Form 8.5 (EPT/RI)

Citigroup Global Markets Limited

15 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:	14 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	970,529	GBP 3.4075	GBP 3.3440
10p ordinary	Purchase	1,638,639	GBP 3.4075	GBP 3.3561

(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 Long Position	1,020	GBP 3.3561
10p ordinary	TRS	Reducing Long Position	4	GBP 3.3580
10p ordinary	TRS	Reducing Long Position	91,650	GBP 3.3614
10p ordinary	TRS	Reducing Long Position	23,467	GBP 3.3614
10p ordinary	TRS	Reducing Long Position	2,555	GBP 3.3637
10p ordinary	TRS	Reducing Long Position	214,230	GBP 3.3733
10p ordinary	TRS	Reducing Long Position	83,721	GBP 3.3944
10p ordinary	TRS	Increasing Long Position	73	GBP 3.3487
10p ordinary	TRS	Increasing Long Position	6,752	GBP 3.3522
10p ordinary	TRS	Increasing Long Position	4,714	GBP 3.3535
10p ordinary	TRS	Increasing Long Position	1,836	GBP 3.3540
10p ordinary	TRS	Increasing Long Position	32,353	GBP 3.3653
10p ordinary	TRS	Increasing Long Position	2,794	GBP 3.3683
10p ordinary	TRS	Increasing Long Position	9,322	GBP 3.3762
10p ordinary	TRS	Increasing Long Position	104	GBP 3.3957
10p ordinary	TRS	Increasing Short Position	189,244	GBP 3.3616
10p ordinary	TRS	Increasing Short Position	149,426	GBP 3.3829
10p ordinary	TRS	Increasing Short Position	310,057	GBP 3.3892
10p ordinary	TRS	Increasing Short Position	200,000	GBP 3.3893
10p ordinary	TRS	Opening Short Position	3,077	GBP 3.3589

(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:	15 March 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