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

GoldmanSachs International

24 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:	23 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	7,349,557 581,288	3.7980 GBP 4.8098 USD	3.7620 GBP 4.7992 USD
10p ordinary	Sales	6,582,587	3.8020 GBP	3.7640 GBP

(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 long position	3,657	3.7637 GBP
10p ordinary	CFD	Reducing a short position	3,871	3.7637 GBP
10p ordinary	CFD	Reducing a short position	1,787	3.7638 GBP
10p ordinary	CFD	Reducing a short position	297	3.7638 GBP
10p ordinary	CFD	Reducing a short position	1,924	3.7638 GBP
10p ordinary	CFD	Reducing a short position	1,924	3.7638 GBP
10p ordinary	CFD	Reducing a short position	1,442	3.7638 GBP
10p ordinary	CFD	Reducing a short position	962	3.7638 GBP
10p ordinary	CFD	Reducing a short position	10,680	3.7638 GBP
10p ordinary	CFD	Reducing a short position	618	3.7638 GBP
10p ordinary	CFD	Reducing a short position	5,450	3.7638 GBP
10p ordinary	CFD	Reducing a short position	1,444	3.7638 GBP
10p ordinary	CFD	Reducing a short position	7,616	3.7638 GBP
10p ordinary	CFD	Reducing a short position	12,819	3.7638 GBP
10p ordinary	CFD	Reducing a short position	27,126	3.7638 GBP
10p ordinary	CFD	Reducing a short position	2,886	3.7638 GBP
10p ordinary	CFD	Reducing a short position	264	3.7638 GBP
10p ordinary	CFD	Reducing a short position	2,244	3.7638 GBP
10p ordinary	CFD	Reducing a short position	145	3.7638 GBP
10p ordinary	CFD	Reducing a long position	2,903	3.7641 GBP
10p ordinary	CFD	Reducing a long position	4,351	3.7641 GBP
10p ordinary	CFD	Reducing a long position	3,011	3.7641 GBP
10p ordinary	CFD	Increasing a short position	2,630	3.7646 GBP
10p ordinary	CFD	Increasing a short position	82,114	3.7646 GBP
10p ordinary	CFD	Increasing a short position	719	3.7646 GBP
10p ordinary	CFD	Increasing a short position	18,508	3.7646 GBP
10p ordinary	CFD	Reducing a short position	3,874	3.7664 GBP
10p ordinary	CFD	Reducing a short position	14,478	3.7664 GBP
10p ordinary	CFD	Reducing a short position	970	3.7664 GBP
10p ordinary	CFD	Reducing a short position	38,784	3.7664 GBP
10p ordinary	CFD	Reducing a short position	1,201	3.7664 GBP
10p ordinary	CFD	Reducing a short position	374	3.7664 GBP
10p ordinary	CFD	Reducing a short position	767	3.7664 GBP
10p ordinary	CFD	Reducing a short position	11,322	3.7664 GBP
10p ordinary	CFD	Reducing a short position	32,164	3.7664 GBP
10p ordinary	CFD	Reducing a short position	5,511	3.7664 GBP
10p ordinary	CFD	Reducing a short position	38,322	3.7664 GBP
10p ordinary	CFD	Reducing a short position	15,494	3.7664 GBP
10p ordinary	CFD	Reducing a short position	2,158	3.7664 GBP
10p ordinary	CFD	Reducing a short position	134	3.7691 GBP
10p ordinary	CFD	Reducing a short position	913	3.7691 GBP
10p ordinary	CFD	Reducing a short position	791	3.7691 GBP
10p ordinary	CFD	Reducing a short position	1,204	3.7691 GBP
10p ordinary	CFD	Reducing a short position	32,519	3.7691 GBP
10p ordinary	CFD	Reducing a short position	1,924	3.7692 GBP
10p ordinary	CFD	Reducing a short position	2,886	3.7692 GBP
10p ordinary	CFD	Reducing a short position	1,788	3.7692 GBP
10p ordinary	CFD	Reducing a short position	2,406	3.7692 GBP
10p ordinary	CFD	Reducing a short position	2,601	3.7692 GBP
10p ordinary	CFD	Reducing a short position	3,501	3.7692 GBP
10p ordinary	CFD	Reducing a short position	482	3.7692 GBP
10p ordinary	CFD	Increasing a short position	6,023	3.7710 GBP
10p ordinary	CFD	Reducing a short position	394	3.7714 GBP
10p ordinary	CFD	Reducing a short position	4,200	3.7714 GBP
10p ordinary	CFD	Reducing a short position	9,438	3.7714 GBP
