Form 8.5 (EPT/RI) - Amendment

Citigroup Global Markets Limited

15 August 2024

 

Amendment 2 (a)

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:	14 August 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

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	376,219	GBP 5.7654	GBP 4.5000
10p ordinary	Purchase	742,571	GBP 4.5685	GBP 4.4400

(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	Reducing Short Position	54,584	GBP 4.5674
10p ordinary	TRS	Reducing Short Position	96,202	GBP 4.5674
10p ordinary	TRS	Increasing Short Position	5,779	GBP 4.4729
10p ordinary	TRS	Increasing Short Position	10,121	GBP 4.4733
10p ordinary	TRS	Increasing Short Position	54	GBP 4.4878
10p ordinary	TRS	Increasing Short Position	15,909	GBP 4.4951
10p ordinary	TRS	Increasing Short Position	1,631	GBP 4.4965
10p ordinary	TRS	Increasing Short Position	49,838	GBP 4.4984
10p ordinary	TRS	Increasing Short Position	1,076	GBP 4.5025
10p ordinary	TRS	Increasing Short Position	1,683	GBP 4.5218
10p ordinary	TRS	Increasing Short Position	20	GBP 4.5305
10p ordinary	TRS	Increasing Short Position	1	GBP 4.5585
10p ordinary	TRS	Increasing Short Position	42,480	GBP 4.5589
10p ordinary	TRS	Increasing Short Position	473	GBP 4.5685
10p ordinary	TRS	Reducing Short Position	71	GBP 4.5535
10p ordinary	TRS	Reducing Short Position	801	GBP 4.5594
10p ordinary	TRS	Reducing Short Position	5,358	GBP 4.5674
10p ordinary	TRS	Increasing Short Position	12	GBP 4.5680
10p ordinary	TRS	Reducing Short Position	16	GBP 4.5680
10p ordinary	TRS	Increasing Short Position	321,475	GBP 4.5077

(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:	15 August 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