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RNS Number : 2891S Goldman Sachs & Co. LLC 23 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: 22 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: 201,447* 0.12 2,079,046* 1.25
(2) Cash-settled derivatives: 156,477 0.09 269,000 0.16
(3) Stock-settled derivatives (including options) and agreements to 740,100 0.44 0 0.00
purchase/sell:
1,098,024* 0.66 2,348,046* 1.41
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 700 23.4900 CAD
Common Purchase 200 23.4900 CAD
Common Purchase 400 23.4900 CAD
Common Purchase 500 23.4920 CAD
Common Purchase 100 23.5000 CAD
Common Purchase 100 23.5000 CAD
Common Purchase 100 23.5000 CAD
Common Purchase 1,100 23.5018 CAD
Common Purchase 600 23.5117 CAD
Common Purchase 300 23.5300 CAD
Common Purchase 300 23.5300 CAD
Common Purchase 200 23.5400 CAD
Common Purchase 200 23.5400 CAD
Common Sale 100 23.1200 CAD
Common Sale 100 23.1400 CAD
Common Sale 100 23.1400 CAD
Common Sale 200 23.1700 CAD
Common Sale 100 23.1700 CAD
Common Sale 100 23.1700 CAD
Common Sale 100 23.1700 CAD
Common Sale 100 23.1700 CAD
Common Sale 100 23.1900 CAD
Common Sale 100 23.1900 CAD
Common Sale 200 23.1900 CAD
Common Sale 100 23.1900 CAD
Common Sale 100 23.1900 CAD
Common Sale 100 23.1900 CAD
Common Sale 100 23.2000 CAD
Common Sale 100 23.2000 CAD
Common Sale 100 23.2000 CAD
Common Sale 100 23.2000 CAD
Common Sale 200 23.2000 CAD
Common Sale 100 23.2000 CAD
Common Sale 100 23.2000 CAD
Common Sale 100 23.2000 CAD
Common Sale 100 23.2000 CAD
Common Sale 100 23.2000 CAD
Common Sale 100 23.2100 CAD
Common Sale 100 23.2100 CAD
Common Sale 100 23.2100 CAD
Common Sale 100 23.2200 CAD
Common Sale 100 23.2200 CAD
Common Sale 100 23.2200 CAD
Common Sale 100 23.2200 CAD
Common Sale 100 23.2200 CAD
Common Sale 100 23.2300 CAD
Common Sale 100 23.2300 CAD
Common Sale 200 23.2300 CAD
Common Sale 100 23.2300 CAD
Common Sale 100 23.2300 CAD
Common Sale 100 23.2300 CAD
Common Sale 100 23.2300 CAD
Common Sale 100 23.2300 CAD
Common Sale 200 23.2400 CAD
Common Sale 100 23.2400 CAD
Common Sale 200 23.2400 CAD
Common Sale 100 23.2500 CAD
Common Sale 100 23.2500 CAD
Common Sale 100 23.2500 CAD
Common Sale 100 23.2500 CAD
Common Sale 100 23.2500 CAD
Common Sale 100 23.2600 CAD
Common Sale 100 23.2600 CAD
Common Sale 100 23.2600 CAD
Common Sale 100 23.2600 CAD
Common Sale 100 23.2700 CAD
Common Sale 100 23.2800 CAD
Common Sale 100 23.2800 CAD
Common Sale 200 23.2800 CAD
Common Sale 100 23.2800 CAD
Common Sale 100 23.2900 CAD
Common Sale 100 23.2900 CAD
Common Sale 100 23.2900 CAD
Common Sale 100 23.3000 CAD
Common Sale 100 23.3300 CAD
Common Sale 100 23.3400 CAD
Common Sale 100 23.3400 CAD
Common Sale 200 23.3400 CAD
Common Sale 100 23.3400 CAD
Common Sale 100 23.3400 CAD
Common Sale 100 23.3400 CAD
Common Sale 3,526 23.3462 CAD
Common Sale 100 23.3500 CAD
Common Sale 100 23.3500 CAD
Common Sale 100 23.3500 CAD
Common Sale 100 23.3500 CAD
Common Sale 100 23.3500 CAD
Common Sale 100 23.3500 CAD
Common Sale 100 23.3500 CAD
Common Sale 100 23.3600 CAD
Common Sale 100 23.3600 CAD
Common Sale 100 23.3700 CAD
Common Sale 100 23.3700 CAD
Common Sale 100 23.3700 CAD
Common Sale 100 23.3700 CAD
Common Sale 100 23.3700 CAD
Common Sale 200 23.3700 CAD
Common Sale 100 23.3800 CAD
Common Sale 3,900 23.3815 CAD
Common Sale 100 23.3900 CAD
Common Sale 100 23.3900 CAD
Common Sale 100 23.3900 CAD
Common Sale 100 23.3900 CAD
Common Sale 26 23.3900 CAD
