Form 8.5 (EPT/RI)

Citigroup Global Markets Limited

09 February 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	DS Smith plc
(c) Name of the party to the offer with which exempt principal trader is connected:	DS Smith plc
(d) Date dealing undertaken:	08 February 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"	Mondi plc

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	7,736,234	GBP 3.2080	GBP 2.8400
10p ordinary	Purchase	2,491,675	GBP 3.2046	GBP 2.8520

(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
10p ordinary	TRS	Opening Short Position	741,350	GBP 3.1359
10p ordinary	TRS	Opening Short Position	25,914	GBP 3.0976
10p ordinary	TRS	Opening Long Position	1,003	GBP 3.8499
10p ordinary	TRS	Reducing Short Position	100,441	GBP 3.1349
10p ordinary	TRS	Reducing Short Position	9,614	GBP 3.1337
10p ordinary	TRS	Reducing Short Position	196,013	GBP 3.1314
10p ordinary	TRS	Reducing Short Position	10,927	GBP 3.1303
10p ordinary	TRS	Reducing Short Position	8,671	GBP 3.1125
10p ordinary	TRS	Reducing Short Position	52,242	GBP 3.1115
10p ordinary	TRS	Reducing Short Position	10,741	GBP 3.1083
10p ordinary	TRS	Reducing Short Position	10,407	GBP 3.1004
10p ordinary	TRS	Reducing Short Position	872	GBP 3.0991
10p ordinary	TRS	Reducing Short Position	48,435	GBP 3.0990
10p ordinary	TRS	Reducing Short Position	179	GBP 3.0886
10p ordinary	TRS	Reducing Short Position	43,029	GBP 3.0822
10p ordinary	TRS	Reducing Short Position	24,428	GBP 3.0756
10p ordinary	TRS	Reducing Short Position	7,791	GBP 3.0416
10p ordinary	TRS	Reducing Short Position	6,072	GBP 2.9179
10p ordinary	TRS	Reducing Short Position	877	GBP 2.8521
10p ordinary	TRS	Reducing Short Position	885	GBP 2.8520
10p ordinary	TRS	Increasing Short Position	10,197	GBP 3.1257
10p ordinary	TRS	Increasing Short Position	28,513	GBP 3.1177
10p ordinary	TRS	Reducing Long Position	766	GBP 3.0145
10p ordinary	TRS	Reducing Long Position	702	GBP 2.9840
10p ordinary	TRS	Reducing Long Position	992	GBP 2.9744
10p ordinary	TRS	Reducing Long Position	1	GBP 2.9640
10p ordinary	TRS	Reducing Short Position	1,1335	GBP 3.1540
10p ordinary	TRS	Reducing Short Position	2,993	GBP 3.1490
10p ordinary	TRS	Reducing Short Position	11,860	GBP 3.1469
10p ordinary	TRS	Reducing Short Position	1,053	GBP 3.1443
10p ordinary	TRS	Reducing Short Position	41,483	GBP 3.1436
10p ordinary	TRS	Reducing Short Position	1,877,326	GBP 3.1363
10p ordinary	TRS	Reducing Short Position	15,030	GBP 3.1355
10p ordinary	TRS	Reducing Short Position	493,391	GBP 3.1317
10p ordinary	TRS	Reducing Short Position	3.651	GBP 3.1261
10p ordinary	TRS	Reducing Short Position	17,761	GBP 3.1233
10p ordinary	TRS	Reducing Short Position	7,602	GBP 3.1219
10p ordinary	TRS	Reducing Short Position	11,416	GBP 3.1208
10p ordinary	TRS	Reducing Short Position	674	GBP 3.1192
10p ordinary	TRS	Reducing Short Position	643,861	GBP 3.1162
10p ordinary	TRS	Reducing Short Position	7,035	GBP 3.1158
10p ordinary	TRS	Reducing Short Position	64,329	GBP 3.1140
10p ordinary	TRS	Reducing Short Position	28,434	GBP 3.1048
10p ordinary	TRS	Reducing Short Position	11,434	GBP 3.0988
10p ordinary	TRS	Reducing Short Position	195,609	GBP 3.0913
10p ordinary	TRS	Reducing Short Position	2,133,316	GBP 3.0872
10p ordinary	TRS	Reducing Short Position	19,168	GBP 3.0860
10p ordinary	TRS	Reducing Short Position	6,238	GBP 3.0860
10p ordinary	TRS	Reducing Short Position	1,774	GBP 3.0860
10p ordinary	TRS	Reducing Short Position	446,421	GBP 3.0833
10p ordinary	TRS	Reducing Short Position	114,030	GBP 3.0806
10p ordinary	TRS	Reducing Short Position	85,209	GBP 3.0768
10p ordinary	TRS	Reducing Short Position	279,088	GBP 3.0561
10p ordinary	TRS	Reducing Short Position	56,079	GBP 3.0436
10p ordinary	TRS	Reducing Short Position	234,602	GBP 3.0435
10p ordinary	TRS	Reducing Short Position	1,751	GBP 3.0276
10p ordinary	TRS	Reducing Short Position	240,900	GBP 2.9979
10p ordinary	TRS	Reducing Short Position	133,491	GBP 2.9686
10p ordinary	TRS	Reducing Short Position	5,930	GBP 2.9573
10p ordinary	TRS	Reducing Short Position	50,959	GBP 2.9378
10p ordinary	TRS	Closing Long Position	18.752	GBP 3.1314
10p ordinary	TRS	Closing Long Position	13	GBP 3.1108
10p ordinary	TRS	Closing Long Position	10	GBP 3.1101
10p ordinary	TRS	Closing Long Position	12,548	GBP 3.0926

(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:	09 February 2024
Contact name:	Christopher Alexander Pollock
Telephone number:	02895 954 053

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