Form 8.5 (EPT/RI)-Amendment

Released : Jul 01, 2024

RNS Number : 5686U
Citigroup Global Markets Limited
01 July 2024
 

 Amendment to section 2(a) & (b)


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:

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 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

8,833,695

GBP 5.2472

GBP 3.8920

10p ordinary

Purchase

7,866,115

GBP 4.2620

GBP 3.8919

 

(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

746,078

GBP 3.9190

10p ordinary

TRS

Reducing Long Position

1,319

GBP 4.2620

10p ordinary

TRS

Increasing Long Position

12

GBP 3.9400

10p ordinary

TRS

Reducing Short Position

136,546

GBP 4.2358

10p ordinary

TRS

Opening Short Position

371,970

GBP 3.9070

10p ordinary

TRS

Opening Short Position

38,963

GBP 3.9292

10p ordinary

TRS

Closing Short Position

66,500

GBP 3.9152

10p ordinary

TRS

Closing Short Position

66,500

GBP 4.9485

10p ordinary

TRS

Increasing Long Position

96

GBP 4.0920

10p ordinary

TRS

Increasing Long Position

1

GBP 4.0940

10p ordinary

TRS

Increasing Long Position

193

GBP 4.1060

10p ordinary

TRS

Increasing Long Position

83

GBP 4.1440

10p ordinary

TRS

Increasing Long Position

161

GBP 4.1520

10p ordinary

TRS

Increasing Long Position

1

GBP 4.1540

10p ordinary

TRS

Increasing Long Position

156

GBP 4.1560

10p ordinary

TRS

Increasing Long Position

158

GBP 4.1580

10p ordinary

TRS

Increasing Long Position

82

GBP 4.1720

10p ordinary

TRS

Increasing Long Position

164

GBP 4.1780

10p ordinary

TRS

Increasing Long Position

159

GBP 4.1880

10p ordinary

TRS

Increasing Long Position

78

GBP 4.1900

10p ordinary

TRS

Increasing Long Position

166

GBP 4.1980

10p ordinary

TRS

Increasing Long Position

156

GBP 4.2300

10p ordinary

TRS

Increasing Long Position

155

GBP 4.2340

10p ordinary

TRS

Increasing Long Position

164

GBP 4.2380

10p ordinary

TRS

Increasing Long Position

78

GBP 4.2400

10p ordinary

TRS

Increasing Long Position

79

GBP 4.2420

10p ordinary

TRS

Increasing Long Position

82

GBP 4.2440

10p ordinary

TRS

Increasing Long Position

510

GBP 4.2620

10p ordinary

TRS

Reducing Short Position

29,430

GBP 4.0989

10p ordinary

TRS

Reducing Short Position

4,857

GBP 4.1097

10p ordinary

TRS

Reducing Short Position

6,664

GBP 4.1105

10p ordinary

TRS

Reducing Short Position

15,713

GBP 4.1195

10p ordinary

TRS

Reducing Short Position

9,287

GBP 4.1695

10p ordinary

TRS

Increasing Short Position

100,000

GBP 3.8919

10p ordinary

TRS

Increasing Short Position

50,650

GBP 3.9005

10p ordinary

TRS

Increasing Short Position

100,000

GBP 3.9020

10p ordinary

TRS

Increasing Short Position

26,605

GBP 3.9105

10p ordinary

TRS

Increasing Short Position

77,171

GBP 3.9202

10p ordinary

TRS

Increasing Short Position

52,962

GBP 3.9366

10p ordinary

TRS

Increasing Short Position

174,647

GBP 4.0406

10p ordinary

TRS

Increasing Short Position

500,000

GBP 4.1196

10p ordinary

TRS

Increasing Short Position

101

GBP 4.1684

10p ordinary

TRS

Increasing Short Position

3,983

GBP 4.1727

10p ordinary

TRS

Increasing Short Position

250,000

GBP 4.2333

10p ordinary

TRS

Increasing Short Position

894,793

GBP 4.2620

10p ordinary

TRS

Reducing Short Position

5,527

GBP 3.9395

10p ordinary

TRS

Reducing Short Position

150,000

GBP 4.0700

10p ordinary

TRS

Reducing Short Position

868,308

GBP 4.1164

10p ordinary

TRS

Reducing Short Position

281,738

GBP 4.1325

10p ordinary

TRS

Reducing Short Position

621,865

GBP 4.1497

10p ordinary

TRS

Reducing Short Position

571,764

GBP 4.1528

10p ordinary

TRS

Reducing Short Position

316,918

GBP 4.1555

10p ordinary

TRS

Reducing Short Position

1,118,683

GBP 4.1682

10p ordinary

TRS

Reducing Short Position

1,760,887

GBP 4.1948

10p ordinary

TRS

Reducing Short Position

1,306

GBP 4.1982

10p ordinary

TRS

Reducing Short Position

1,113

GBP 4.2000

10p ordinary

TRS

Reducing Short Position

7,363

GBP 4.2245

10p ordinary

TRS

Reducing Short Position

551,221

GBP 4.2252

10p ordinary

TRS

Reducing Short Position

340

GBP 4.2334

10p ordinary

TRS

Closing Short Position

154,500

GBP 5.2472

 

(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:                            

01 July 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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