Form 8.5 (EPT/RI) - Smith (DS)

Released : Feb 03, 2025

RNS Number : 6870V
GoldmanSachs International
03 February 2025
 

 

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:

31 January 2025

(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

43,205,828
251,995

6.0100 GBP
7.2537 USD

5.7700 GBP
7.2492 USD

10p ordinary

Sales

23,710,465

6.0050 GBP

5.7550 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

Increasing a short position

11,642

5.8167 GBP

10p ordinary

CFD

Increasing a short position

7,998

5.8167 GBP

10p ordinary

CFD

Increasing a short position

17,368

5.8167 GBP

10p ordinary

CFD

Increasing a short position

25,280

5.8167 GBP

10p ordinary

CFD

Increasing a short position

178,000

5.8170 GBP

10p ordinary

CFD

Increasing a short position

40,000

5.8170 GBP

10p ordinary

CFD

Increasing a short position

400,000

5.8170 GBP

10p ordinary

CFD

Increasing a short position

100,000

5.8170 GBP

10p ordinary

CFD

Increasing a short position

160,000

5.8170 GBP

10p ordinary

CFD

Increasing a short position

167,000

5.8170 GBP

10p ordinary

CFD

Increasing a short position

150,000

5.8170 GBP

10p ordinary

CFD

Increasing a short position

271,220

5.8175 GBP

10p ordinary

CFD

Increasing a short position

7,274

5.8196 GBP

10p ordinary

CFD

Increasing a short position

15,796

5.8196 GBP

10p ordinary

CFD

Opening a short position

150,000

5.8197 GBP

10p ordinary

CFD

Reducing a long position

63,638

5.8197 GBP

10p ordinary

CFD

Increasing a short position

3,153

5.8215 GBP

10p ordinary

CFD

Increasing a short position

6,847

5.8215 GBP

10p ordinary

CFD

Increasing a short position

3,153

5.8217 GBP

10p ordinary

CFD

Increasing a short position

6,847

5.8217 GBP

10p ordinary

CFD

Increasing a short position

536,705

5.8239 GBP

10p ordinary

CFD

Increasing a short position

3,153

5.8242 GBP

10p ordinary

CFD

Increasing a short position

6,847

5.8242 GBP

10p ordinary

CFD

Reducing a short position

697,715

5.8250 GBP

10p ordinary

CFD

Increasing a short position

467,500

5.8251 GBP

10p ordinary

CFD

Opening a short position

755,300

5.8252 GBP

10p ordinary

CFD

Reducing a long position

1,330

5.8255 GBP

10p ordinary

CFD

Reducing a long position

1,266

5.8255 GBP

10p ordinary

CFD

Opening a short position

554

5.8255 GBP

10p ordinary

CFD

Opening a short position

410,165

5.8257 GBP

10p ordinary

CFD

Increasing a short position

219

5.8259 GBP

10p ordinary

CFD

Opening a short position

150,000

5.8262 GBP

10p ordinary

CFD

Increasing a short position

120,000

5.8262 GBP

10p ordinary

CFD

Opening a short position

434,000

5.8262 GBP

10p ordinary

CFD

Reducing a long position

3,147

5.8262 GBP

10p ordinary

CFD

Opening a short position

150,000

5.8262 GBP

10p ordinary

CFD

Opening a short position

342,801

5.8262 GBP

10p ordinary

CFD

Opening a short position

35,000

5.8262 GBP

10p ordinary

CFD

Opening a short position

150,000

5.8262 GBP

10p ordinary

CFD

Increasing a short position

573,463

5.8264 GBP

10p ordinary

CFD

Increasing a short position

39,595

5.8267 GBP

10p ordinary

CFD

Increasing a short position

39,595

5.8267 GBP

10p ordinary

CFD

Increasing a short position

39,595

5.8267 GBP

10p ordinary

CFD

Increasing a short position

39,595

5.8267 GBP

10p ordinary

CFD

Increasing a short position

32,874

5.8267 GBP

10p ordinary

CFD

Increasing a short position

32,874

5.8267 GBP

10p ordinary

CFD

Increasing a short position

32,874

5.8267 GBP

10p ordinary

CFD

Increasing a short position

32,874

5.8267 GBP

10p ordinary

CFD

Increasing a short position

