Form 8.5 (EPT/RI)

Citigroup Global Markets Limited

16 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 relates:  Use a separate form for each offeror/offeree	Mondi plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Mondi plc
(d) Date dealing undertaken:	15 April 2024
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?  If it is a cash offer or possible cash offer, state "N/A"	Smith (DS) plc & International Paper Company

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
EUR 0.22 ordinary	Sale	69,088	GBP 14.1725	GBP 14.0350
EUR 0.22 ordinary	Sale	15,322	ZAR 335.7650	ZAR 331.3450
EUR 0.22 ordinary	Purchase	56,201	ZAR 335.7650	ZAR 331.3450
EUR 0.22 ordinary	Purchase	40,962	GBP 14.1900	GBP 14.0350

(b) Cash-settled derivative transactions

Class of relevant security	Product description  e.g. CFD	Nature of dealing  e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
EUR 0.22 ordinary	TRS	Increasing Short Position	10	GBP 14.0890
EUR 0.22 ordinary	TRS	Increasing Short Position	548	GBP 14.1052
EUR 0.22 ordinary	TRS	Increasing Short Position	6,899	GBP 14.1391
EUR 0.22 ordinary	TRS	Increasing Short Position	1,617	GBP 14.1502
EUR 0.22 ordinary	TRS	Increasing Short Position	155	GBP 14.1659
EUR 0.22 ordinary	TRS	Reducing Short Position	6,521	GBP 14.0405
EUR 0.22 ordinary	TRS	Reducing Short Position	143	GBP 14.0917
EUR 0.22 ordinary	TRS	Reducing Short Position	566	GBP 14.1001
EUR 0.22 ordinary	TRS	Reducing Long Position	251	GBP 14.0350
EUR 0.22 ordinary	TRS	Reducing Long Position	42	GBP 14.0850
EUR 0.22 ordinary	TRS	Reducing Long Position	42	GBP 14.1000
EUR 0.22 ordinary	TRS	Reducing Long Position	42	GBP 14.1050
EUR 0.22 ordinary	TRS	Reducing Long Position	46	GBP 14.1500
EUR 0.22 ordinary	TRS	Reducing Long Position	57	GBP 14.1750
EUR 0.22 ordinary	TRS	Reducing Short Position	301	GBP 14.1064
EUR 0.22 ordinary	TRS	Reducing Short Position	44	GBP 14.1548
EUR 0.22 ordinary	TRS	Opening Long Position	539	GBP 14.0350

(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  e.g. American, European etc.	Expiry date	Option money paid/ received per unit

(ii) Exercise

Class of relevant security	Product description  e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing  e.g. subscription, conversion	Details	Price per unit (if applicable)

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:	16 April 2024
Contact name:	Cathal McKenna
Telephone number:	02890 409 544

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 [e-mail]. The Panels Market Surveillance Unit is available for consultation in relation to the Codes dealing disclosure requirements on [phone].

The Code can be viewed on the Panels website at www.thetakeoverpanel.org.uk.

 

END