REG - Citigroup Global Mkt Smith (DS) PLC - Form 8.5 (EPT/RI) - Amendment

DS SmithAnnouncement

29/04/2024 12:45

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RNS Number : 4386M  Citigroup Global Markets Limited  29 April 2024

Amendment: Changes to Section 2 (a) and (b)

 

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:                                            Citigroup Global Markets Limited
 (b) Name of offeror/offeree in relation to whose relevant securities this form  Smith (DS) plc
 relates:

  Use a separate form for each offeror/offeree
 (c) Name of the party to the offer with which exempt principal trader is        Smith (DS) plc
 connected:
 (d) Date dealing undertaken:                                                    25 April 2024
 (e) In addition to the company in 1(b) above, is the exempt principal trader    International Paper Company
 making disclosures in respect of any other party to this offer?

  If it is a cash offer or possible cash offer, state "N/A"

 

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                Sale              2,100,780                   GBP 4.2469                            GBP 3.2507
 10p ordinary                Purchase          4,571,218                   GBP 3.4513                            GBP 3.2500

 

(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
 10p ordinary                TRS                  Reducing Long Position                                                           360,642                         GBP 3.4000
 10p ordinary                TRS                  Increasing Long Position                                                         224,009                         GBP 3.3096
 10p ordinary                TRS                  Reducing Short Position                                                          500,000                         GBP 3.3666
 10p ordinary                TRS                  Increasing Long Position                                                         158,405                         GBP 3.3399
 10p ordinary                TRS                  Increasing Long Position                                                         192,395                         GBP 3.3548
 10p ordinary                TRS                  Increasing Long Position                                                         101,888                         GBP 3.3565
 10p ordinary                TRS                  Increasing Long Position                                                         9,786                           GBP 3.3625
 10p ordinary                TRS                  Increasing Long Position                                                         78,642                          GBP 3.3677
 10p ordinary                TRS                  Increasing Long Position                                                         78,426                          GBP 3.3690
 10p ordinary                TRS                  Increasing Long Position                                                         45,340                          GBP 3.3726
 10p ordinary                TRS                  Increasing Long Position                                                         5,964                           GBP 3.3767
 10p ordinary                TRS                  Increasing Long Position                                                         14,157                          GBP 3.4314
 10p ordinary                TRS                  Increasing Long Position                                                         5,519                           GBP 3.4479
 10p ordinary                TRS                  Increasing Long Position                                                         9,200                           GBP 3.4479
 10p ordinary                TRS                  Increasing Short Position                                                        271,853                         GBP 3.3743
 10p ordinary                TRS                  Increasing Short Position                                                        378,147                         GBP 3.3761
 10p ordinary                TRS                  Increasing Short Position                                                        14,268                          GBP 3.4001
 10p ordinary                TRS                  Increasing Short Position                                                        3,350                           GBP 3.4293
 10p ordinary                TRS                  Increasing Short Position                                                        98,520                          GBP 3.4457
 10p ordinary                TRS                  Increasing Short Position                                                        1                               GBP 3.4483
 10p ordinary                TRS                  Increasing Short Position                                                        338                             GBP 3.4484
 10p ordinary                TRS                  Increasing Short Position                                                        2                               GBP 3.4513
 10p ordinary                TRS                  Reducing Short Position                                                          50,000                          GBP 3.3396
 10p ordinary                TRS                  Reducing Short Position                                                          2,803                           GBP 3.3485
 10p ordinary                TRS                  Reducing Short Position                                                          163,197                         GBP 3.3505
 10p ordinary                TRS                  Reducing Short Position                                                          114,981                         GBP 3.3920
 10p ordinary                TRS                  Reducing Short Position                                                          5,236                           GBP 3.4190
 10p ordinary                TRS                  Increasing Long Position                                                         19                              GBP 3.4380
 10p ordinary                TRS                  Increasing Short Position                                                        407,864                         GBP 3.4171
 10p ordinary                TRS                  Increasing Short Position                                                        6,650                           GBP 3.3964
 10p ordinary                TRS                  Increasing Short Position                                                        1,000,000                       GBP 3.4268
 10p ordinary                TRS                  Increasing Short Position                                                        750,000                         GBP 3.4277

 

(c) Stock-settled derivative transactions (including options)

 

(i) Writing, selling, purchasing or varying

 

 Class of relevant security  Product description  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. call option                                                                                                                        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

 

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:                                                          29 April 2024
 Contact name:                                                                Cathal McKenna
 Telephone number:                                                            02890 409544

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory
Information Service and must also be emailed to the Takeover Panel at
monitoring@disclosure.org.uk. The Panels Market Surveillance Unit is available
for consultation in relation to the Codes dealing disclosure requirements on
+44 (0)20 7638 0129.

 

The Code can be viewed on the Panels website at www.thetakeoverpanel.org.uk.

 

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