Form 8.5 (EPT/RI)- Amend Smith

Released : Dec 24, 2024

RNS Number : 2647R
GoldmanSachs International
24 December 2024
 

Amendment - due to the amendment of Equity and Derivative transactions, the disclosure made on 23rd May for dealings on 22nd May has been updated. Section 2(a) and 2(b) has been updated.

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:

22 May 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

13,916,118
6,500,000

3.7680 GBP
4.2588 EUR

3.6400 GBP
4.2588 EUR

10p ordinary

Sales

8,422,500
1,800,000

3.7680 GBP
4.7726 USD

3.6580 GBP
4.7544 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

Opening a short position

337,983

2.9401 USD

10p ordinary

CFD

Increasing a long position

17,144

3.6450 GBP

10p ordinary

CFD

Increasing a short position

15,823

3.6450 GBP

10p ordinary

CFD

Increasing a short position

1,321

3.6450 GBP

10p ordinary

CFD

Reducing a long position

232,369

3.6460 GBP

10p ordinary

CFD

Increasing a short position

38,989

3.6632 GBP

10p ordinary

CFD

Increasing a short position

3,978

3.6649 GBP

10p ordinary

CFD

Increasing a short position

9,382

3.6756 GBP

10p ordinary

CFD

Opening a short position

250,000

3.6809 GBP

10p ordinary

CFD

Reducing a short position

960

3.6837 GBP

10p ordinary

CFD

Reducing a short position

5,287

3.6837 GBP

10p ordinary

CFD

Reducing a short position

8,585

3.6837 GBP

10p ordinary

CFD

Reducing a short position

2,405

3.6837 GBP

10p ordinary

CFD

Reducing a short position

1,850

3.6837 GBP

10p ordinary

CFD

Reducing a short position

241

3.6837 GBP

10p ordinary

CFD

Reducing a short position

3,117

3.6837 GBP

10p ordinary

CFD

Opening a short position

64,462

3.6900 GBP

10p ordinary

CFD

Opening a short position

250,000

3.7034 GBP

10p ordinary

CFD

Increasing a short position

4,532

3.7039 GBP

10p ordinary

CFD

Opening a short position

239,045

3.7376 GBP

10p ordinary

CFD

Increasing a short position

3,362

3.7386 GBP

10p ordinary

CFD

Reducing a short position

650,000

3.7394 GBP

10p ordinary

CFD

Opening a short position

200,880

3.7426 GBP

10p ordinary

CFD

Opening a short position

78,120

3.7426 GBP

10p ordinary

CFD

Increasing a short position

177,225

3.7426 GBP

10p ordinary

CFD

Increasing a short position

28,975

3.7426 GBP

10p ordinary

CFD

Increasing a short position

30,809

3.7426 GBP

10p ordinary

CFD

Increasing a short position

27,086

3.7426 GBP

10p ordinary

CFD

Increasing a short position

94,538

3.7432 GBP

10p ordinary

CFD

Increasing a short position

406,302

3.7432 GBP

10p ordinary

CFD

Increasing a short position

66,429

3.7432 GBP

10p ordinary

CFD

Increasing a short position

70,634

3.7432 GBP

10p ordinary

CFD

Increasing a short position

62,097

3.7432 GBP

10p ordinary

CFD

Increasing a short position

464

3.7443 GBP

10p ordinary

CFD

Reducing a short position

20,708

3.7457 GBP

10p ordinary

CFD

Increasing a short position

19,420

3.7467 GBP

10p ordinary

CFD

Opening a short position

238,370

3.7476 GBP

10p ordinary

CFD

Opening a short position

5,120

3.7476 GBP

10p ordinary

CFD

Reducing a short position

3,048

3.7476 GBP

10p ordinary

CFD

Reducing a short position

15,480

3.7476 GBP

10p ordinary

CFD

Reducing a short position

64,440

3.7476 GBP

10p ordinary

CFD

Opening a short position

15,480

3.7476 GBP

10p ordinary

CFD

Opening a short position

7,896

3.7476 GBP

10p ordinary

CFD

Reducing a short position

5,120

3.7476 GBP

10p ordinary

CFD

Opening a short position

64,440

3.7476 GBP

10p ordinary

CFD

Opening a short position

3,048

3.7476 GBP

10p ordinary

CFD

Reducing a short position

3,629

3.7476 GBP

10p ordinary

CFD

Reducing a short position

238,370

3.7476 GBP

10p ordinary

CFD

Opening a short position

3,629

3.7476 GBP

10p ordinary

CFD

Reducing a short position

7,896

3.7476 GBP

10p ordinary

CFD

Increasing a long position

673

3.7491 GBP

10p ordinary

CFD

Increasing a short position

128,518

3.7499 GBP

10p ordinary

CFD

Increasing a short position

10,708

3.7508 GBP

10p ordinary

CFD

Opening a short position

955

3.7523 GBP

10p ordinary

CFD

Reducing a short position

643

3.7537 GBP

10p ordinary

CFD

Opening a short position

28,429

3.7582 GBP

10p ordinary

CFD

Opening a short position

760,955

3.7609 GBP

10p ordinary

CFD

Reducing a short position

31,493

3.7679 GBP

10p ordinary

CFD

Reducing a short position

1,000,000

4.7544 USD

10p ordinary

CFD

Reducing a short position

300,000

4.7602 USD

10p ordinary

CFD

Increasing a short position

3,629

4.7769 USD

10p ordinary

CFD

Increasing a short position

5,120

4.7769 USD

10p ordinary

CFD

Increasing a short position

15,480

4.7769 USD

10p ordinary

CFD

Increasing a short position

64,440

4.7769 USD

10p ordinary

CFD

Increasing a short position

3,048

4.7769 USD

10p ordinary

CFD

Increasing a short position

7,896

4.7769 USD

10p ordinary

CFD

Increasing a short position

238,370

4.7769 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:

24 December 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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