REG - Goldman Sachs & Co. Dundee Precious Met. - Form 8.3 - Dundee Precious
03/09/2025 15:30
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RNS Number : 8984X Goldman Sachs & Co. LLC 03 September 2025
FORM 8.3
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Full name of discloser: GOLDMAN SACHS & CO. LLC
(b) Owner or controller of interests and short positions disclosed, if
different from 1(a):
The naming of nominee or vehicle companies is insufficient. For a
trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form DUNDEE PRECIOUS METALS INC.
relates:
Use a separate form for each offeror/offeree
(d) If an exempt fund manager connected with an offeror/offeree, state this
and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken: 02 September 2025
For an opening position disclosure, state the latest practicable date
prior to the disclosure
(f) In addition to the company in 1(c) above, is the discloser making NO
disclosures in respect of any other party to the offer?
If it is a cash offer or possible cash offer, state "N/A"
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one
class of relevant securities of the offeror or offeree named in 1(c), copy
table 2(a) or (b) (as appropriate) for each additional class of relevant
security.
(a) Interests and short positions in the relevant securities of
the offeror or offeree to which the disclosure relates following the dealing
(if any)
Class of relevant security: Common
Interests Short positions
Number % Number %
(1) Relevant securities owned and/or controlled: 157,511* 0.09 1,828,613* 1.10
(2) Cash-settled derivatives: 128,639 0.08 246,900 0.15
(3) Stock-settled derivatives (including options) and agreements to 565,100 0.34 0 0.00
purchase/sell:
851,250* 0.51 2,075,513* 1.25
TOTAL:
* GOLDMAN SACHS & CO. LLC resulting position includes changes resulting
from non-trade related activity.
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded
options), or agreements to purchase or sell relevant securities, should be
given on a Supplemental Form 8 (Open Positions).
(b) Rights to subscribe for new securities (including directors'
and other employee options)
Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:
3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
Where there have been dealings in more than one class of relevant securities
of the offeror or offeree named in 1(c), copy table 3(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 Purchase/sale Number of securities Price per unit
Common Purchase 100 25.3200 CAD
Common Purchase 100 25.4300 CAD
Common Purchase 100 25.4400 CAD
Common Purchase 100 25.4500 CAD
Common Purchase 100 25.4600 CAD
Common Purchase 100 25.4600 CAD
Common Purchase 100 25.5000 CAD
Common Purchase 100 25.5000 CAD
Common Purchase 100 25.5000 CAD
Common Purchase 1,100 25.5073 CAD
Common Purchase 100 25.5100 CAD
Common Purchase 100 25.5100 CAD
Common Purchase 800 25.5113 CAD
Common Purchase 100 25.5200 CAD
Common Purchase 100 25.5200 CAD
Common Purchase 100 25.5200 CAD
Common Purchase 200 25.5200 CAD
Common Purchase 100 25.5300 CAD
Common Purchase 100 25.5400 CAD
Common Purchase 100 25.5400 CAD
Common Purchase 100 25.5400 CAD
Common Purchase 100 25.5600 CAD
Common Purchase 100 25.5600 CAD
Common Purchase 100 25.5600 CAD