Common Sale 100 23.3900 CAD
Common Sale 100 23.3900 CAD
Common Sale 100 23.3900 CAD
Common Sale 100 23.3900 CAD
Common Sale 100 23.3900 CAD
Common Sale 100 23.3900 CAD
Common Sale 100 23.3950 CAD
Common Sale 100 23.3950 CAD
Common Sale 200 23.4000 CAD
Common Sale 100 23.4000 CAD
Common Sale 100 23.4000 CAD
Common Sale 100 23.4000 CAD
Common Sale 200 23.4000 CAD
Common Sale 100 23.4000 CAD
Common Sale 100 23.4000 CAD
Common Sale 100 23.4000 CAD
Common Sale 100 23.4000 CAD
Common Sale 100 23.4000 CAD
Common Sale 100 23.4000 CAD
Common Sale 100 23.4000 CAD
Common Sale 100 23.4000 CAD
Common Sale 100 23.4000 CAD
Common Sale 100 23.4000 CAD
Common Sale 100 23.4000 CAD
Common Sale 100 23.4000 CAD
Common Sale 5,100 23.4004 CAD
Common Sale 100 23.4050 CAD
Common Sale 5,200 23.4054 CAD
Common Sale 100 23.4100 CAD
Common Sale 100 23.4100 CAD
Common Sale 100 23.4100 CAD
Common Sale 100 23.4100 CAD
Common Sale 100 23.4100 CAD
Common Sale 200 23.4100 CAD
Common Sale 100 23.4100 CAD
Common Sale 100 23.4100 CAD
Common Sale 100 23.4100 CAD
Common Sale 100 23.4100 CAD
Common Sale 100 23.4100 CAD
Common Sale 100 23.4100 CAD
Common Sale 100 23.4200 CAD
Common Sale 100 23.4200 CAD
Common Sale 200 23.4200 CAD
Common Sale 5,900 23.4225 CAD
Common Sale 100 23.4300 CAD
Common Sale 4,200 23.4348 CAD
Common Sale 100 23.4350 CAD
Common Sale 100 23.4350 CAD
Common Sale 100 23.4350 CAD
Common Sale 100 23.4350 CAD
Common Sale 100 23.4400 CAD
Common Sale 100 23.4400 CAD
Common Sale 100 23.4400 CAD
Common Sale 100 23.4400 CAD
Common Sale 100 23.4400 CAD
Common Sale 100 23.4400 CAD
Common Sale 200 23.4400 CAD
Common Sale 100 23.4400 CAD
Common Sale 100 23.4400 CAD
Common Sale 100 23.4400 CAD
Common Sale 100 23.4400 CAD
Common Sale 200 23.4425 CAD
Common Sale 100 23.4450 CAD
Common Sale 100 23.4450 CAD
Common Sale 100 23.4500 CAD
Common Sale 100 23.4500 CAD
Common Sale 100 23.4500 CAD
Common Sale 100 23.4500 CAD
Common Sale 100 23.4500 CAD
Common Sale 100 23.4500 CAD
Common Sale 100 23.4500 CAD
Common Sale 100 23.4500 CAD
Common Sale 100 23.4500 CAD
Common Sale 100 23.4500 CAD
Common Sale 100 23.4500 CAD
Common Sale 100 23.4500 CAD
Common Sale 100 23.4500 CAD
Common Sale 100 23.4500 CAD
Common Sale 100 23.4600 CAD
Common Sale 100 23.4600 CAD
Common Sale 100 23.4600 CAD
Common Sale 100 23.4600 CAD
Common Sale 200 23.4700 CAD
Common Sale 100 23.4700 CAD
Common Sale 100 23.4700 CAD
Common Sale 100 23.4800 CAD
Common Sale 100 23.4800 CAD
Common Sale 100 23.4800 CAD
Common Sale 2 23.4800 CAD
Common Sale 2 23.4800 CAD
Common Sale 100 23.4800 CAD
Common Sale 100 23.4800 CAD
Common Sale 100 23.4800 CAD
Common Sale 100 23.4800 CAD
Common Sale 200 23.4800 CAD
Common Sale 100 23.4800 CAD
Common Sale 100 23.4800 CAD
Common Sale 100 23.4800 CAD
Common Sale 100 23.4800 CAD
Common Sale 100 23.4900 CAD
Common Sale 100 23.4900 CAD
Common Sale 100 23.4900 CAD
Common Sale 100 23.4900 CAD
Common Sale 100 23.4900 CAD
Common Sale 100 23.4900 CAD
Common Sale 100 23.4900 CAD
Common Sale 100 23.4900 CAD
Common Sale 100 23.5000 CAD
Common Sale 100 23.5000 CAD
Common Sale 100 23.5000 CAD
Common Sale 100 23.5000 CAD
Common Sale 100 23.5000 CAD
Common Sale 200 23.5000 CAD
Common Sale 100 23.5000 CAD
Common Sale 100 23.5000 CAD
Common Sale 100 23.5000 CAD
Common Sale 100 23.5000 CAD
Common Sale 100 23.5000 CAD
Common Sale 200 23.5000 CAD
Common Sale 100 23.5000 CAD
Common Sale 100 23.5000 CAD
Common Sale 100 23.5000 CAD
