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

Citigroup Global Markets Limited

04 April 2024

 

Amendment 2 (a) (b)

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:	02 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	795,015	GBP 4.0000	GBP 3.9380
10p ordinary	Purchase	3,793,579	GBP 4.0000	GBP 3.9260

(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	802,458	GBP 3.9864
10p ordinary	TRS	Increasing Short Position	502,000	GBP 3.9723
10p ordinary	TRS	Increasing Short Position	501,000	GBP 3.9780
10p ordinary	TRS	Increasing Short Position	20,908	GBP 3.9575
10p ordinary	TRS	Increasing Short Position	335,000	GBP 3.9595
10p ordinary	TRS	Increasing Short Position	200,858	GBP 3.9595
10p ordinary	TRS	Increasing Short Position	130,254	GBP 3.9596
10p ordinary	TRS	Increasing Short Position	63,200	GBP 3.9685
10p ordinary	TRS	Increasing Short Position	1	GBP 3.9700
10p ordinary	TRS	Increasing Short Position	5,571	GBP 3.9745
10p ordinary	TRS	Increasing Short Position	125,523	GBP 3.9772
10p ordinary	TRS	Increasing Short Position	17,176	GBP 3.9782
10p ordinary	TRS	Increasing Short Position	1	GBP 3.9784
10p ordinary	TRS	Increasing Short Position	16	GBP 3.9800
10p ordinary	TRS	Increasing Short Position	1,730	GBP 3.9845
10p ordinary	TRS	Increasing Short Position	1,758	GBP 3.9932
10p ordinary	TRS	Reducing Short Position	2	GBP 3.9496
10p ordinary	TRS	Reducing Short Position	7	GBP 3.9586
10p ordinary	TRS	Reducing Short Position	27,147	GBP 3.9588
10p ordinary	TRS	Reducing Short Position	54,691	GBP 3.9592
10p ordinary	TRS	Reducing Short Position	110,000	GBP 3.9655
10p ordinary	TRS	Reducing Short Position	5,878	GBP 3.9657
10p ordinary	TRS	Reducing Short Position	91,582	GBP 3.9727
10p ordinary	TRS	Reducing Short Position	13,002	GBP 3.9742
10p ordinary	TRS	Reducing Short Position	2,519	GBP 3.9776
10p ordinary	TRS	Reducing Short Position	1,930	GBP 3.9580
10p ordinary	TRS	Increasing Long Position	1,378	GBP 3.9580
10p ordinary	TRS	Increasing Short Position	31,353	GBP 3.9663
10p ordinary	TRS	Increasing Short Position	4,611	GBP 3.9702
10p ordinary	TRS	Increasing Short Position	248,497	GBP 3.9652
10p ordinary	TRS	Increasing Short Position	400,802	GBP 3.9685
10p ordinary	TRS	Reducing Long Position	493	GBP 3.9620

(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.

 

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