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RNS Number : 3554R Goldman Sachs & Co. LLC 16 July 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: GOLDMAN SACHS & CO. LLC
(b) Owner or controller of interests and short positions disclosed, if
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 DUNDEE PRECIOUS METALS INC.
relates:
Use a separate form for each offeror/offeree
(d) If an exempt fund manager connected with an offeror/offeree, state this
and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken: 15 July 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 NO
disclosures in respect of any other party to the offer?
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: Common
Interests Short positions
Number % Number %
(1) Relevant securities owned and/or controlled: 201,449* 0.12 2,070,258* 1.24
(2) Cash-settled derivatives: 101,757 0.06 261,500 0.16
(3) Stock-settled derivatives (including options) and agreements to 770,600 0.46 0 0.00
purchase/sell:
1,073,806* 0.64 2,331,758* 1.40
TOTAL:
* GOLDMAN SACHS & CO. LLC resulting position includes changes resulting
from non-trade related activity.
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:
Details, including nature of the rights concerned and relevant percentages:
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 Purchase 98 22.4200 CAD
Common Purchase 800 22.4200 CAD
Common Purchase 400 22.4200 CAD
Common Purchase 821 22.4200 CAD
Common Purchase 14 22.4200 CAD
Common Purchase 500 22.4200 CAD
Common Purchase 1,812 22.4200 CAD
Common Sale 100 22.2400 CAD
Common Sale 100 22.2400 CAD
Common Sale 100 22.2400 CAD
Common Sale 100 22.2500 CAD
Common Sale 100 22.2500 CAD
Common Sale 200 22.2500 CAD
Common Sale 100 22.2600 CAD
Common Sale 100 22.2700 CAD
Common Sale 100 22.3200 CAD
Common Sale 100 22.3250 CAD
Common Sale 100 22.3300 CAD
Common Sale 100 22.3300 CAD
Common Sale 100 22.3300 CAD
Common Sale 100 22.3300 CAD
Common Sale 100 22.3400 CAD
Common Sale 100 22.3400 CAD
Common Sale 200 22.3400 CAD
Common Sale 100 22.3500 CAD
Common Sale 100 22.3500 CAD
Common Sale 100 22.3500 CAD
Common Sale 100 22.3500 CAD
Common Sale 100 22.3500 CAD
Common Sale 100 22.3500 CAD
Common Sale 100 22.3600 CAD
Common Sale 100 22.3600 CAD
Common Sale 200 22.3675 CAD
Common Sale 300 22.3700 CAD
Common Sale 100 22.3700 CAD
Common Sale 100 22.3700 CAD
Common Sale 200 22.3700 CAD
Common Sale 200 22.3700 CAD
Common Sale 100 22.3700 CAD
Common Sale 100 22.3700 CAD
Common Sale 100 22.3700 CAD
Common Sale 100 22.3700 CAD
Common Sale 100 22.3700 CAD
Common Sale 100 22.3700 CAD
Common Sale 100 22.3800 CAD
Common Sale 100 22.3800 CAD
Common Sale 100 22.3800 CAD
Common Sale 100 22.3800 CAD
Common Sale 100 22.3800 CAD
Common Sale 100 22.3800 CAD
Common Sale 100 22.3800 CAD
Common Sale 100 22.3900 CAD
Common Sale 100 22.3900 CAD
Common Sale 200 22.3900 CAD
Common Sale 69 22.3900 CAD
Common Sale 100 22.3900 CAD
Common Sale 100 22.3900 CAD
Common Sale 100 22.3900 CAD
Common Sale 100 22.3900 CAD
Common Sale 100 22.4000 CAD
Common Sale 100 22.4000 CAD
Common Sale 100 22.4000 CAD
Common Sale 100 22.4000 CAD
Common Sale 100 22.4000 CAD
Common Sale 100 22.4000 CAD
Common Sale 100 22.4000 CAD
Common Sale 100 22.4000 CAD
Common Sale 100 22.4050 CAD
Common Sale 100 22.4050 CAD
Common Sale 100 22.4100 CAD
Common Sale 100 22.4100 CAD
Common Sale 100 22.4100 CAD
Common Sale 100 22.4100 CAD
Common Sale 100 22.4100 CAD
Common Sale 100 22.4100 CAD
Common Sale 100 22.4100 CAD
Common Sale 100 22.4100 CAD
Common Sale 100 22.4100 CAD
Common Sale 100 22.4100 CAD
Common Sale 100 22.4100 CAD
Common Sale 100 22.4200 CAD
Common Sale 200 22.4200 CAD
Common Sale 200 22.4200 CAD
Common Sale 100 22.4200 CAD
Common Sale 100 22.4200 CAD
Common Sale 1 22.4200 CAD
