD

Increasing a short position

19,400

4.1642 GBP

10p ordinary

CFD

Opening a short position

280,000

4.1791 GBP

10p ordinary

CFD

Increasing a long position

7,170

4.1842 GBP

10p ordinary

CFD

Opening a short position

5,781

4.1910 GBP

10p ordinary

CFD

Increasing a short position

194,708

4.1949 GBP

10p ordinary

CFD

Reducing a short position

789,284

4.2011 GBP

10p ordinary

CFD

Reducing a short position

815

4.2167 GBP

10p ordinary

CFD

Reducing a short position

14,111

4.2167 GBP

10p ordinary

CFD

Reducing a short position

1,707

4.2167 GBP

10p ordinary

CFD

Reducing a short position

9,555

4.2167 GBP

10p ordinary

CFD

Reducing a short position

548

4.2167 GBP

10p ordinary

CFD

Reducing a short position

4,977

4.2167 GBP

10p ordinary

CFD

Reducing a short position

26,034

4.2167 GBP

10p ordinary

CFD

Reducing a short position

54,226

4.2167 GBP

10p ordinary

CFD

Reducing a short position

30,986

4.2167 GBP

10p ordinary

CFD

Reducing a short position

3,700

4.2167 GBP

10p ordinary

CFD

Reducing a short position

8,539

4.2167 GBP

10p ordinary

CFD

Reducing a short position

8,137

4.2167 GBP

10p ordinary

CFD

Reducing a short position

1,173

4.2167 GBP

10p ordinary

CFD

Opening a short position

14,852

4.2176 GBP

10p ordinary

CFD

Opening a short position

307,548

4.2176 GBP

10p ordinary

CFD

Opening a short position

77,600

4.2176 GBP

10p ordinary

CFD

Reducing a short position

67,196

4.2198 GBP

10p ordinary

CFD

Increasing a short position

230,661

4.2372 GBP

10p ordinary

CFD

Increasing a short position

11,139

4.2372 GBP

10p ordinary

CFD

Increasing a short position

58,200

4.2372 GBP

10p ordinary

CFD

Reducing a short position

4,128

4.2548 GBP

10p ordinary

CFD

Reducing a short position

23,595

4.2548 GBP

10p ordinary

CFD

Reducing a short position

4,435

4.2548 GBP

10p ordinary

CFD

Reducing a short position

2,090

4.2548 GBP

10p ordinary

CFD

Reducing a short position

1,244

4.2548 GBP

10p ordinary

CFD

Reducing a short position

418

4.2548 GBP

10p ordinary

CFD

Reducing a short position

75

4.2548 GBP

10p ordinary

CFD

Opening a long position

2,926

4.2551 GBP

10p ordinary

CFD

Reducing a short position

4,844

4.2551 GBP

10p ordinary

CFD

Increasing a long position

1,017

4.2617 GBP

10p ordinary

CFD

Increasing a long position

2,512

4.2617 GBP

10p ordinary

CFD

Increasing a short position

46,700

4.6561 USD

10p ordinary

CFD

Increasing a short position

1,019,298

4.9406 USD

10p ordinary

CFD

Increasing a short position

180,000

5.0087 USD

10p ordinary

CFD

Increasing a short position

70,000

5.0087 USD

10p ordinary

CFD

Increasing a short position

250,000

5.0292 USD

10p ordinary

CFD

Increasing a short position

41,998

5.1658 USD

10p ordinary

CFD

Opening a short position

77,478

5.1843 USD

10p ordinary

CFD

Reducing a long position

422,522

5.1843 USD

10p ordinary

CFD

Increasing a short position

180,000

5.2213 USD

10p ordinary

CFD

Increasing a short position

70,000

5.2213 USD

10p ordinary

CFD

Increasing a short position

125,994

5.2311 USD

10p ordinary

CFD

Reducing a short position

184,922

5.2606 USD

10p ordinary

CFD

Increasing a short position

300,000

5.2756 USD

10p ordinary

CFD

Reducing a short position

165,386

5.3002 USD

10p ordinary

CFD

Reducing a short position

493,154

5.3389 USD

10p ordinary

CFD

Opening a long position

180

5.3513 USD

10p ordinary

CFD

Opening a long position

661,358

5.3513 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:

28 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.

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
 
 
FERDZGZVGRFGDZM