Form 8.5 (EPT/RI)

Citigroup Global Markets Limited

21 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:	20 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	873,220	GBP 3.2685	GBP 3.2380
10p ordinary	Purchase	605,606	GBP 3.2710	GBP 3.2400

(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	Increasing Short Position	16,294	GBP 3.2616
10p ordinary	TRS	Reducing Short Position	305,234	GBP 3.2526
10p ordinary	TRS	Reducing Short Position	138,668	GBP 3.2638
10p ordinary	TRS	Increasing Short Position	247	GBP 3.2510
10p ordinary	TRS	Increasing Short Position	4,992	GBP 3.2511
10p ordinary	TRS	Increasing Short Position	4,008	GBP 3.2588
10p ordinary	TRS	Increasing Short Position	4,185	GBP 3.2688
10p ordinary	TRS	Increasing Short Position	5,827	GBP 3.2701
10p ordinary	TRS	Reducing Short Position	3,692	GBP 3.2443
10p ordinary	TRS	Reducing Short Position	10,793	GBP 3.2450
10p ordinary	TRS	Reducing Short Position	1,511	GBP 3.2515
10p ordinary	TRS	Increasing Short Position	13,258	GBP 3.2420
10p ordinary	TRS	Increasing Short Position	24,580	GBP 3.2428
10p ordinary	TRS	Increasing Short Position	32	GBP 3.2443
10p ordinary	TRS	Increasing Short Position	10,969	GBP 3.2489
10p ordinary	TRS	Increasing Short Position	29,772	GBP 3.2544
10p ordinary	TRS	Increasing Short Position	48,337	GBP 3.2566
10p ordinary	TRS	Increasing Short Position	20,791	GBP 3.2614
10p ordinary	TRS	Increasing Short Position	44,357	GBP 3.2628
10p ordinary	TRS	Reducing Short Position	203	GBP 3.2411
10p ordinary	TRS	Reducing Short Position	26,418	GBP 3.2417
10p ordinary	TRS	Reducing Short Position	209,330	GBP 3.2484
10p ordinary	TRS	Reducing Short Position	2,548	GBP 3.2610
10p ordinary	TRS	Reducing Short Position	693	GBP 3.2622
10p ordinary	TRS	Increasing Short Position	153,084	GBP 3.2680
10p ordinary	TRS	Increasing Short Position	153,084	GBP 3.2710
10p ordinary	TRS	Reducing Short Position	2,264	GBP 3.2420
10p ordinary	TRS	Reducing Short Position	21,276	GBP 3.2641

(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:	21 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