10p ordinary	CFD	Reducing a short position	480	3.7714 GBP
10p ordinary	CFD	Reducing a short position	16,882	3.7714 GBP
10p ordinary	CFD	Reducing a short position	990	3.7714 GBP
10p ordinary	CFD	Reducing a short position	6,720	3.7714 GBP
10p ordinary	CFD	Reducing a short position	87,673	3.7714 GBP
10p ordinary	CFD	Reducing a short position	608	3.7714 GBP
10p ordinary	CFD	Reducing a short position	2,887	3.7714 GBP
10p ordinary	CFD	Reducing a short position	1,540	3.7714 GBP
10p ordinary	CFD	Reducing a short position	80	3.7714 GBP
10p ordinary	CFD	Reducing a short position	2,400	3.7714 GBP
10p ordinary	CFD	Reducing a short position	1,018	3.7714 GBP
10p ordinary	CFD	Reducing a short position	964	3.7714 GBP
10p ordinary	CFD	Reducing a short position	1,441	3.7714 GBP
10p ordinary	CFD	Reducing a short position	186	3.7714 GBP
10p ordinary	CFD	Increasing a short position	4,399	3.7720 GBP
10p ordinary	CFD	Increasing a short position	131,306	3.7720 GBP
10p ordinary	CFD	Increasing a short position	1,534	3.7720 GBP
10p ordinary	CFD	Increasing a short position	33,523	3.7720 GBP
10p ordinary	CFD	Increasing a long position	1,424	3.7738 GBP
10p ordinary	CFD	Reducing a short position	5,155	3.7750 GBP
10p ordinary	CFD	Increasing a short position	213	3.7750 GBP
10p ordinary	CFD	Increasing a short position	5,302	3.7750 GBP
10p ordinary	CFD	Reducing a short position	360	3.7750 GBP
10p ordinary	CFD	Increasing a short position	392,852	3.7760 GBP
10p ordinary	CFD	Increasing a short position	21,081	3.7766 GBP
10p ordinary	CFD	Increasing a short position	7,670	3.7766 GBP
10p ordinary	CFD	Increasing a short position	36,132	3.7767 GBP
10p ordinary	CFD	Increasing a short position	25,000	3.7780 GBP
10p ordinary	CFD	Increasing a short position	17,899	3.7780 GBP
10p ordinary	CFD	Reducing a long position	6	3.7801 GBP
10p ordinary	CFD	Reducing a long position	4	3.7801 GBP
10p ordinary	CFD	Reducing a long position	8,566	3.7803 GBP
10p ordinary	CFD	Reducing a long position	1,707	3.7803 GBP
10p ordinary	CFD	Reducing a long position	1,182	3.7803 GBP
10p ordinary	CFD	Reducing a long position	2,149	3.7805 GBP
10p ordinary	CFD	Reducing a long position	15,429	3.7805 GBP
10p ordinary	CFD	Reducing a long position	3,105	3.7805 GBP
10p ordinary	CFD	Reducing a long position	564	3.7808 GBP
10p ordinary	CFD	Reducing a long position	112	3.7808 GBP
10p ordinary	CFD	Reducing a long position	77	3.7808 GBP
10p ordinary	CFD	Reducing a long position	2,400	3.7812 GBP
10p ordinary	CFD	Reducing a long position	479	3.7812 GBP
10p ordinary	CFD	Reducing a long position	331	3.7812 GBP
10p ordinary	CFD	Reducing a long position	65	3.7815 GBP
10p ordinary	CFD	Reducing a long position	11	3.7815 GBP
10p ordinary	CFD	Reducing a long position	8	3.7815 GBP
10p ordinary	CFD	Reducing a long position	708	3.7833 GBP
10p ordinary	CFD	Reducing a long position	142	3.7833 GBP
10p ordinary	CFD	Reducing a long position	98	3.7833 GBP
10p ordinary	CFD	Increasing a short position	72,185	3.7957 GBP
10p ordinary	CFD	Increasing a short position	176,626	3.7957 GBP
10p ordinary	CFD	Increasing a short position	28,877	3.7957 GBP
10p ordinary	CFD	Increasing a short position	30,705	3.7957 GBP
10p ordinary	CFD	Increasing a short position	26,995	3.7957 GBP
10p ordinary	CFD	Reducing a short position	12,625	3.7988 GBP
10p ordinary	CFD	Increasing a short position	43,490	4.7992 USD
10p ordinary	CFD	Opening a short position	37,798	4.8067 USD
10p ordinary	CFD	Increasing a short position	500,000	4.8098 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:	24 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