Form 8.5 (EPT/RI)

Citigroup Global Markets Limited

02 April 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:	28 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 & International Paper Company

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	942,075	GBP 4.0000	GBP 3.9510
10p ordinary	Purchase	1,360,089	GBP 3.9990	GBP 3.9490

(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	782	GBP 3.9490
10p ordinary	TRS	Reducing Long Position	8,590	GBP 3.9633
10p ordinary	TRS	Reducing Long Position	2,995	GBP 3.9663
10p ordinary	TRS	Reducing Long Position	467,982	GBP 3.9764
10p ordinary	TRS	Reducing Long Position	819,121	GBP 3.9770
10p ordinary	TRS	Reducing Long Position	1	GBP 3.9800
10p ordinary	TRS	Reducing Long Position	33,691	GBP 3.9986
10p ordinary	TRS	Increasing Long Position	12,526	GBP 3.9608
10p ordinary	TRS	Increasing Long Position	809	GBP 3.9645
10p ordinary	TRS	Increasing Long Position	1,674	GBP 3.9669
10p ordinary	TRS	Increasing Long Position	4,163	GBP 3.9692
10p ordinary	TRS	Increasing Long Position	53,304	GBP 3.9736
10p ordinary	TRS	Increasing Long Position	8,744	GBP 3.9740
10p ordinary	TRS	Increasing Long Position	543,703	GBP 3.9749
10p ordinary	TRS	Increasing Long Position	26,202	GBP 3.9749
10p ordinary	TRS	Increasing Long Position	15,474	GBP 3.9758
10p ordinary	TRS	Increasing Long Position	158,045	GBP 3.9778
10p ordinary	TRS	Increasing Long Position	15,818	GBP 3.9798
10p ordinary	TRS	Increasing Long Position	7,490	GBP 3.9805
10p ordinary	TRS	Increasing Long Position	3,679	GBP 3.9818
10p ordinary	TRS	Increasing Long Position	4,157	GBP 3.9876
10p ordinary	TRS	Increasing Long Position	878	GBP 3.9938
10p ordinary	TRS	Increasing Short Position	2,732	GBP 3.9644
10p ordinary	TRS	Increasing Long Position	49	GBP 3.9570
10p ordinary	TRS	Increasing Long Position	149	GBP 3.9670
10p ordinary	TRS	Increasing Long Position	50	GBP 3.9930

(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:	02 April 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