Common Sale 100 23.5000 CAD
Common Sale 100 23.5000 CAD
Common Sale 100 23.5000 CAD
Common Sale 100 23.5000 CAD
Common Sale 100 23.5000 CAD
Common Sale 100 23.5000 CAD
Common Sale 100 23.5000 CAD
Common Sale 100 23.5000 CAD
Common Sale 100 23.5000 CAD
Common Sale 100 23.5000 CAD
Common Sale 100 23.5100 CAD
Common Sale 100 23.5100 CAD
Common Sale 100 23.5100 CAD
Common Sale 100 23.5100 CAD
Common Sale 100 23.5100 CAD
Common Sale 100 23.5100 CAD
Common Sale 100 23.5100 CAD
Common Sale 100 23.5100 CAD
Common Sale 100 23.5200 CAD
Common Sale 200 23.5200 CAD
Common Sale 100 23.5200 CAD
Common Sale 100 23.5200 CAD
Common Sale 100 23.5200 CAD
Common Sale 100 23.5200 CAD
Common Sale 100 23.5200 CAD
Common Sale 100 23.5200 CAD
Common Sale 100 23.5200 CAD
Common Sale 100 23.5200 CAD
Common Sale 100 23.5200 CAD
Common Sale 100 23.5200 CAD
Common Sale 100 23.5200 CAD
Common Sale 100 23.5200 CAD
Common Sale 100 23.5200 CAD
Common Sale 100 23.5200 CAD
Common Sale 100 23.5200 CAD
Common Sale 100 23.5300 CAD
Common Sale 200 23.5300 CAD
Common Sale 100 23.5300 CAD
Common Sale 100 23.5300 CAD
Common Sale 100 23.5300 CAD
Common Sale 200 23.5300 CAD
Common Sale 100 23.5300 CAD
Common Sale 200 23.5300 CAD
Common Sale 100 23.5300 CAD
Common Sale 100 23.5300 CAD
Common Sale 100 23.5300 CAD
Common Sale 100 23.5400 CAD
Common Sale 100 23.5400 CAD
Common Sale 100 23.5400 CAD
Common Sale 100 23.5400 CAD
Common Sale 100 23.5400 CAD
Common Sale 100 23.5400 CAD
Common Sale 100 23.5700 CAD
Common Sale 100 23.5700 CAD
Common Sale 100 23.5700 CAD
Common Sale 100 23.5900 CAD
Common Sale 100 23.5900 CAD
Common Sale 100 23.5900 CAD
Common Sale 100 23.6000 CAD
Common Sale 100 23.6000 CAD
Common Sale 100 23.6000 CAD
Common Sale 100 23.6000 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 long position 136 23.3936 CAD
Common CFD Increasing a long position 186 23.3936 CAD
Common CFD Increasing a long position 65 23.3936 CAD
Common CFD Increasing a long position 106 23.3936 CAD
Common CFD Increasing a long position 112 23.3936 CAD
Common CFD Increasing a long position 160 23.3936 CAD
Common CFD Increasing a long position 161 23.3936 CAD
Common CFD Increasing a long position 7,502 23.3986 CAD
Common CFD Increasing a long position 4,598 23.3986 CAD
Common CFD Reducing a long position 174 23.4030 CAD
Common CFD Reducing a long position 463 23.4030 CAD
Common CFD Reducing a long position 463 23.4030 CAD
Common CFD Reducing a long position 400 23.4463 CAD
Common CFD Reducing a long position 100 23.4463 CAD
Common CFD Reducing a long position 400 23.4463 CAD
Common CFD Reducing a long position 2,200 23.5035 CAD
Common CFD Increasing a short position 300 23.5307 CAD
Common CFD Reducing a long position 200 23.5412 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: 23 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 31,500 23.0000 CAD EURO 20/02/2026
Common Call Option Sold 31,500 23.0000 CAD EURO 20/02/2026
Common Call Option Purchased 31,500 23.0000 CAD EURO 20/02/2026
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 Sold 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 Purchased 240,000 23.0000 CAD EURO 20/02/2026
Common Call Option Sold 240,000 23.0000 CAD EURO 20/02/2026
Common Call Option Purchased 240,000 23.0000 CAD EURO 20/02/2026
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
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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