Form 8.5 (EPT/RI) Amendment

Citigroup Global Markets Limited

08 March 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:	06 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

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	2,723,666	GBP 3.2320	GBP 3.1580
10p ordinary	Purchase	2,590,465	GBP 3.2200	GBP 3.1580

(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	Opening Short Position	1,403	GBP 3.1892
10p ordinary	TRS	Opening Short Position	1,530	GBP 3.2057
10p ordinary	TRS	Reducing Short Position	204,844	GBP 3.1676
10p ordinary	TRS	Reducing Short Position	49,382	GBP 3.1718
10p ordinary	TRS	Reducing Short Position	157,914	GBP 3.1732
10p ordinary	TRS	Reducing Short Position	199,170	GBP 3.1834
10p ordinary	TRS	Reducing Short Position	1,279	GBP 3.1847
10p ordinary	TRS	Reducing Short Position	1,274	GBP 3.1866
10p ordinary	TRS	Reducing Short Position	7,274	GBP 3.1867
10p ordinary	TRS	Reducing Short Position	569,027	GBP 3.1875
10p ordinary	TRS	Reducing Short Position	738,065	GBP 3.2009
10p ordinary	TRS	Reducing Short Position	179,699	GBP 3.2156
10p ordinary	TRS	Reducing Short Position	3,625	GBP 3.2158
10p ordinary	TRS	Reducing Long Position	366	GBP 3.2171
10p ordinary	TRS	Reducing Long Position	8,858	GBP 3.2174
10p ordinary	TRS	Reducing Long Position	7,422	GBP 3.2177
10p ordinary	TRS	Increasing Long Position	2,760	GBP 3.1620
10p ordinary	TRS	Increasing Long Position	2,888	GBP 3.1741
10p ordinary	TRS	Increasing Long Position	1,687	GBP 3.1799
10p ordinary	TRS	Increasing Long Position	423	GBP 3.1799
10p ordinary	TRS	Opening Short Position	2,496,484	GBP 3.1580
10p ordinary	TRS	Opening Short Position	11,748	GBP 3.1587
10p ordinary	TRS	Reducing Short Position	52,791	GBP 3.2175
10p ordinary	TRS	Increasing Short Position	100	GBP 3.2140
10p ordinary	TRS	Reducing Short Position	8,843	GBP 3.1920
10p ordinary	TRS	Increasing Short Position	8,520	GBP 3.1580
10p ordinary	TRS	Reducing Short Position	20,491	GBP 3.1843
10p ordinary	TRS	Reducing Short Position	102,724	GBP 3.1894
10p ordinary	TRS	Reducing Short Position	17,123	GBP 3.1994
10p ordinary	TRS	Reducing Short Position	1,635	GBP 3.2169
10p ordinary	TRS	Reducing Short Position	3,560	GBP 3.2178
10p ordinary	TRS	Reducing Short Position	23	GBP 3.2200
10p ordinary	TRS	Increasing Short Position	15	GBP 3.1580
10p ordinary	TRS	Increasing Short Position	3,675	GBP 3.1581
10p ordinary	TRS	Increasing Short Position	298,715	GBP 3.2134

(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:	08 March 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