Form 8.5 (EPT/RI) - SMITH (DS)

GoldmanSachs International

23 May 2024

 

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:	(GS) GOLDMAN SACHS INTERNATIONAL
(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:	22 May 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 the offer?      If it is a cash offer or possible cash offer, state "N/A"	YES - disclosed previously for 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	Purchases	13,578,135 6,500,000	3.7680 GBP 4.2588 EUR	3.6400 GBP 4.2588 EUR
10p ordinary	Sales	8,422,500 1,800,000	3.7680 GBP 4.7726 USD	3.6580 GBP 4.7544 USD

(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	CFD	Opening a short position	337,983	2.9401 USD
10p ordinary	CFD	Increasing a long position	17,144	3.6450 GBP
10p ordinary	CFD	Increasing a short position	15,823	3.6450 GBP
10p ordinary	CFD	Increasing a short position	1,321	3.6450 GBP
10p ordinary	CFD	Reducing a long position	232,369	3.6460 GBP
10p ordinary	CFD	Increasing a short position	38,989	3.6632 GBP
10p ordinary	CFD	Increasing a short position	3,978	3.6649 GBP
10p ordinary	CFD	Increasing a short position	9,382	3.6756 GBP
10p ordinary	CFD	Opening a short position	250,000	3.6809 GBP
10p ordinary	CFD	Reducing a short position	960	3.6837 GBP
10p ordinary	CFD	Reducing a short position	5,287	3.6837 GBP
10p ordinary	CFD	Reducing a short position	8,585	3.6837 GBP
10p ordinary	CFD	Reducing a short position	2,405	3.6837 GBP
10p ordinary	CFD	Reducing a short position	1,850	3.6837 GBP
10p ordinary	CFD	Reducing a short position	241	3.6837 GBP
10p ordinary	CFD	Reducing a short position	3,117	3.6837 GBP
10p ordinary	CFD	Opening a short position	64,462	3.6900 GBP
10p ordinary	CFD	Opening a short position	250,000	3.7034 GBP
10p ordinary	CFD	Increasing a short position	4,532	3.7039 GBP
10p ordinary	CFD	Opening a short position	239,045	3.7376 GBP
10p ordinary	CFD	Increasing a short position	3,362	3.7386 GBP
10p ordinary	CFD	Reducing a short position	650,000	3.7394 GBP
10p ordinary	CFD	Increasing a short position	177,225	3.7426 GBP
10p ordinary	CFD	Increasing a short position	28,975	3.7426 GBP
10p ordinary	CFD	Increasing a short position	30,809	3.7426 GBP
10p ordinary	CFD	Increasing a short position	27,086	3.7426 GBP
10p ordinary	CFD	Increasing a short position	94,538	3.7432 GBP
10p ordinary	CFD	Increasing a short position	406,302	3.7432 GBP
10p ordinary	CFD	Increasing a short position	66,429	3.7432 GBP
10p ordinary	CFD	Increasing a short position	70,634	3.7432 GBP
10p ordinary	CFD	Increasing a short position	62,097	3.7432 GBP
10p ordinary	CFD	Increasing a short position	464	3.7443 GBP
10p ordinary	CFD	Reducing a short position	20,708	3.7457 GBP
10p ordinary	CFD	Increasing a short position	19,420	3.7467 GBP
10p ordinary	CFD	Opening a long position	337,983	3.7476 GBP
10p ordinary	CFD	Increasing a long position	673	3.7491 GBP
10p ordinary	CFD	Increasing a short position	128,518	3.7499 GBP
10p ordinary	CFD	Increasing a short position	10,708	3.7508 GBP
10p ordinary	CFD	Opening a short position	955	3.7523 GBP
10p ordinary	CFD	Reducing a short position	643	3.7537 GBP
10p ordinary	CFD	Opening a short position	28,429	3.7582 GBP
10p ordinary	CFD	Opening a short position	760,955	3.7609 GBP
10p ordinary	CFD	Reducing a short position	31,493	3.7679 GBP
10p ordinary	CFD	Reducing a short position	1,000,000	4.7544 USD
10p ordinary	CFD	Reducing a short position	300,000	4.7602 USD

(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:	23 May 2024
Contact name:	Papa Lette and Andrzej Szyszka
Telephone number:	[phone] / [phone]

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END