REG - Citadel Group International Paper Smith (DS) PLC - Form 8.3 - DS Smith PLC

DS SmithAnnouncement

31/01/2025 15:00

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RNS Number : 5042V  Citadel Group  31 January 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:                                                      Citadel Group
 (b) Owner or controller of interests and short positions disclosed, if           N/A
 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   DS SMITH PLC
 relates:

      Use a separate form for each offeror/offeree
 (d) If an exempt fund manager connected with an offeror/offeree, state this      N/A
 and specify identity of offeror/offeree:
 (e) Date position held/dealing undertaken:                                       30 January 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           YES
 disclosures in respect of any other party to the offer?

                                                                                INTERNATIONAL PAPER CO
      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:                                          ISIN GB0008220112

 Common Stock                                                         10p Ordinary
                                                                      Interests          Short positions

                                                                      Number      %      Number    %
 (1) Relevant securities owned and/or controlled:                     7,915       0.00   34,839    0.00
 (2) Cash-settled derivatives:                                        17,014,844  1.22   96,037    0.00

 (3) Stock-settled derivatives (including options) and agreements to  0           0.00   0         0.00
 purchase/sell:
                                                                      17,022,759  1.22   130,876   0.00

      TOTAL:

 

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:   N/A
 Details, including nature of the rights concerned and relevant percentages:  N/A

 

 

