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

GoldmanSachs International

27 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:	24 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	9,826,343 233,598	3.7390 GBP 4.7280 USD	3.6220 GBP 4.7188 USD
10p ordinary	Sales	7,637,560	3.7420 GBP	3.6239 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	Reducing a short position	239,045	3.6131 GBP
10p ordinary	CFD	Reducing a short position	128,706	3.6131 GBP
10p ordinary	CFD	Reducing a short position	132,249	3.6239 GBP
10p ordinary	CFD	Reducing a long position	74,429	3.6290 GBP
10p ordinary	CFD	Increasing a short position	2,971	3.6600 GBP
10p ordinary	CFD	Increasing a short position	76,600	3.6601 GBP
10p ordinary	CFD	Increasing a short position	55,556	3.6601 GBP
10p ordinary	CFD	Increasing a short position	466,445	3.6601 GBP
10p ordinary	CFD	Increasing a short position	78,858	3.6601 GBP
10p ordinary	CFD	Increasing a short position	72,541	3.6601 GBP
10p ordinary	CFD	Increasing a short position	46	3.6676 GBP
10p ordinary	CFD	Increasing a short position	1,309	3.6676 GBP
10p ordinary	CFD	Increasing a short position	103	3.6676 GBP
10p ordinary	CFD	Increasing a short position	3,648	3.6676 GBP
10p ordinary	CFD	Increasing a short position	949	3.6712 GBP
10p ordinary	CFD	Increasing a short position	3,058	3.6712 GBP
10p ordinary	CFD	Increasing a short position	51,067	3.6946 GBP
10p ordinary	CFD	Increasing a short position	37,037	3.6946 GBP
10p ordinary	CFD	Increasing a short position	310,963	3.6946 GBP
10p ordinary	CFD	Increasing a short position	52,572	3.6946 GBP
10p ordinary	CFD	Increasing a short position	48,361	3.6946 GBP
10p ordinary	CFD	Increasing a short position	56,306	3.6950 GBP
10p ordinary	CFD	Increasing a short position	40,837	3.6950 GBP
10p ordinary	CFD	Increasing a short position	342,868	3.6950 GBP
10p ordinary	CFD	Increasing a short position	57,966	3.6950 GBP
10p ordinary	CFD	Increasing a short position	53,323	3.6950 GBP
10p ordinary	CFD	Reducing a short position	297	3.6954 GBP
10p ordinary	CFD	Reducing a short position	956	3.6954 GBP
10p ordinary	CFD	Reducing a long position	337	3.6961 GBP
10p ordinary	CFD	Opening a short position	1,696	3.6961 GBP
10p ordinary	CFD	Reducing a long position	233	3.6961 GBP
10p ordinary	CFD	Reducing a long position	3,657	3.6963 GBP
10p ordinary	CFD	Opening a short position	3,082	3.6963 GBP
10p ordinary	CFD	Reducing a short position	497	3.7000 GBP
10p ordinary	CFD	Reducing a short position	881	3.7014 GBP
10p ordinary	CFD	Reducing a short position	2,841	3.7014 GBP
10p ordinary	CFD	Increasing a long position	677	3.7024 GBP
10p ordinary	CFD	Increasing a short position	108	3.7026 GBP
10p ordinary	CFD	Increasing a short position	2,307	3.7026 GBP
10p ordinary	CFD	Increasing a short position	243	3.7026 GBP
10p ordinary	CFD	Increasing a short position	6,099	3.7026 GBP
10p ordinary	CFD	Reducing a short position	3,043	3.7044 GBP
10p ordinary	CFD	Increasing a short position	37,798	3.7044 GBP
10p ordinary	CFD	Increasing a short position	507,209	3.7058 GBP
10p ordinary	CFD	Reducing a long position	536	3.7099 GBP
10p ordinary	CFD	Reducing a long position	371	3.7099 GBP
10p ordinary	CFD	Reducing a long position	165	3.7100 GBP
10p ordinary	CFD	Reducing a long position	115	3.7100 GBP
10p ordinary	CFD	Reducing a short position	10,955	3.7102 GBP
10p ordinary	CFD	Reducing a short position	239,045	3.7102 GBP
10p ordinary	CFD	Increasing a short position	92,791	3.7105 GBP
10p ordinary	CFD	Reducing a short position	15,000	3.7114 GBP
10p ordinary	CFD	Reducing a short position	121,294	3.7114 GBP
10p ordinary	CFD	Reducing a short position	128,706	3.7114 GBP
10p ordinary	CFD	Increasing a short position	10,463	3.7121 GBP
10p ordinary	CFD	Reducing a long position	5,400	3.7132 GBP
10p ordinary	CFD	Increasing a short position	12,520	3.7132 GBP
10p ordinary	CFD	Reducing a long position	3,739	3.7132 GBP
10p ordinary	CFD	Reducing a long position	1,287	3.7138 GBP
10p ordinary	CFD	Reducing a long position	890	3.7138 GBP
10p ordinary	CFD	Reducing a long position	6,850	3.7144 GBP
10p ordinary	CFD	Reducing a long position	1,943	3.7144 GBP
10p ordinary	CFD	Reducing a long position	2,301	3.7152 GBP
10p ordinary	CFD	Reducing a long position	1,593	3.7152 GBP
10p ordinary	CFD	Reducing a long position	414	3.7154 GBP
10p ordinary	CFD	Reducing a long position	285	3.7154 GBP
10p ordinary	CFD	Reducing a long position	154	3.7164 GBP
10p ordinary	CFD	Reducing a long position	107	3.7164 GBP
10p ordinary	CFD	Reducing a long position	215	3.7164 GBP
10p ordinary	CFD	Reducing a long position	149	3.7164 GBP
10p ordinary	CFD	Increasing a short position	61,281	3.7298 GBP
10p ordinary	CFD	Increasing a short position	44,444	3.7298 GBP
10p ordinary	CFD	Increasing a short position	373,156	3.7298 GBP
10p ordinary	CFD	Increasing a short position	63,086	3.7298 GBP
10p ordinary	CFD	Increasing a short position	58,033	3.7298 GBP
10p ordinary	CFD	Reducing a short position	11	3.7302 GBP
10p ordinary	CFD	Increasing a short position	49	3.7351 GBP
10p ordinary	CFD	Increasing a short position	159	3.7351 GBP
10p ordinary	CFD	Increasing a short position	33,598	4.7188 USD
10p ordinary	CFD	Increasing a short position	199,078	4.7280 USD
10p ordinary	CFD	Increasing a short position	922	4.7299 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:	27 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