Form 8.5 (EPT/RI)

Citigroup Global Markets Limited

04 March 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:	01 March 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	634,912	GBP 3.2697	GBP 3.2230
10p ordinary	Purchase	360,407	GBP 3.2735	GBP 3.2345

(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	548	GBP 3.2693
10p ordinary	TRS	Reducing Short Position	799	GBP 3.2609
10p ordinary	TRS	Reducing Short Position	852	GBP 3.2650
10p ordinary	TRS	Reducing Short Position	12	GBP 3.2658
10p ordinary	TRS	Reducing Short Position	62	GBP 3.2660
10p ordinary	TRS	Reducing Short Position	18	GBP 3.2661
10p ordinary	TRS	Reducing Short Position	16	GBP 3.2662
10p ordinary	TRS	Reducing Short Position	823	GBP 3.2666
10p ordinary	TRS	Reducing Short Position	212	GBP 3.2667
10p ordinary	TRS	Reducing Short Position	174	GBP 3.2667
10p ordinary	TRS	Reducing Short Position	125	GBP 3.2667
10p ordinary	TRS	Reducing Short Position	88	GBP 3.2681
10p ordinary	TRS	Reducing Short Position	52	GBP 3.2681
10p ordinary	TRS	Reducing Short Position	344	GBP 3.2681
10p ordinary	TRS	Reducing Short Position	73	GBP 3.2681
10p ordinary	TRS	Increasing Short Position	11	GBP 3.2345
10p ordinary	TRS	Increasing Short Position	172	GBP 3.2483
10p ordinary	TRS	Increasing Short Position	1,892	GBP 3.2525
10p ordinary	TRS	Increasing Short Position	441	GBP 3.2606
10p ordinary	TRS	Reducing Short Position	57	GBP 3.2546
10p ordinary	TRS	Reducing Short Position	1,786	GBP 3.2548
10p ordinary	TRS	Reducing Short Position	273,524	GBP 3.2601
10p ordinary	TRS	Reducing Short Position	133,982	GBP 3.2625
10p ordinary	TRS	Reducing Short Position	1,211	GBP 3.2644
10p ordinary	TRS	Reducing Short Position	3,221	GBP 3.2657
10p ordinary	TRS	Reducing Short Position	3,275	GBP 3.2667
10p ordinary	TRS	Reducing Short Position	1,051	GBP 3.2687
10p ordinary	TRS	Reducing Short Position	1,470	GBP 3.2688
10p ordinary	TRS	Reducing Short Position	1,765	GBP 3.2688
10p ordinary	TRS	Reducing Short Position	214	GBP 3.2697
10p ordinary	TRS	Increasing Short Position	227	GBP 3.2549
10p ordinary	TRS	Increasing Short Position	26,222	GBP 3.2575
10p ordinary	TRS	Increasing Short Position	21,600	GBP 3.2577
10p ordinary	TRS	Increasing Short Position	30,873	GBP 3.2640
10p ordinary	TRS	Increasing Short Position	90,865	GBP 3.2656
10p ordinary	TRS	Increasing Short Position	8,168	GBP 3.2719
10p ordinary	TRS	Increasing Short Position	4,084	GBP 3.2735
10p ordinary	TRS	Reducing Short Position	12,157	GBP 3.2580
10p ordinary	TRS	Reducing Short Position	21,685	GBP 3.2639
10p ordinary	TRS	Reducing Short Position	560	GBP 3.2661

(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:	04 March 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