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                      Buy Transaction   800                   5.6200 GBP
 Common                      Buy Transaction   1,214                 5.6250 GBP
 Common                      Buy Transaction   730                   5.6300 GBP
 Common                      Buy Transaction   2,668                 5.6450 GBP
 Common                      Buy Transaction   864                   5.6500 GBP
 Common                      Buy Transaction   3,100                 5.6800 GBP
 Common                      Buy Transaction   4,822                 5.6850 GBP
 Common                      Buy Transaction   169                   5.6900 GBP
 Common                      Buy Transaction   527                   5.6950 GBP
 Common                      Buy Transaction   1,718                 5.7000 GBP
 Common                      Buy Transaction   3,635                 5.7050 GBP
 Common                      Buy Transaction   2,598                 5.7100 GBP
 Common                      Buy Transaction   774                   5.7150 GBP
 Common                      Buy Transaction   3,186                 5.7200 GBP
 Common                      Buy Transaction   2,008                 5.7250 GBP
 Common                      Buy Transaction   19,243                5.7300 GBP
 Common                      Buy Transaction   109                   5.7350 GBP
 Common                      Buy Transaction   18,657                5.7400 GBP
 Common                      Buy Transaction   9,748                 5.7450 GBP
 Common                      Buy Transaction   11,209                5.7500 GBP
 Common                      Buy Transaction   959                   5.7550 GBP
 Common                      Buy Transaction   7,168                 5.7600 GBP
 Common                      Buy Transaction   1,162                 5.7650 GBP
 Common                      Buy Transaction   41,452                5.7700 GBP
 Common                      Buy Transaction   12,568                5.7750 GBP
 Common                      Buy Transaction   9,767                 5.7800 GBP
 Common                      Buy Transaction   30,980                5.7850 GBP
 Common                      Buy Transaction   13,546                5.7900 GBP
 Common                      Buy Transaction   8,355                 5.7950 GBP
 Common                      Buy Transaction   22,403                5.8000 GBP
 Common                      Buy Transaction   7,149                 5.8050 GBP
 Common                      Buy Transaction   2,071                 5.8075 GBP
 Common                      Buy Transaction   15,027                5.8100 GBP
 Common                      Buy Transaction   4,659                 5.8125 GBP
 Common                      Buy Transaction   7,429                 5.8150 GBP
 Common                      Buy Transaction   428                   5.8175 GBP
 Common                      Buy Transaction   14,564                5.8200 GBP
 Common                      Buy Transaction   442                   5.8225 GBP
 Common                      Buy Transaction   14,389                5.8250 GBP
 Common                      Buy Transaction   7,112                 5.8275 GBP
 Common                      Buy Transaction   18,061                5.8300 GBP
 Common                      Buy Transaction   10,968                5.8350 GBP
 Common                      Buy Transaction   22,024                5.8400 GBP
 Common                      Buy Transaction   142                   5.8425 GBP
 Common                      Buy Transaction   16,125                5.8450 GBP
 Common                      Buy Transaction   7,015                 5.8500 GBP
 Common                      Buy Transaction   12,907                5.8550 GBP
 Common                      Buy Transaction   5,000                 5.8600 GBP
 Common                      Buy Transaction   5,566                 5.8650 GBP
 Common                      Buy Transaction   4,815                 5.8700 GBP
 Common                      Buy Transaction   7,643                 5.8750 GBP
 Common                      Buy Transaction   695                   5.8800 GBP
 Common                      Buy Transaction   15,000                5.8850 GBP
 Common                      Buy Transaction   10,745                5.8900 GBP
 Common                      Buy Transaction   4,560                 5.8950 GBP
 Common                      Buy Transaction   3,730                 5.9000 GBP
 Common                      Buy Transaction   3,120                 5.9050 GBP
 Common                      Buy Transaction   1,132                 5.9100 GBP
 Common                      Buy Transaction   1,630                 5.9150 GBP
 Common                      Buy Transaction   4,660                 5.9200 GBP
 Common                      Buy Transaction   2,144                 5.9500 GBP
 Common                      Buy Transaction   10                    5.9600 GBP
 Common                      Buy Transaction   27,372                5.9700 GBP
 Common                      Buy Transaction   1,444                 5.9750 GBP
 Common                      Buy Transaction   863                   5.9800 GBP
 Common                      Buy Transaction   14,325                5.9850 GBP
 Common                      Buy Transaction   17,969                5.9900 GBP
 Common                      Buy Transaction   7,660                 5.9950 GBP
 Common                      Sell Transaction  2,684                 5.6300 GBP
 Common                      Sell Transaction  195                   5.6550 GBP
 Common                      Sell Transaction  2,393                 5.6650 GBP
 Common                      Sell Transaction  9,170                 5.6700 GBP
 Common                      Sell Transaction  10                    5.6800 GBP
 Common                      Sell Transaction  2,951                 5.6950 GBP
 Common                      Sell Transaction  10,211                5.7000 GBP
 Common                      Sell Transaction  370                   5.7025 GBP
 Common                      Sell Transaction  6,085                 5.7050 GBP
 Common                      Sell Transaction  1,668                 5.7100 GBP
 Common                      Sell Transaction  33,736                5.7200 GBP
 Common                      Sell Transaction  4,120                 5.7250 GBP
 Common                      Sell Transaction  4,548                 5.7300 GBP
 Common                      Sell Transaction  15,177                5.7350 GBP
 Common                      Sell Transaction  17,690                5.7400 GBP
 Common                      Sell Transaction  6,033                 5.7450 GBP
 Common                      Sell Transaction  1,929                 5.7500 GBP
 Common                      Sell Transaction  2,584                 5.7550 GBP
 Common                      Sell Transaction  12,784                5.7600 GBP
 Common                      Sell Transaction  5,194                 5.7650 GBP
 Common                      Sell Transaction  7,080                 5.7700 GBP
 Common                      Sell Transaction  9,582                 5.7750 GBP
 Common                      Sell Transaction  1,136                 5.7775 GBP
 Common                      Sell Transaction  37,329                5.7800 GBP
 Common                      Sell Transaction  7,272                 5.7850 GBP
 Common                      Sell Transaction  17,830                5.7900 GBP
 Common                      Sell Transaction  5,775                 5.7950 GBP
 Common                      Sell Transaction  797                   5.8000 GBP
 Common                      Sell Transaction  887                   5.8025 GBP
 Common                      Sell Transaction  7,106                 5.8050 GBP
 Common                      Sell Transaction  27,484                5.8100 GBP
 Common                      Sell Transaction  7,579                 5.8150 GBP
 Common                      Sell Transaction  13,533                5.8200 GBP
 Common                      Sell Transaction  18,367                5.8250 GBP
 Common                      Sell Transaction  599                   5.8275 GBP
 Common                      Sell Transaction  41,890                5.8300 GBP
 Common                      Sell Transaction  41,593                5.8350 GBP
 Common                      Sell Transaction  31,884                5.8400 GBP
 Common                      Sell Transaction  17,926                5.8450 GBP
 Common                      Sell Transaction  26,936                5.8500 GBP
 Common                      Sell Transaction  14,043                5.8550 GBP
 Common                      Sell Transaction  5,938                 5.8600 GBP
 Common                      Sell Transaction  16,526                5.8650 GBP
 Common                      Sell Transaction  3,268                 5.8700 GBP
 Common                      Sell Transaction  4,199                 5.8750 GBP
 Common                      Sell Transaction  4,278                 5.8800 GBP
 Common                      Sell Transaction  1,391                 5.8850 GBP
 Common                      Sell Transaction  1,028                 5.8900 GBP
 Common                      Sell Transaction  10                    5.8950 GBP
 Common                      Sell Transaction  8,559                 5.9000 GBP
 Common                      Sell Transaction  3,529                 5.9050 GBP
 Common                      Sell Transaction  950                   5.9500 GBP
 Common                      Sell Transaction  1,573                 5.9600 GBP
 Common                      Sell Transaction  4,107                 5.9650 GBP
 Common                      Sell Transaction  2,706                 5.9800 GBP
 Common                      Sell Transaction  1,686                 5.9850 GBP
 Common                      Sell Transaction  10,278                5.9900 GBP
 Common                      Sell Transaction  5,534                 5.9950 GBP
 Common                      Sell Transaction  1,291                 6.0000 GBP

 

(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                  Increasing long position                                                       32,386                          5.8678 GBP
 Common                      CFD                  Reducing long position                                                         3,707                           5.8919 GBP

 

(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.

 

(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?  NO

 

 

 Date of disclosure:  31 January 2025
 Contact name:        Paula Santos
 Telephone number*:   020 7645 9700

 

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) .

 

 

 

 

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