Form 8.5 (EPT/RI) - Amendment - Smith (DS) PLC

GoldmanSachs International

03 April 2024

 

Amendment - due to the amendment of Equity and Derivatives transactions, the disclosure made on 28 March for dealings on 27 March has been updated. Sections 2(a) and 2(b) have been updated.

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:	(GS) GOLDMAN SACHS INTERNATIONAL
(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:	27 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 the offer?      If it is a cash offer or possible cash offer, state "N/A"	YES - disclosing today for INTERNATIONAL PAPER COMPANY and disclosed previously for 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	Purchases	18,465,549 687,600	3.9720 GBP 5.0031 USD	3.8400 GBP 5.0026 USD
10p ordinary	Sales	14,966,251	4.0497 GBP	3.8200 GBP

(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	CFD	Reducing a short position	13,465	3.8401 GBP
10p ordinary	CFD	Reducing a short position	50,000	3.8491 GBP
10p ordinary	CFD	Increasing a short position	75,000	3.8507 GBP
10p ordinary	CFD	Opening a short position	72,198	3.8508 GBP
10p ordinary	CFD	Opening a short position	45,798	3.8508 GBP
10p ordinary	CFD	Increasing a short position	150,000	3.8527 GBP
10p ordinary	CFD	Opening a short position	64,756	3.8585 GBP
10p ordinary	CFD	Opening a short position	660,302	3.8600 GBP
10p ordinary	CFD	Increasing a short position	39,200	3.8631 GBP
10p ordinary	CFD	Increasing a short position	100,800	3.8631 GBP
10p ordinary	CFD	Opening a short position	300,000	3.8643 GBP
10p ordinary	CFD	Reducing a short position	259	3.8648 GBP
10p ordinary	CFD	Reducing a short position	2,563	3.8653 GBP
10p ordinary	CFD	Increasing a short position	29,843	3.8656 GBP
10p ordinary	CFD	Increasing a short position	224,823	3.8656 GBP
10p ordinary	CFD	Opening a short position	718,936	3.8656 GBP
10p ordinary	CFD	Increasing a short position	207,530	3.8656 GBP
10p ordinary	CFD	Opening a short position	657,057	3.8656 GBP
10p ordinary	CFD	Opening a short position	23,240	3.8666 GBP
10p ordinary	CFD	Opening a short position	2,880	3.8666 GBP
10p ordinary	CFD	Opening a short position	1,586	3.8666 GBP
10p ordinary	CFD	Opening a short position	1,441	3.8666 GBP
10p ordinary	CFD	Opening a short position	83,996	3.8669 GBP
10p ordinary	CFD	Reducing a short position	11,004	3.8677 GBP
10p ordinary	CFD	Reducing a short position	124,636	3.8677 GBP
10p ordinary	CFD	Reducing a short position	280,000	3.8692 GBP
10p ordinary	CFD	Reducing a short position	265,000	3.8692 GBP
10p ordinary	CFD	Reducing a short position	250,000	3.8692 GBP
10p ordinary	CFD	Increasing a long position	704	3.8700 GBP
10p ordinary	CFD	Reducing a short position	250,000	3.8762 GBP
10p ordinary	CFD	Opening a short position	960	3.8788 GBP
10p ordinary	CFD	Opening a short position	15,494	3.8788 GBP
10p ordinary	CFD	Opening a short position	1,920	3.8788 GBP
10p ordinary	CFD	Opening a short position	1,058	3.8788 GBP
10p ordinary	CFD	Reducing a short position	74,250	3.8949 GBP
10p ordinary	CFD	Reducing a short position	750	3.8949 GBP
10p ordinary	CFD	Reducing a short position	300,000	3.9012 GBP
10p ordinary	CFD	Reducing a short position	2,678	3.9024 GBP
10p ordinary	CFD	Increasing a short position	75,000	3.9027 GBP
10p ordinary	CFD	Increasing a short position	83,996	3.9045 GBP
10p ordinary	CFD	Increasing a short position	83,996	3.9066 GBP
10p ordinary	CFD	Increasing a short position	30,200	3.9075 GBP
10p ordinary	CFD	Opening a short position	10,570	3.9172 GBP
10p ordinary	CFD	Opening a short position	9,603	3.9172 GBP
10p ordinary	CFD	Opening a short position	154,930	3.9172 GBP
10p ordinary	CFD	Opening a short position	19,198	3.9172 GBP
10p ordinary	CFD	Reducing a short position	98,889	3.9324 GBP
10p ordinary	CFD	Reducing a short position	135,000	3.9395 GBP
10p ordinary	CFD	Increasing a short position	44,355	3.9433 GBP
10p ordinary	CFD	Increasing a short position	34,056	3.9441 GBP
10p ordinary	CFD	Reducing a long position	919	3.9442 GBP
10p ordinary	CFD	Opening a short position	366,738	3.9463 GBP
10p ordinary	CFD	Reducing a short position	768	3.9550 GBP
10p ordinary	CFD	Increasing a short position	145,708	3.9574 GBP
10p ordinary	CFD	Reducing a short position	350,000	3.9598 GBP
10p ordinary	CFD	Reducing a short position	200,000	3.9608 GBP
10p ordinary	CFD	Increasing a short position	377,403	3.9624 GBP
10p ordinary	CFD	Reducing a short position	725	3.9632 GBP
10p ordinary	CFD	Increasing a short position	89,347	3.9647 GBP
10p ordinary	CFD	Increasing a short position	91,167	3.9660 GBP
10p ordinary	CFD	Increasing a short position	42,615	3.9660 GBP
10p ordinary	CFD	Reducing a long position	1,010	3.9666 GBP
10p ordinary	CFD	Reducing a long position	3,256	3.9666 GBP
10p ordinary	CFD	Opening a short position	343,800	5.0026 USD
10p ordinary	CFD	Increasing a short position	343,800	5.0030 USD

(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:	03 April 2024
Contact name:	Papa Lette and Andrzej Szyszka
Telephone number:	[phone] / [phone]

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END