27,531

5.8267 GBP

10p ordinary

CFD

Increasing a short position

27,531

5.8267 GBP

10p ordinary

CFD

Increasing a short position

27,531

5.8267 GBP

10p ordinary

CFD

Increasing a short position

27,531

5.8267 GBP

10p ordinary

CFD

Opening a short position

405,000

5.8268 GBP

10p ordinary

CFD

Opening a short position

78,000

5.8268 GBP

10p ordinary

CFD

Increasing a short position

150,000

5.8268 GBP

10p ordinary

CFD

Increasing a short position

350,200

5.8268 GBP

10p ordinary

CFD

Opening a short position

250,000

5.8268 GBP

10p ordinary

CFD

Increasing a short position

1,000,000

5.8268 GBP

10p ordinary

CFD

Increasing a short position

772,296

5.8276 GBP

10p ordinary

CFD

Increasing a short position

100,000

5.8285 GBP

10p ordinary

CFD

Reducing a long position

3,176

5.8318 GBP

10p ordinary

CFD

Increasing a long position

69

5.8481 GBP

10p ordinary

CFD

Reducing a long position

15,000

5.8661 GBP

10p ordinary

CFD

Reducing a long position

20,000

5.8661 GBP

10p ordinary

CFD

Increasing a long position

1,468

5.8696 GBP

10p ordinary

CFD

Increasing a short position

20,000

5.8706 GBP

10p ordinary

CFD

Opening a short position

15,000

5.8706 GBP

10p ordinary

CFD

Reducing a long position

12,851

5.8732 GBP

10p ordinary

CFD

Reducing a long position

2,479

5.8736 GBP

10p ordinary

CFD

Reducing a short position

11,678

5.8737 GBP

10p ordinary

CFD

Increasing a short position

15,000

5.8743 GBP

10p ordinary

CFD

Increasing a short position

20,000

5.8743 GBP

10p ordinary

CFD

Opening a short position

20,000

5.8752 GBP

10p ordinary

CFD

Increasing a short position

15,000

5.8752 GBP

10p ordinary

CFD

Reducing a short position

40,000

5.8950 GBP

10p ordinary

CFD

Increasing a short position

7,882

5.9107 GBP

10p ordinary

CFD

Increasing a short position

17,118

5.9107 GBP

10p ordinary

CFD

Reducing a short position

100,000

5.9117 GBP

10p ordinary

CFD

Reducing a short position

200,000

5.9130 GBP

10p ordinary

CFD

Opening a long position

63,638

5.9171 GBP

10p ordinary

CFD

Reducing a short position

175,000

5.9244 GBP

10p ordinary

CFD

Increasing a short position

15,765

5.9318 GBP

10p ordinary

CFD

Increasing a short position

351

5.9318 GBP

10p ordinary

CFD

Increasing a short position

34,235

5.9318 GBP

10p ordinary

CFD

Increasing a short position

763

5.9318 GBP

10p ordinary

CFD

Opening a long position

20,000

5.9333 GBP

10p ordinary

CFD

Reducing a short position

15,000

5.9333 GBP

10p ordinary

CFD

Reducing a short position

261,705

5.9448 GBP

10p ordinary

CFD

Opening a long position

15,000

5.9515 GBP

10p ordinary

CFD

Reducing a short position

20,000

5.9515 GBP

10p ordinary

CFD

Increasing a short position

15,765

5.9616 GBP

10p ordinary

CFD

Increasing a short position

34,235

5.9616 GBP

10p ordinary

CFD

Increasing a short position

7,882

5.9914 GBP

10p ordinary

CFD

Increasing a short position

17,118

5.9914 GBP

10p ordinary

CFD

Increasing a short position

3,153

6.0018 GBP

10p ordinary

CFD

Increasing a short position

6,847

6.0018 GBP

10p ordinary

CFD

Reducing a long position

157,076

7.2080 USD

10p ordinary

CFD

Increasing a short position

41,998

7.2492 USD

10p ordinary

CFD

Increasing a short position

20,999

7.2507 USD

10p ordinary

CFD

Increasing a short position

41,998

7.2534 USD

10p ordinary

CFD

Opening a short position

147,000

7.2537 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:

03 February 2025
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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