Form 8.5 (EPT/RI) Amendment

Citigroup Global Markets Limited

02 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
(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 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	7,220,713	GBP 3.9710	GBP 3.8430
10p ordinary	Purchase	4,970,617	GBP 3.9664	GBP 3.8470

(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	1,019,536	GBP 3.9157
10p ordinary	TRS	Opening Short Position	1,020,000	GBP 3.8687
10p ordinary	TRS	Increasing Short Position	7,021	GBP 3.8605
10p ordinary	TRS	Increasing Short Position	259,538	GBP 3.8654
10p ordinary	TRS	Increasing Short Position	410,355	GBP 3.8688
10p ordinary	TRS	Increasing Short Position	253,250	GBP 3.8697
10p ordinary	TRS	Increasing Short Position	1,490	GBP 3.8713
10p ordinary	TRS	Increasing Short Position	94,327	GBP 3.8748
10p ordinary	TRS	Increasing Short Position	204,071	GBP 3.8829
10p ordinary	TRS	Increasing Short Position	269,699	GBP 3.8872
10p ordinary	TRS	Increasing Short Position	68,935	GBP 3.8880
10p ordinary	TRS	Increasing Short Position	9,768	GBP 3.8962
10p ordinary	TRS	Increasing Short Position	228,236	GBP 3.9074
10p ordinary	TRS	Increasing Short Position	174,639	GBP 3.9205
10p ordinary	TRS	Increasing Short Position	1,824	GBP 3.9215
10p ordinary	TRS	Increasing Short Position	145,349	GBP 3.9367
10p ordinary	TRS	Increasing Short Position	196,765	GBP 3.9473
10p ordinary	TRS	Increasing Short Position	509	GBP 3.9614
10p ordinary	TRS	Increasing Short Position	32,801	GBP 3.9664
10p ordinary	TRS	Reducing Short Position	137,050	GBP 3.8647
10p ordinary	TRS	Reducing Short Position	22,448	GBP 3.8712
10p ordinary	TRS	Reducing Short Position	10,026	GBP 3.8770
10p ordinary	TRS	Reducing Short Position	1,474,460	GBP 3.8785
10p ordinary	TRS	Reducing Short Position	5,268	GBP 3.8841
10p ordinary	TRS	Reducing Short Position	4,969	GBP 3.8853
10p ordinary	TRS	Reducing Short Position	307,957	GBP 3.8890
10p ordinary	TRS	Reducing Short Position	1,084,034	GBP 3.8895
10p ordinary	TRS	Reducing Short Position	5,618	GBP 3.8914
10p ordinary	TRS	Reducing Short Position	15,408	GBP 3.8916
10p ordinary	TRS	Reducing Short Position	31,662	GBP 3.8967
10p ordinary	TRS	Reducing Short Position	6,938	GBP 3.8984
10p ordinary	TRS	Reducing Short Position	226,343	GBP 3.8989
10p ordinary	TRS	Reducing Short Position	4,347	GBP 3.9061
10p ordinary	TRS	Reducing Short Position	18,222	GBP 3.9093
10p ordinary	TRS	Reducing Short Position	100,000	GBP 3.9095
10p ordinary	TRS	Reducing Short Position	1,934	GBP 3.9134
10p ordinary	TRS	Reducing Short Position	1,169,457	GBP 3.9155
10p ordinary	TRS	Reducing Short Position	8,492	GBP 3.9164
10p ordinary	TRS	Reducing Short Position	10,818	GBP 3.9185
10p ordinary	TRS	Reducing Short Position	16,135	GBP 3.9248
10p ordinary	TRS	Reducing Short Position	160,902	GBP 3.9278
10p ordinary	TRS	Reducing Short Position	343,848	GBP 3.9301
10p ordinary	TRS	Reducing Short Position	607,030	GBP 3.9394
10p ordinary	TRS	Reducing Short Position	29,548	GBP 3.9434
10p ordinary	TRS	Reducing Short Position	100,000	GBP 3.9595
10p ordinary	TRS	Reducing Short Position	29	GBP 3.9659
10p ordinary	TRS	Reducing Short Position	10,385	GBP 3.9659
10p ordinary	TRS	Reducing Short Position	763,626	GBP 3.9660
10p ordinary	TRS	Increasing Short Position	16,121	GBP 3.9009

(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:	02 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