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

DS SmithAnnouncement

31/01/2025 08:15

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RNS Number : 4507V  Citigroup Global Markets Limited  31 January 2025

 Amendment to section 2(a) & (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:                                                    29 January 2025
 (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              2,606,925                   GBP 6.0700                            GBP 5.9550
 10p ordinary                Purchase          331,696                     GBP 6.0749                            GBP 5.9700

 

(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                  Closing Short Position                                                           92,980                          GBP 5.9700
 10p ordinary                TRS                  Reducing Short Position                                                          553,963                         GBP 6.0158
 10p ordinary                TRS                  Increasing Short Position                                                        1,009                           GBP 6.0100
 10p ordinary                TRS                  Increasing Short Position                                                        621                             GBP 6.0125
 10p ordinary                TRS                  Increasing Short Position                                                        965                             GBP 6.0150
 10p ordinary                TRS                  Increasing Short Position                                                        68                              GBP 6.0200
 10p ordinary                TRS                  Increasing Short Position                                                        593                             GBP 5.9700
 10p ordinary                TRS                  Increasing Short Position                                                        580                             GBP 5.9875
 10p ordinary                TRS                  Increasing Short Position                                                        1,327                           GBP 5.9900
 10p ordinary                TRS                  Increasing Short Position                                                        81                              GBP 5.9925
 10p ordinary                TRS                  Increasing Short Position                                                        1,315                           GBP 5.9950
 10p ordinary                TRS                  Increasing Short Position                                                        563                             GBP 6.0000
 10p ordinary                TRS                  Increasing Short Position                                                        100,000                         GBP 5.9930
 10p ordinary                TRS                  Reducing Long Position                                                           100,000                         GBP 5.9930
 10p ordinary                TRS                  Increasing Short Position                                                        61,874                          GBP 6.0308
 10p ordinary                TRS                  Reducing Long Position                                                           61,874                          GBP 6.0308
 10p ordinary                TRS                  Increasing Short Position                                                        40                              GBP 6.0408
 10p ordinary                TRS                  Reducing Long Position                                                           40                              GBP 6.0408
 10p ordinary                TRS                  Increasing Short Position                                                        132,752                         GBP 6.0749
 10p ordinary                TRS                  Reducing Long Position                                                           132,752                         GBP 6.0749
 10p ordinary                TRS                  Increasing Long Position                                                         2,948                           GBP 5.9562
 10p ordinary                TRS                  Reducing Short Position                                                          2,948                           GBP 5.9562
 10p ordinary                TRS                  Increasing Long Position                                                         3,902                           GBP 5.9658
 10p ordinary                TRS                  Reducing Short Position                                                          3,902                           GBP 5.9658
 10p ordinary                TRS                  Increasing Long Position                                                         125,802                         GBP 5.9901
 10p ordinary                TRS                  Reducing Short Position                                                          125,802                         GBP 5.9901
 10p ordinary                TRS                  Increasing Long Position                                                         521,050                         GBP 5.9932
 10p ordinary                TRS                  Reducing Short Position                                                          521,050                         GBP 5.9932
 10p ordinary                TRS                  Increasing Long Position                                                         5,673                           GBP 5.9938
 10p ordinary                TRS                  Reducing Short Position                                                          5,673                           GBP 5.9938
 10p ordinary                TRS                  Increasing Long Position                                                         267,953                         GBP 6.0064
 10p ordinary                TRS                  Reducing Short Position                                                          267,953                         GBP 6.0064
 10p ordinary                TRS                  Increasing Long Position                                                         456,994                         GBP 6.0135
 10p ordinary                TRS                  Reducing Short Position                                                          456,994                         GBP 6.0135
 10p ordinary                TRS                  Reducing Short Position                                                          4,180                           GBP 5.9982

 

(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:                                                          31 January 2025
 Contact name:                                                                Craig Watson
 Telephone number:                                                            02890 409 605

 

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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