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

Released : Jul 01, 2024

RNS Number : 6207U
GoldmanSachs International
01 July 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:

28 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

16,843,320
1,869,321

4.2400 GBP
5.3688 USD

4.1780 GBP
5.2471 USD

10p ordinary

Sales

27,431,713

4.2400 GBP

4.1730 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

6,801

4.1786 GBP

10p ordinary

CFD

Increasing a short position

63,180

4.1814 GBP

10p ordinary

CFD

Increasing a short position

74,250

4.1931 GBP

10p ordinary

CFD

Reducing a short position

101,237

4.1958 GBP

10p ordinary

CFD

Reducing a short position

173,562

4.1958 GBP

10p ordinary

CFD

Reducing a short position

7,538

4.1958 GBP

10p ordinary

CFD

Reducing a short position

550,928

4.1958 GBP

10p ordinary

CFD

Reducing a short position

5,681

4.1958 GBP

10p ordinary

CFD

Reducing a short position

502,478

4.1958 GBP

10p ordinary

CFD

Reducing a short position

16,443

4.1958 GBP

10p ordinary

CFD

Reducing a short position

34,969

4.1958 GBP

10p ordinary

CFD

Reducing a short position

190,298

4.1958 GBP

10p ordinary

CFD

Reducing a short position

21,824

4.1958 GBP

10p ordinary

CFD

Increasing a short position

22,789

4.1972 GBP

10p ordinary

CFD

Increasing a short position

914

4.2000 GBP

10p ordinary

CFD

Reducing a long position

100

4.2002 GBP

10p ordinary

CFD

Increasing a short position

94,258

4.2004 GBP

10p ordinary

CFD

Reducing a short position

10,000

4.2012 GBP

10p ordinary

CFD

Reducing a long position

62

4.2028 GBP

10p ordinary

CFD

Reducing a short position

32,361

4.2078 GBP

10p ordinary

CFD

Reducing a short position

134,168

4.2078 GBP

10p ordinary

CFD

Reducing a short position

121,810

4.2078 GBP

10p ordinary

CFD

Reducing a short position

17,294

4.2078 GBP

10p ordinary

CFD

Reducing a short position

159,785

4.2078 GBP

10p ordinary

CFD

Reducing a short position

75,438

4.2078 GBP

10p ordinary

CFD

Reducing a short position

3,575

4.2078 GBP

10p ordinary

CFD

Reducing a short position

29,361

4.2078 GBP

10p ordinary

CFD

Reducing a short position

6,976

4.2078 GBP

10p ordinary

CFD

Reducing a short position

4,391

4.2078 GBP

10p ordinary

CFD

Reducing a short position

107,081

4.2078 GBP

10p ordinary

CFD

Reducing a short position

27,032

4.2078 GBP

10p ordinary

CFD

Reducing a short position

145,733

4.2078 GBP

10p ordinary

CFD

Reducing a short position

111,097

4.2078 GBP

10p ordinary

CFD

Reducing a short position

2,252

4.2078 GBP

10p ordinary

CFD

Reducing a short position

3,636

4.2078 GBP

10p ordinary

CFD

Reducing a short position

6,329

4.2078 GBP

10p ordinary

CFD

Reducing a short position

3,504

4.2078 GBP

10p ordinary

CFD

Reducing a short position

5,257

4.2078 GBP

10p ordinary

CFD

Reducing a short position

4,825

4.2078 GBP

10p ordinary

CFD

Reducing a short position

119,795

4.2078 GBP

10p ordinary

CFD

Reducing a short position

117,408

4.2078 GBP

10p ordinary

CFD

Reducing a short position

4,769

4.2078 GBP

10p ordinary

CFD

Reducing a short position

70,099

4.2078 GBP

10p ordinary

CFD

Reducing a short position

12,881

4.2078 GBP

10p ordinary

CFD

Reducing a short position

160,623

4.2078 GBP

10p ordinary

CFD

Reducing a short position

21,575

4.2078 GBP

10p ordinary

CFD

Reducing a short position

22,383

4.2078 GBP

10p ordinary

CFD

Reducing a short position

109,260

4.2078 GBP

10p ordinary

CFD

Reducing a short position

516

4.2078 GBP

10p ordinary

CFD

Reducing a short position

2,777

4.2078 GBP

10p ordinary

CFD

Reducing a short position

68,804

4.2078 GBP

10p ordinary

CFD

Reducing a short position

5,827

4.2078 GBP

10p ordinary

CFD

Reducing a short position

15,774

4.2078 GBP

10p ordinary

CFD

Reducing a short position

2,092

4.2078 GBP

10p ordinary

CFD

Reducing a short position

176,111

4.2078 GBP

10p ordinary

CFD

