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

DS SmithAnnouncement

31/01/2025 08:30

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RNS Number : 4531V  Citigroup Global Markets Limited  31 January 2025

 

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:                                                    30 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              3,785,351                   GBP 5.9942                            GBP 5.7055
 10p ordinary                Purchase          2,464,961                   GBP 5.9975                            GBP 5.6800

 

(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                                                        393,504                         GBP 5.8510
 10p ordinary                TRS                  Reducing Long Position                                                           393,504                         GBP 5.8510
 10p ordinary                TRS                  Increasing Short Position                                                        424,720                         GBP 5.8513
 10p ordinary                TRS                  Reducing Long Position                                                           424,720                         GBP 5.8513
 10p ordinary                TRS                  Increasing Short Position                                                        179,928                         GBP 5.8716
 10p ordinary                TRS                  Reducing Long Position                                                           179,928                         GBP 5.8716
 10p ordinary                TRS                  Increasing Short Position                                                        65                              GBP 5.8857
 10p ordinary                TRS                  Reducing Long Position                                                           65                              GBP 5.8857
 10p ordinary                TRS                  Increasing Short Position                                                        161,516                         GBP 5.9660
 10p ordinary                TRS                  Reducing Long Position                                                           161,516                         GBP 5.9660
 10p ordinary                TRS                  Increasing Short Position                                                        12                              GBP 5.9858
 10p ordinary                TRS                  Reducing Long Position                                                           12                              GBP 5.9858
 10p ordinary                TRS                  Increasing Long Position                                                         11,217                          GBP 5.7312
 10p ordinary                TRS                  Reducing Short Position                                                          11,217                          GBP 5.7312
 10p ordinary                TRS                  Increasing Long Position                                                         12,141                          GBP 5.7480
 10p ordinary                TRS                  Reducing Short Position                                                          12,141                          GBP 5.7480
 10p ordinary                TRS                  Increasing Long Position                                                         93,048                          GBP 5.8952
 10p ordinary                TRS                  Reducing Short Position                                                          93,048                          GBP 5.8952
 10p ordinary                TRS                  Increasing Long Position                                                         70,145                          GBP 5.9880
 10p ordinary                TRS                  Reducing Short Position                                                          70,145                          GBP 5.9880
 10p ordinary                TRS                  Increasing Long Position                                                         42,782                          GBP 5.9881
 10p ordinary                TRS                  Reducing Short Position                                                          42,782                          GBP 5.9881
 10p ordinary                TRS                  Increasing Long Position                                                         26                              GBP 5.9942
 10p ordinary                TRS                  Reducing Short Position                                                          26                              GBP 5.9942
 10p ordinary                TRS                  Reducing Short Position                                                          84,830                          GBP 5.7055
 10p ordinary                TRS                  Reducing Short Position                                                          12,606                          GBP 5.7282
 10p ordinary                TRS                  Reducing Short Position                                                          41,446                          GBP 5.8002
 10p ordinary                TRS                  Reducing Short Position                                                          55,222                          GBP 5.8002
 10p ordinary                TRS                  Closing Short Position                                                           3,196,572                       GBP 5.9700
 10p ordinary                TRS                  Increasing Short Position                                                        237                             GBP 5.8850

 

(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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