Common Purchase 600 25.5700 CAD
Common Purchase 100 25.6100 CAD
Common Purchase 100 25.6100 CAD
Common Purchase 100 25.6100 CAD
Common Purchase 100 25.6200 CAD
Common Purchase 100 25.6400 CAD
Common Purchase 100 25.6500 CAD
Common Purchase 100 25.6700 CAD
Common Purchase 100 25.6900 CAD
Common Purchase 100 25.7000 CAD
Common Purchase 100 25.7900 CAD
Common Purchase 100 25.8500 CAD
Common Purchase 100 25.8700 CAD
Common Purchase 100 25.9000 CAD
Common Purchase 100 25.9000 CAD
Common Purchase 100 25.9000 CAD
Common Purchase 100 25.9000 CAD
Common Purchase 100 25.9000 CAD
Common Purchase 200 25.9150 CAD
Common Purchase 100 25.9200 CAD
Common Purchase 100 25.9200 CAD
Common Purchase 100 25.9200 CAD
Common Purchase 100 25.9200 CAD
Common Purchase 400 25.9225 CAD
Common Purchase 407 25.9275 CAD
Common Purchase 7 25.9300 CAD
Common Purchase 7 25.9300 CAD
Common Purchase 100 25.9300 CAD
Common Purchase 100 25.9300 CAD
Common Purchase 100 25.9300 CAD
Common Purchase 100 25.9300 CAD
Common Purchase 100 25.9300 CAD
Common Purchase 100 25.9300 CAD
Common Purchase 100 25.9300 CAD
Common Purchase 100 25.9300 CAD
Common Purchase 100 25.9300 CAD
Common Purchase 100 25.9300 CAD
Common Purchase 100 25.9400 CAD
Common Purchase 100 25.9400 CAD
Common Purchase 100 26.0000 CAD
Common Purchase 100 26.0900 CAD
Common Purchase 100 26.0900 CAD
Common Purchase 100 26.1500 CAD
Common Purchase 100 26.1700 CAD
Common Purchase 100 26.2200 CAD
Common Purchase 1,900 26.2437 CAD
Common Purchase 100 26.2500 CAD
Common Purchase 100 26.2600 CAD
Common Purchase 2,000 26.2605 CAD
Common Purchase 100 26.2800 CAD
Common Purchase 100 26.3200 CAD
Common Purchase 100 26.4400 CAD
Common Purchase 100 26.5200 CAD
Common Purchase 100 26.5300 CAD
Common Purchase 100 26.5300 CAD
Common Purchase 100 26.5400 CAD
Common Purchase 100 26.5400 CAD
Common Purchase 100 26.5500 CAD
Common Purchase 100 26.5500 CAD
Common Purchase 100 26.5500 CAD
Common Purchase 100 26.5500 CAD
Common Purchase 100 26.5600 CAD
Common Purchase 100 26.5700 CAD
Common Purchase 100 26.5700 CAD
Common Purchase 100 26.5700 CAD
Common Purchase 100 26.5800 CAD
Common Purchase 100 26.5800 CAD
Common Purchase 100 26.5900 CAD
Common Purchase 100 26.6000 CAD
Common Purchase 100 26.6000 CAD
Common Purchase 100 26.6000 CAD
Common Purchase 100 26.6000 CAD
Common Purchase 100 26.6100 CAD
Common Purchase 8,887 26.6141 CAD
Common Purchase 100 26.6200 CAD
Common Purchase 900 26.6300 CAD
Common Purchase 97 26.6300 CAD
Common Purchase 7,742 26.6300 CAD
Common Purchase 2,800 26.6300 CAD
Common Purchase 2,600 26.6300 CAD
Common Purchase 6 26.6300 CAD
Common Purchase 1,100 26.6300 CAD
Common Purchase 85 26.6300 CAD
Common Purchase 100 26.6400 CAD
Common Purchase 100 26.6500 CAD
Common Purchase 99 26.6500 CAD
Common Purchase 100 26.6500 CAD
Common Purchase 100 26.6500 CAD
Common Purchase 100 26.6500 CAD
Common Purchase 100 26.6600 CAD
Common Purchase 100 26.6600 CAD
Common Sale 100 25.5100 CAD
Common Sale 100 25.5100 CAD
Common Sale 100 25.5200 CAD
Common Sale 100 25.5300 CAD
Common Sale 100 25.5300 CAD
Common Sale 100 25.5700 CAD
Common Sale 100 25.5700 CAD
Common Sale 100 25.5800 CAD
Common Sale 200 25.5900 CAD
Common Sale 100 25.6000 CAD
Common Sale 100 25.6200 CAD
Common Sale 200 25.6200 CAD
Common Sale 100 25.6200 CAD