Reducing a short position

4,745

4.2078 GBP

10p ordinary

CFD

Reducing a short position

4,650

4.2078 GBP

10p ordinary

CFD

Reducing a short position

3,178

4.2078 GBP

10p ordinary

CFD

Reducing a short position

687

4.2078 GBP

10p ordinary

CFD

Reducing a short position

2,988

4.2078 GBP

10p ordinary

CFD

Reducing a short position

22,013

4.2078 GBP

10p ordinary

CFD

Reducing a short position

147,104

4.2078 GBP

10p ordinary

CFD

Reducing a short position

13,862

4.2078 GBP

10p ordinary

CFD

Reducing a short position

63,934

4.2078 GBP

10p ordinary

CFD

Reducing a short position

2,624

4.2092 GBP

10p ordinary

CFD

Reducing a short position

31,002

4.2092 GBP

10p ordinary

CFD

Reducing a short position

3,483

4.2092 GBP

10p ordinary

CFD

Reducing a short position

5,697

4.2092 GBP

10p ordinary

CFD

Reducing a short position

133,970

4.2092 GBP

10p ordinary

CFD

Reducing a short position

28,275

4.2092 GBP

10p ordinary

CFD

Reducing a short position

1,228

4.2092 GBP

10p ordinary

CFD

Reducing a short position

146,888

4.2092 GBP

10p ordinary

CFD

Reducing a short position

4,384

4.2092 GBP

10p ordinary

CFD

Reducing a short position

926

4.2092 GBP

10p ordinary

CFD

Reducing a short position

16,157

4.2092 GBP

10p ordinary

CFD

Reducing a short position

5,819

4.2092 GBP

10p ordinary

CFD

Reducing a short position

87,926

4.2092 GBP

10p ordinary

CFD

Reducing a short position

26,992

4.2092 GBP

10p ordinary

CFD

Reducing a short position

80,193

4.2092 GBP

10p ordinary

CFD

Opening a long position

100

4.2097 GBP

10p ordinary

CFD

Opening a short position

315,255

4.2100 GBP

10p ordinary

CFD

Reducing a short position

4,041

4.2109 GBP

10p ordinary

CFD

Reducing a short position

277,501

4.2109 GBP

10p ordinary

CFD

Reducing a short position

12,053

4.2109 GBP

10p ordinary

CFD

Reducing a short position

135,382

4.2109 GBP

10p ordinary

CFD

Reducing a short position

549,196

4.2109 GBP

10p ordinary

CFD

Reducing a short position

9,081

4.2109 GBP

10p ordinary

CFD

Reducing a short position

123,475

4.2109 GBP

10p ordinary

CFD

Reducing a short position

5,363

4.2109 GBP

10p ordinary

CFD

Reducing a short position

55,909

4.2109 GBP

10p ordinary

CFD

Reducing a short position

24,877

4.2109 GBP

10p ordinary

CFD

Reducing a short position

304,258

4.2109 GBP

10p ordinary

CFD

Reducing a short position

16,393

4.2109 GBP

10p ordinary

CFD

Reducing a short position

500,897

4.2109 GBP

10p ordinary

CFD

Reducing a short position

100,918

4.2109 GBP

10p ordinary

CFD

Reducing a short position

21,753

4.2109 GBP

10p ordinary

CFD

Reducing a short position

117,769

4.2131 GBP

10p ordinary

CFD

Reducing a short position

129,978

4.2147 GBP

10p ordinary

CFD

Reducing a short position

493

4.2167 GBP

10p ordinary

CFD

Reducing a short position

2,090

4.2167 GBP

10p ordinary

CFD

Reducing a short position

2,449

4.2167 GBP

10p ordinary

CFD

Reducing a short position

21,146

4.2167 GBP

10p ordinary

CFD

Reducing a short position

8,563

4.2167 GBP

10p ordinary

CFD

Reducing a short position

1,244

4.2167 GBP

10p ordinary

CFD

Reducing a short position

142,144

4.2217 GBP

10p ordinary

CFD

Increasing a short position

300,000

5.3041 USD

10p ordinary

CFD

Increasing a short position

1,323

5.3328 USD

10p ordinary

CFD

Increasing a short position

500,000

5.3420 USD

10p ordinary

CFD

Increasing a short position

41,998

5.3541 USD

10p ordinary

CFD

Increasing a short position

2,655

5.3687 USD

10p ordinary

CFD

Opening a short position

2,475

5.3687 USD

10p ordinary

CFD

Opening a short position

2,170

5.3687 USD

10p ordinary

CFD

Increasing a short position

18,099

5.3687 USD

10p ordinary

CFD

Opening a short position

601

5.3687 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:

01 July 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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