Form 8.5 (EPT/RI)-Amendment

Citigroup Global Markets Limited

21 February 2024

 

Amendment to Section 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:	15 February 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	1,059,170	GBP 4.0642	GBP 3.1340
10p ordinary	Purchase	1,806,356	GBP 3.2290	GBP 3.1500

(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	38,125	GBP 3.1496
10p ordinary	TRS	Increasing Short Position	5,813	GBP 3.1554
10p ordinary	TRS	Reducing Short Position	28,352	GBP 3.1775
10p ordinary	TRS	Increasing Short Position	5,306	GBP 3.1602
10p ordinary	TRS	Increasing Short Position	30,272	GBP 3.1671
10p ordinary	TRS	Increasing Short Position	60,430	GBP 3.1684
10p ordinary	TRS	Reducing Short Position	38,489	GBP 3.1714
10p ordinary	TRS	Reducing Short Position	2,908	GBP 3.1754
10p ordinary	TRS	Reducing Short Position	40,751	GBP 3.1787
10p ordinary	TRS	Reducing Short Position	36,007	GBP 3.1792
10p ordinary	TRS	Reducing Short Position	23,991	GBP 3.1844
10p ordinary	TRS	Reducing Short Position	23,902	GBP 3.1858
10p ordinary	TRS	Reducing Short Position	19,452	GBP 3.1871
10p ordinary	TRS	Reducing Short Position	20,305	GBP 3.1876
10p ordinary	TRS	Reducing Short Position	39,814	GBP 3.2121
10p ordinary	TRS	Reducing Short Position	28,458	GBP 3.2132
10p ordinary	TRS	Increasing Short Position	22,228	GBP 3.1519
10p ordinary	TRS	Increasing Short Position	4,026	GBP 3.1652
10p ordinary	TRS	Increasing Short Position	41,327	GBP 3.1718
10p ordinary	TRS	Increasing Short Position	1,060,586	GBP 3.1753
10p ordinary	TRS	Increasing Short Position	9,685	GBP 3.2001
10p ordinary	TRS	Reducing Short Position	26,935	GBP 3.2290
10p ordinary	TRS	Increasing Short Position	1,254	GBP 3.1574
10p ordinary	TRS	Increasing Short Position	138,008	GBP 3.1638
10p ordinary	TRS	Increasing Short Position	289	GBP 3.1736
10p ordinary	TRS	Increasing Short Position	8,670	GBP 3.1845
10p ordinary	TRS	Increasing Short Position	58,875	GBP 3.1941
10p ordinary	TRS	Increasing Short Position	55,355	GBP 3.1967
10p ordinary	TRS	Increasing Short Position	48,017	GBP 3.2007
10p ordinary	TRS	Increasing Short Position	5,887	GBP 3.2086
10p ordinary	TRS	Increasing Short Position	10	GBP 3.2290
10p ordinary	TRS	Reducing Short Position	18,281	GBP 3.1649
10p ordinary	TRS	Reducing Short Position	557	GBP 3.1676
10p ordinary	TRS	Reducing Short Position	106,475	GBP 3.1714
10p ordinary	TRS	Reducing Short Position	203,707	GBP 3.1720
10p ordinary	TRS	Reducing Short Position	1,372	GBP 3.1727
10p ordinary	TRS	Reducing Short Position	25,773	GBP 3.1744
10p ordinary	TRS	Reducing Short Position	20,790	GBP 3.1762
10p ordinary	TRS	Reducing Short Position	8,800	GBP 3.1790
10p ordinary	TRS	Reducing Short Position	37,740	GBP 3.2093

(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:	21 February 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