Form 8.5 (EPT/RI)

Citigroup Global Markets Limited

04 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:	03 April 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	1,487,669	GBP 4.0260	GBP 3.9500
10p ordinary	Purchase	641,067	GBP 4.0264	GBP 3.9619

(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 Short Position	67,161	GBP 4.0260
10p ordinary	TRS	Reducing Short Position	149	GBP 4.0260
10p ordinary	TRS	Increasing Short Position	88	GBP 3.9619
10p ordinary	TRS	Increasing Short Position	12,167	GBP 3.9755
10p ordinary	TRS	Increasing Short Position	5,424	GBP 3.9764
10p ordinary	TRS	Increasing Short Position	30,319	GBP 3.9796
10p ordinary	TRS	Increasing Short Position	78,943	GBP 3.9808
10p ordinary	TRS	Increasing Short Position	27,764	GBP 3.9903
10p ordinary	TRS	Increasing Short Position	10,050	GBP 3.9913
10p ordinary	TRS	Increasing Short Position	58,191	GBP 3.9953
10p ordinary	TRS	Increasing Short Position	21,848	GBP 3.9967
10p ordinary	TRS	Increasing Short Position	4,367	GBP 4.0083
10p ordinary	TRS	Increasing Short Position	12,096	GBP 4.0215
10p ordinary	TRS	Increasing Short Position	267	GBP 4.0261
10p ordinary	TRS	Increasing Short Position	59,134	GBP 4.0263
10p ordinary	TRS	Increasing Short Position	1,454	GBP 4.0264
10p ordinary	TRS	Reducing Short Position	149	GBP 3.9596
10p ordinary	TRS	Reducing Short Position	2,292	GBP 3.9613
10p ordinary	TRS	Reducing Short Position	1,429	GBP 3.9617
10p ordinary	TRS	Reducing Short Position	753	GBP 3.9633
10p ordinary	TRS	Reducing Short Position	201	GBP 3.9675
10p ordinary	TRS	Reducing Short Position	815	GBP 3.9676
10p ordinary	TRS	Reducing Short Position	11,236	GBP 3.9730
10p ordinary	TRS	Reducing Short Position	9,405	GBP 3.9788
10p ordinary	TRS	Reducing Short Position	179	GBP 4.0006
10p ordinary	TRS	Reducing Short Position	54	GBP 4.0020
10p ordinary	TRS	Reducing Short Position	98,453	GBP 4.0198
10p ordinary	TRS	Increasing Short Position	222,665	GBP 4.0260
10p ordinary	TRS	Reducing Short Position	10,305	GBP 3.9692
10p ordinary	TRS	Reducing Short Position	28,189	GBP 3.9696
10p ordinary	TRS	Reducing Short Position	3,580	GBP 3.9740
10p ordinary	TRS	Reducing Short Position	200	GBP 3.9758
10p ordinary	TRS	Reducing Short Position	99,344	GBP 3.9841
10p ordinary	TRS	Reducing Short Position	246,369	GBP 4.0045
10p ordinary	TRS	Reducing Short Position	126,344	GBP 4.0177
10p ordinary	TRS	Reducing Short Position	711,071	GBP 4.0232
10p ordinary	TRS	Increasing Short Position	8,953	GBP 3.9686

(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 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