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

DS SmithAnnouncement

30/04/2024 08:30

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RNS Number : 5698M  Citigroup Global Markets Limited  30 April 2024

 

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 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              993,641                     GBP 4.4121                            GBP 3.3900
 10p ordinary                Purchase          2,392,336                   GBP 3.5160                            GBP 3.4023

 

(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                  Increasing Short Position                                                        648                             GBP 3.4023
 10p ordinary                TRS                  Increasing Short Position                                                        100,000                         GBP 3.4084
 10p ordinary                TRS                  Increasing Short Position                                                        124,256                         GBP 3.4104
 10p ordinary                TRS                  Increasing Short Position                                                        11,840                          GBP 3.4202
 10p ordinary                TRS                  Increasing Short Position                                                        204                             GBP 3.4980
 10p ordinary                TRS                  Increasing Short Position                                                        373,732                         GBP 3.5160
 10p ordinary                TRS                  Reducing Short Position                                                          80                              GBP 3.4356
 10p ordinary                TRS                  Reducing Short Position                                                          111,378                         GBP 3.4406
 10p ordinary                TRS                  Reducing Short Position                                                          62,075                          GBP 3.4809
 10p ordinary                TRS                  Reducing Short Position                                                          50,000                          GBP 3.4920
 10p ordinary                TRS                  Reducing Short Position                                                          95,123                          GBP 3.4936
 10p ordinary                TRS                  Reducing Short Position                                                          209,028                         GBP 3.4965
 10p ordinary                TRS                  Reducing Short Position                                                          27,089                          GBP 3.5025
 10p ordinary                TRS                  Reducing Short Position                                                          69,952                          GBP 3.5046
 10p ordinary                TRS                  Increasing Long Position                                                         115                             GBP 3.4720
 10p ordinary                TRS                  Increasing Long Position                                                         206                             GBP 3.4960
 10p ordinary                TRS                  Increasing Long Position                                                         95                              GBP 3.5040
 10p ordinary                TRS                  Increasing Long Position                                                         31                              GBP 3.5060
 10p ordinary                TRS                  Increasing Long Position                                                         196                             GBP 3.5080
 10p ordinary                TRS                  Increasing Long Position                                                         575                             GBP 3.5160
 10p ordinary                TRS                  Increasing Long Position                                                         95                              GBP 3.5180
 10p ordinary                TRS                  Reducing Long Position                                                           257,677                         GBP 3.4099
 10p ordinary                TRS                  Reducing Long Position                                                           211,807                         GBP 3.4228
 10p ordinary                TRS                  Reducing Long Position                                                           533,181                         GBP 3.5060
 10p ordinary                TRS                  Increasing Short Position                                                        500,000                         GBP 3.5049
 10p ordinary                TRS                  Increasing Short Position                                                        237,421                         GBP 3.5076

 

(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:                                                          30 April 2024
 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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