Common Sale 100 22.4200 CAD
Common Sale 100 22.4200 CAD
Common Sale 98 22.4200 CAD
Common Sale 100 22.4200 CAD
Common Sale 100 22.4200 CAD
Common Sale 100 22.4200 CAD
Common Sale 100 22.4200 CAD
Common Sale 100 22.4200 CAD
Common Sale 1 22.4200 CAD
Common Sale 100 22.4200 CAD
Common Sale 100 22.4200 CAD
Common Sale 800 22.4200 CAD
Common Sale 100 22.4200 CAD
Common Sale 100 22.4200 CAD
Common Sale 21 22.4200 CAD
Common Sale 100 22.4200 CAD
Common Sale 100 22.4200 CAD
Common Sale 100 22.4200 CAD
Common Sale 200 22.4200 CAD
Common Sale 200 22.4200 CAD
Common Sale 821 22.4200 CAD
Common Sale 100 22.4200 CAD
Common Sale 100 22.4200 CAD
Common Sale 100 22.4200 CAD
Common Sale 1,714 22.4200 CAD
Common Sale 100 22.4300 CAD
Common Sale 100 22.4300 CAD
Common Sale 100 22.4300 CAD
Common Sale 100 22.4300 CAD
Common Sale 100 22.4300 CAD
Common Sale 100 22.4300 CAD
Common Sale 100 22.4300 CAD
Common Sale 100 22.4300 CAD
Common Sale 100 22.4300 CAD
Common Sale 100 22.4300 CAD
Common Sale 100 22.4300 CAD
Common Sale 100 22.4300 CAD
Common Sale 100 22.4300 CAD
Common Sale 100 22.4400 CAD
Common Sale 100 22.4400 CAD
Common Sale 100 22.4400 CAD
Common Sale 100 22.4400 CAD
Common Sale 100 22.4400 CAD
Common Sale 100 22.4400 CAD
Common Sale 200 22.4400 CAD
Common Sale 100 22.4400 CAD
Common Sale 100 22.4500 CAD
Common Sale 100 22.4500 CAD
Common Sale 100 22.4500 CAD
Common Sale 100 22.4500 CAD
Common Sale 100 22.4600 CAD
Common Sale 100 22.4600 CAD
Common Sale 3,500 22.4603 CAD
Common Sale 5,500 22.4609 CAD
Common Sale 200 22.4700 CAD
Common Sale 100 22.4700 CAD
Common Sale 100 22.4700 CAD
Common Sale 100 22.4700 CAD
Common Sale 100 22.4700 CAD
Common Sale 200 22.4700 CAD
Common Sale 100 22.4800 CAD
Common Sale 100 22.4800 CAD
Common Sale 3,469 22.4877 CAD
Common Sale 3,700 22.4889 CAD
Common Sale 100 22.4900 CAD
Common Sale 100 22.4900 CAD
Common Sale 3,500 22.4929 CAD
Common Sale 4,000 22.4973 CAD
Common Sale 100 22.5000 CAD
Common Sale 100 22.5000 CAD
Common Sale 100 22.5000 CAD
Common Sale 200 22.5000 CAD
Common Sale 200 22.5000 CAD
Common Sale 100 22.5100 CAD
Common Sale 100 22.5100 CAD
Common Sale 200 22.5100 CAD
Common Sale 100 22.5200 CAD
Common Sale 100 22.5200 CAD
Common Sale 100 22.5200 CAD
Common Sale 200 22.5200 CAD
Common Sale 100 22.5200 CAD
Common Sale 100 22.5300 CAD
Common Sale 100 22.5350 CAD
Common Sale 100 22.5350 CAD
Common Sale 100 22.5350 CAD
Common Sale 200 22.5400 CAD
Common Sale 100 22.5400 CAD
Common Sale 100 22.5400 CAD
Common Sale 100 22.5400 CAD
Common Sale 100 22.5500 CAD
Common Sale 100 22.5500 CAD
Common Sale 100 22.5500 CAD
Common Sale 200 22.5600 CAD
Common Sale 100 22.5600 CAD
Common Sale 100 22.5600 CAD
Common Sale 100 22.5600 CAD
Common Sale 100 22.5600 CAD
Common Sale 100 22.5600 CAD
Common Sale 100 22.5600 CAD
Common Sale 100 22.5700 CAD
Common Sale 100 22.5700 CAD
Common Sale 100 22.5700 CAD
Common Sale 100 22.5700 CAD
Common Sale 100 22.5700 CAD
Common Sale 100 22.5800 CAD
Common Sale 100 22.5800 CAD
Common Sale 100 22.5900 CAD
Common Sale 100 22.5900 CAD
Common Sale 100 22.5900 CAD
Common Sale 100 22.6000 CAD
Common Sale 100 22.6000 CAD
Common Sale 100 22.6000 CAD
Common Sale 100 22.6100 CAD
Common Sale 100 22.6100 CAD
Common Sale 100 22.6300 CAD
Common Sale 200 22.6300 CAD
Common Sale 100 22.6400 CAD
Common Sale 100 22.6400 CAD
Common Sale 100 22.6400 CAD
Common Sale 100 22.6400 CAD
Common Sale 200 22.6400 CAD
Common Sale 100 22.6400 CAD
Common Sale 100 22.6500 CAD
Common Sale 100 22.6500 CAD
Common Sale 100 22.6500 CAD
Common Sale 100 22.6500 CAD
Common Sale 100 22.6500 CAD
Common Sale 100 22.6500 CAD
Common Sale 100 22.6550 CAD
Common Sale 100 22.6700 CAD
Common Sale 100 22.6700 CAD
Common Sale 100 22.6700 CAD
Common Sale 200 22.6700 CAD
