Form 8.5 (EPT/RI)

Citigroup Global Markets Limited

26 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:	25 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	527,409	GBP 3.5100	GBP 3.4760
10p ordinary	Purchase	403,247	GBP 3.5104	GBP 3.4840

(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	113	GBP 3.4934
10p ordinary	TRS	Increasing Short Position	356	GBP 3.4940
10p ordinary	TRS	Increasing Short Position	50,000	GBP 3.5001
10p ordinary	TRS	Increasing Short Position	42,742	GBP 3.5077
10p ordinary	TRS	Increasing Short Position	70	GBP 3.5081
10p ordinary	TRS	Increasing Short Position	26,526	GBP 3.5101
10p ordinary	TRS	Increasing Short Position	32,565	GBP 3.5104
10p ordinary	TRS	Increasing Short Position	724	GBP 3.5104
10p ordinary	TRS	Reducing Short Position	5,282	GBP 3.4822
10p ordinary	TRS	Reducing Short Position	6,429	GBP 3.4830
10p ordinary	TRS	Reducing Short Position	30,494	GBP 3.4839
10p ordinary	TRS	Reducing Short Position	22,923	GBP 3.4842
10p ordinary	TRS	Reducing Short Position	6,140	GBP 3.4903
10p ordinary	TRS	Reducing Short Position	22,089	GBP 3.4919
10p ordinary	TRS	Reducing Short Position	108,850	GBP 3.4959
10p ordinary	TRS	Reducing Short Position	5,081	GBP 3.5078
10p ordinary	TRS	Reducing Short Position	8,341	GBP 3.5100
10p ordinary	TRS	Reducing Short Position	454	GBP 3.4849
10p ordinary	TRS	Reducing Short Position	16,998	GBP 3.4878
10p ordinary	TRS	Reducing Short Position	39,797	GBP 3.4945
10p ordinary	TRS	Reducing Short Position	744	GBP 3.5053
10p ordinary	TRS	Reducing Short Position	715	GBP 3.5100

(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:	26 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