Common Sale 100 25.6200 CAD
Common Sale 100 25.6200 CAD
Common Sale 100 25.6300 CAD
Common Sale 100 25.6300 CAD
Common Sale 100 25.6400 CAD
Common Sale 100 25.6500 CAD
Common Sale 100 25.6500 CAD
Common Sale 100 25.6500 CAD
Common Sale 100 25.6600 CAD
Common Sale 100 25.6600 CAD
Common Sale 100 25.6900 CAD
Common Sale 100 25.7000 CAD
Common Sale 100 25.7100 CAD
Common Sale 100 25.7100 CAD
Common Sale 100 25.7500 CAD
Common Sale 100 25.7600 CAD
Common Sale 100 25.7900 CAD
Common Sale 100 25.7900 CAD
Common Sale 100 25.7900 CAD
Common Sale 100 25.8100 CAD
Common Sale 100 25.8100 CAD
Common Sale 100 25.8100 CAD
Common Sale 100 25.8200 CAD
Common Sale 100 25.8300 CAD
Common Sale 100 25.8500 CAD
Common Sale 100 25.8600 CAD
Common Sale 45 25.8700 CAD
Common Sale 100 25.8700 CAD
Common Sale 45 25.8700 CAD
Common Sale 100 25.8700 CAD
Common Sale 100 25.8700 CAD
Common Sale 100 25.8700 CAD
Common Sale 100 25.8700 CAD
Common Sale 100 25.8800 CAD
Common Sale 100 25.8800 CAD
Common Sale 100 25.8900 CAD
Common Sale 100 25.9000 CAD
Common Sale 200 25.9000 CAD
Common Sale 100 25.9000 CAD
Common Sale 100 25.9000 CAD
Common Sale 100 25.9000 CAD
Common Sale 100 25.9100 CAD
Common Sale 100 25.9100 CAD
Common Sale 100 25.9200 CAD
Common Sale 100 25.9200 CAD
Common Sale 100 25.9200 CAD
Common Sale 100 25.9200 CAD
Common Sale 100 25.9200 CAD
Common Sale 1,007 25.9230 CAD
Common Sale 7 25.9300 CAD
Common Sale 100 25.9300 CAD
Common Sale 100 25.9300 CAD
Common Sale 100 25.9300 CAD
Common Sale 100 25.9300 CAD
Common Sale 100 25.9300 CAD
Common Sale 100 25.9300 CAD
Common Sale 100 25.9400 CAD
Common Sale 100 25.9400 CAD
Common Sale 100 26.0200 CAD
Common Sale 100 26.0300 CAD
Common Sale 100 26.0400 CAD
Common Sale 100 26.0400 CAD
Common Sale 100 26.0400 CAD
Common Sale 100 26.0500 CAD
Common Sale 100 26.0500 CAD
Common Sale 100 26.0500 CAD
Common Sale 6,400 26.0741 CAD
Common Sale 100 26.0800 CAD
Common Sale 100 26.0800 CAD
Common Sale 100 26.0900 CAD
Common Sale 100 26.0900 CAD
Common Sale 100 26.1000 CAD
Common Sale 200 26.1100 CAD
Common Sale 100 26.1100 CAD
Common Sale 100 26.1200 CAD
Common Sale 100 26.1300 CAD
Common Sale 100 26.1500 CAD
Common Sale 100 26.1600 CAD
Common Sale 5,044 26.1643 CAD
Common Sale 100 26.1700 CAD
Common Sale 100 26.1800 CAD
Common Sale 100 26.1900 CAD
Common Sale 6,500 26.1988 CAD
Common Sale 100 26.2000 CAD
Common Sale 100 26.2000 CAD
Common Sale 200 26.2000 CAD
Common Sale 100 26.2000 CAD
Common Sale 100 26.2000 CAD
Common Sale 100 26.2100 CAD
Common Sale 100 26.2100 CAD
Common Sale 200 26.2100 CAD
Common Sale 100 26.2100 CAD
Common Sale 100 26.2100 CAD
Common Sale 100 26.2200 CAD
Common Sale 100 26.2200 CAD
Common Sale 100 26.2200 CAD
Common Sale 100 26.2200 CAD
Common Sale 100 26.2300 CAD
Common Sale 100 26.2300 CAD
Common Sale 100 26.2300 CAD
Common Sale 100 26.2300 CAD
Common Sale 100 26.2400 CAD
Common Sale 100 26.2400 CAD
Common Sale 100 26.2400 CAD
Common Sale 100 26.2400 CAD
Common Sale 100 26.2500 CAD
Common Sale 100 26.2500 CAD
Common Sale 100 26.2500 CAD
Common Sale 100 26.2600 CAD
Common Sale 100 26.2600 CAD
Common Sale 100 26.2600 CAD
Common Sale 100 26.2600 CAD
Common Sale 100 26.2700 CAD
Common Sale 100 26.2700 CAD
Common Sale 100 26.2700 CAD
Common Sale 100 26.2800 CAD
Common Sale 100 26.2800 CAD
