Form 8.5 (EPT/RI) - Amendment

Citigroup Global Markets Limited

16 April 2024

 

Amendment: Changes to Section 2(a) and (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:	12 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"	International Paper Company & 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	2,538,967	GBP 4.1500	GBP 4.1156
10p ordinary	Purchase	1,008,031	GBP 4.1500	GBP 4.1200

(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	891	GBP 4.1204
10p ordinary	TRS	Reducing Short Position	483,746	GBP 4.1418
10p ordinary	TRS	Reducing Short Position	1,171,117	GBP 4.1256
10p ordinary	TRS	Increasing Short Position	23,372	GBP 4.1213
10p ordinary	TRS	Increasing Short Position	2,007	GBP 4.1214
10p ordinary	TRS	Increasing Short Position	6,070	GBP 4.1220
10p ordinary	TRS	Increasing Short Position	444,677	GBP 4.1220
10p ordinary	TRS	Increasing Short Position	8,073	GBP 4.1221
10p ordinary	TRS	Increasing Short Position	212,807	GBP 4.1221
10p ordinary	TRS	Increasing Short Position	12,950	GBP 4.1222
10p ordinary	TRS	Increasing Short Position	48,012	GBP 4.1298
10p ordinary	TRS	Increasing Short Position	38	GBP 4.1344
10p ordinary	TRS	Increasing Short Position	199,710	GBP 4.1350
10p ordinary	TRS	Reducing Short Position	264	GBP 4.1156
10p ordinary	TRS	Reducing Short Position	1,475	GBP 4.1256
10p ordinary	TRS	Reducing Short Position	18,358	GBP 4.1324
10p ordinary	TRS	Reducing Short Position	1	GBP 4.1356
10p ordinary	TRS	Reducing Short Position	15,815	GBP 4.1358
10p ordinary	TRS	Reducing Short Position	305,659	GBP 4.1362
10p ordinary	TRS	Reducing Short Position	2,440	GBP 4.1371
10p ordinary	TRS	Reducing Short Position	67,946	GBP 4.1376
10p ordinary	TRS	Reducing Short Position	62,341	GBP 4.1377
10p ordinary	TRS	Reducing Short Position	6,609	GBP 4.1175
10p ordinary	TRS	Reducing Short Position	1,823	GBP 4.1220
10p ordinary	TRS	Reducing Short Position	380,694	GBP 4.1336
10p ordinary	TRS	Increasing Short Position	100	GBP 4.1220

(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:	16 April 2024
Contact name:	Cathal McKenna
Telephone number:	02890 409 544

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