Form 8.5 (EPT/RI)

Citigroup Global Markets Limited

20 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	Smith (DS) plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Smith (DS) plc
(d) Date dealing undertaken:	19 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	468,080	GBP 3.2927	GBP 3.2700
10p ordinary	Purchase	332,500	GBP 3.2870	GBP 3.2726

(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	Reducing Short Position	1,433	GBP 3.2740
10p ordinary	TRS	Reducing Short Position	19,130	GBP 3.2773
10p ordinary	TRS	Increasing Short Position	2,116	GBP 3.2726
10p ordinary	TRS	Increasing Short Position	6,454	GBP 3.2760
10p ordinary	TRS	Increasing Short Position	17,846	GBP 3.2761
10p ordinary	TRS	Increasing Short Position	8,645	GBP 3.2790
10p ordinary	TRS	Increasing Short Position	4,210	GBP 3.2807
10p ordinary	TRS	Increasing Short Position	9,053	GBP 3.2832
10p ordinary	TRS	Reducing Short Position	5,621	GBP 3.2779
10p ordinary	TRS	Reducing Short Position	332	GBP 3.2837
10p ordinary	TRS	Reducing Short Position	3,551	GBP 3.2837
10p ordinary	TRS	Reducing Short Position	6,537	GBP 3.2843
10p ordinary	TRS	Increasing Short Position	16,814	GBP 3.2741
10p ordinary	TRS	Increasing Short Position	135,549	GBP 3.2778
10p ordinary	TRS	Increasing Short Position	291	GBP 3.2779
10p ordinary	TRS	Increasing Short Position	18,953	GBP 3.2784
10p ordinary	TRS	Increasing Short Position	345	GBP 3.2838
10p ordinary	TRS	Reducing Short Position	60,356	GBP 3.2739
10p ordinary	TRS	Reducing Short Position	11,813	GBP 3.2740
10p ordinary	TRS	Reducing Short Position	15,000	GBP 3.2753
10p ordinary	TRS	Reducing Short Position	23,315	GBP 3.2757
10p ordinary	TRS	Reducing Short Position	34,319	GBP 3.2762
10p ordinary	TRS	Reducing Short Position	44,129	GBP 3.2762
10p ordinary	TRS	Reducing Short Position	36,542	GBP 3.2765
10p ordinary	TRS	Reducing Short Position	171,772	GBP 3.2776
10p ordinary	TRS	Reducing Short Position	20,537	GBP 3.2816
10p ordinary	TRS	Reducing Short Position	219	GBP 3.2867
10p ordinary	TRS	Reducing Short Position	7,237	GBP 3.2927
10p ordinary	TRS	Increasing Short Position	106,224	GBP 3.2769

(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:	20 February 2024
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 [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