Common Sale 100 26.2800 CAD
Common Sale 100 26.2800 CAD
Common Sale 100 26.2800 CAD
Common Sale 100 26.2900 CAD
Common Sale 100 26.3100 CAD
Common Sale 100 26.3100 CAD
Common Sale 100 26.3200 CAD
Common Sale 100 26.3200 CAD
Common Sale 100 26.3300 CAD
Common Sale 100 26.3400 CAD
Common Sale 100 26.3600 CAD
Common Sale 6,099 26.3654 CAD
Common Sale 100 26.4000 CAD
Common Sale 100 26.4200 CAD
Common Sale 300 26.4400 CAD
Common Sale 100 26.4400 CAD
Common Sale 100 26.4500 CAD
Common Sale 200 26.4600 CAD
Common Sale 100 26.4600 CAD
Common Sale 100 26.4600 CAD
Common Sale 100 26.4600 CAD
Common Sale 100 26.4600 CAD
Common Sale 100 26.4800 CAD
Common Sale 100 26.4800 CAD
Common Sale 100 26.4900 CAD
Common Sale 100 26.5000 CAD
Common Sale 100 26.5000 CAD
Common Sale 100 26.5000 CAD
Common Sale 100 26.5100 CAD
Common Sale 100 26.5100 CAD
Common Sale 100 26.5100 CAD
Common Sale 100 26.5100 CAD
Common Sale 100 26.5100 CAD
Common Sale 100 26.5100 CAD
Common Sale 500 26.5140 CAD
Common Sale 100 26.5200 CAD
Common Sale 100 26.5200 CAD
Common Sale 100 26.5200 CAD
Common Sale 100 26.5200 CAD
Common Sale 100 26.5200 CAD
Common Sale 100 26.5300 CAD
Common Sale 100 26.5300 CAD
Common Sale 100 26.5300 CAD
Common Sale 100 26.5300 CAD
Common Sale 100 26.5300 CAD
Common Sale 100 26.5300 CAD
Common Sale 100 26.5400 CAD
Common Sale 100 26.5400 CAD
Common Sale 300 26.5400 CAD
Common Sale 100 26.5500 CAD
Common Sale 100 26.5500 CAD
Common Sale 300 26.5500 CAD
Common Sale 100 26.5500 CAD
Common Sale 100 26.5500 CAD
Common Sale 100 26.5600 CAD
Common Sale 100 26.5600 CAD
Common Sale 100 26.5600 CAD
Common Sale 100 26.5600 CAD
Common Sale 100 26.5600 CAD
Common Sale 100 26.5600 CAD
Common Sale 100 26.5600 CAD
Common Sale 100 26.5600 CAD
Common Sale 100 26.5600 CAD
Common Sale 100 26.5600 CAD
Common Sale 1,400 26.5629 CAD
Common Sale 3,200 26.5633 CAD
Common Sale 100 26.5700 CAD
Common Sale 100 26.5700 CAD
Common Sale 100 26.5700 CAD
Common Sale 100 26.5700 CAD
Common Sale 100 26.5900 CAD
Common Sale 100 26.5900 CAD
Common Sale 100 26.5900 CAD
Common Sale 100 26.6000 CAD
Common Sale 100 26.6000 CAD
Common Sale 100 26.6000 CAD
Common Sale 100 26.6100 CAD
Common Sale 100 26.6100 CAD
Common Sale 100 26.6100 CAD
Common Sale 100 26.6100 CAD
Common Sale 44 26.6100 CAD
Common Sale 100 26.6100 CAD
Common Sale 100 26.6100 CAD
Common Sale 100 26.6100 CAD
Common Sale 100 26.6200 CAD
Common Sale 100 26.6200 CAD
Common Sale 100 26.6200 CAD
Common Sale 100 26.6200 CAD
Common Sale 100 26.6200 CAD
Common Sale 100 26.6200 CAD
Common Sale 100 26.6200 CAD
Common Sale 200 26.6200 CAD
Common Sale 1,100 26.6300 CAD
Common Sale 11 26.6300 CAD
Common Sale 7,742 26.6300 CAD
Common Sale 2,697 26.6300 CAD
Common Sale 2,800 26.6300 CAD
Common Sale 2,885 26.6300 CAD
Common Sale 100 26.6300 CAD
Common Sale 2,600 26.6300 CAD
Common Sale 100 26.6300 CAD
Common Sale 1,100 26.6300 CAD
Common Sale 1,106 26.6300 CAD
Common Sale 11 26.6300 CAD
Common Sale 1,200 26.6300 CAD
Common Sale 42 26.6300 CAD
Common Sale 100 26.6400 CAD
Common Sale 100 26.6400 CAD
Common Sale 100 26.6500 CAD
Common Sale 100 26.6550 CAD
Common Sale 100 26.6600 CAD
(b) Cash-settled derivative transactions
Class of relevant security Product description Nature of dealing Number of reference securities Price per unit