Common Sale 100 22.6700 CAD
Common Sale 100 22.6700 CAD
Common Sale 100 22.6800 CAD
Common Sale 100 22.6800 CAD
Common Sale 100 22.6800 CAD
Common Sale 100 22.6800 CAD
Common Sale 100 22.6900 CAD
Common Sale 100 22.6900 CAD
Common Sale 100 22.6900 CAD
Common Sale 100 22.6900 CAD
Common Sale 100 22.6900 CAD
Common Sale 100 22.7100 CAD
Common Sale 100 22.7100 CAD
Common Sale 100 22.7100 CAD
Common Sale 100 22.7100 CAD
Common Sale 100 22.7700 CAD
Common Sale 100 22.7800 CAD
Common Sale 100 22.7800 CAD
Common Sale 100 22.7800 CAD
Common Sale 100 22.8000 CAD
(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 a short position 400 22.4682 CAD
Common CFD Increasing a long position 6,014 22.4728 CAD
Common CFD Increasing a long position 3,686 22.4728 CAD
Common CFD Increasing a long position 184 22.4969 CAD
Common CFD Increasing a long position 254 22.4969 CAD
Common CFD Increasing a long position 89 22.4969 CAD
Common CFD Increasing a long position 146 22.4969 CAD
Common CFD Increasing a long position 155 22.4969 CAD
Common CFD Increasing a long position 219 22.4969 CAD
Common CFD Increasing a long position 222 22.4969 CAD
(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? YES
Date of disclosure: 16 July 2025
Contact name: Papa Lette and Andrzej Szyszka
Telephone number*: +33(1) 4212 1459 / +48(22) 317 4817
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) .
SUPPLEMENTAL FORM 8(OPEN POSITIONS)
DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS,
AGREEMENT TO
PURCHASE OR SELL ETC.
Note 5(i) on Rule 8 of the Takeover Code (the "Code")
1. KEY INFORMATION
Full name of person making disclosure: GOLDMAN SACHS & CO. LLC
Name of offeror/offeree in relation to whose relevant securities DUNDEE PRECIOUS METALS INC.
disclosure relates:
2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)
Class of relevant security Product description e.g. call option Written or purchased Number of securities to which option or derivative relates Exercise price per unit Type Expiry date
e.g. American, European etc.
Common Call Option Purchased 21,000 19.0000 CAD EURO 17/10/2025
Common Call Option Sold 21,000 19.0000 CAD EURO 17/10/2025
Common Call Option Purchased 21,000 19.0000 CAD EURO 17/10/2025
Common Call Option Purchased 35,000 19.0000 CAD EURO 18/07/2025
Common Call Option Sold 35,000 19.0000 CAD EURO 18/07/2025
Common Call Option Purchased 35,000 19.0000 CAD EURO 18/07/2025
Common Call Option Purchased 45,000 19.0000 CAD EURO 19/12/2025
Common Call Option Sold 45,000 19.0000 CAD EURO 19/12/2025
Common Call Option Purchased 45,000 19.0000 CAD EURO 19/12/2025
Common Call Option Purchased 154,000 19.0000 CAD EURO 17/10/2025
Common Call Option Purchased 154,000 19.0000 CAD EURO 17/10/2025
Common Call Option Sold 154,000 19.0000 CAD EURO 17/10/2025
Common Call Option Purchased 248,600 19.0000 CAD EURO 19/12/2025
Common Call Option Sold 248,600 19.0000 CAD EURO 19/12/2025
Common Call Option Purchased 248,600 19.0000 CAD EURO 19/12/2025
Common Call Option Purchased 267,000 19.0000 CAD EURO 18/07/2025
Common Call Option Sold 267,000 19.0000 CAD EURO 18/07/2025
Common Call Option Purchased 267,000 19.0000 CAD EURO 18/07/2025
3. AGREEMENTS TO PURCHASE OR SELL
Full details should be given so that the nature of the interest or position
can be fully understood:
It is not necessary to provide details on a Supplement form (Open Positions)
with regard to cash-settled derivatives.
The currency of all pieces and other monetary amounts should be stated.
The Panel's Market Surveillance Unit is available for consultation in relation
to the Code's disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk
(http://www.thetakeoverpanel.org.uk) .
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