e.g. CFD e.g. opening/closing a long/short position, increasing/reducing a long/short
position
Common CFD Reducing a short position 800 26.3644 CAD
Common CFD Reducing a short position 4,400 26.5936 CAD
(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 Expiry date Option money paid/ received per unit
e.g. American, European etc.
Common Call Option Selling 154,000 19.0000 CAD EUROPEAN 17/10/2025 7.5000 CAD
Common Call Option Selling 21,000 19.0000 CAD EUROPEAN 17/10/2025 7.5000 CAD
(ii) Exercise
Class of relevant security Product description Exercising / exercised against Number of securities Exercise price per unit
e.g. call option
(d) Other dealings (including subscribing for new securities)
Class of relevant security Nature of dealing Details Price per unit (if applicable)
e.g. subscription, conversion
4. 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 person
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 person 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
(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached? YES
Date of disclosure: 03 September 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.
*If the discloser is a natural person, a telephone number does not need to be
included, provided contact information has been provided to the Panel's Market
Surveillance Unit.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk
(http://www.thetakeoverpanel.org.uk) .
SUPPLEMENTAL FORM 8(OPEN POSITIONS)
DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS,
AGREEMENT TO
PURCHASE OR SELL ETC.
Note 5(i) on Rule 8 of the Takeover Code (the "Code")
1. KEY INFORMATION
Full name of person making disclosure: GOLDMAN SACHS & CO. LLC
Name of offeror/offeree in relation to whose relevant securities DUNDEE PRECIOUS METALS INC.
disclosure relates:
2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)
Class of relevant security Product description e.g. call option Written or purchased Number of securities to which option or derivative relates Exercise price per unit Type Expiry date
e.g. American, European etc.
Common Call Option Purchased 31,500 23.0000 CAD EURO 20/02/2026
Common Call Option Sold 31,500 23.0000 CAD EURO 20/02/2026
Common Call Option Purchased 31,500 23.0000 CAD EURO 20/02/2026
Common Call Option Purchased 45,000 19.0000 CAD EURO 19/12/2025
Common Call Option Sold 45,000 19.0000 CAD EURO 19/12/2025
Common Call Option Purchased 45,000 19.0000 CAD EURO 19/12/2025
Common Call Option Purchased 240,000 23.0000 CAD EURO 20/02/2026
Common Call Option Sold 240,000 23.0000 CAD EURO 20/02/2026
Common Call Option Purchased 240,000 23.0000 CAD EURO 20/02/2026
Common Call Option Purchased 248,600 19.0000 CAD EURO 19/12/2025
Common Call Option Sold 248,600 19.0000 CAD EURO 19/12/2025
Common Call Option Purchased 248,600 19.0000 CAD EURO 19/12/2025
3. AGREEMENTS TO PURCHASE OR SELL
Full details should be given so that the nature of the interest or position
can be fully understood:
It is not necessary to provide details on a Supplement form (Open Positions)
with regard to cash-settled derivatives.
The currency of all pieces and other monetary amounts should be stated.
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
(http://www.thetakeoverpanel.org.uk) .
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