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

GoldmanSachs International

25 October 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 October 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	825,549	4.8160 GBP	4.7600 GBP
10p ordinary	Sales	820,732 22,996	4.8180 GBP 6.1969 USD	4.7620 GBP 6.1969 USD

(b)        Cash-settled derivative transactions48387233

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	17,902	4.7614 GBP
10p ordinary	CFD	Reducing a long position	89	4.7695 GBP
10p ordinary	CFD	Reducing a long position	30	4.7695 GBP
10p ordinary	CFD	Reducing a long position	47	4.7695 GBP
10p ordinary	CFD	Reducing a long position	348	4.7695 GBP
10p ordinary	CFD	Reducing a long position	89	4.7695 GBP
10p ordinary	CFD	Reducing a long position	394	4.7695 GBP
10p ordinary	CFD	Reducing a long position	115	4.7739 GBP
10p ordinary	CFD	Reducing a long position	38	4.7739 GBP
10p ordinary	CFD	Reducing a long position	60	4.7739 GBP
10p ordinary	CFD	Reducing a long position	447	4.7739 GBP
10p ordinary	CFD	Reducing a long position	115	4.7739 GBP
10p ordinary	CFD	Reducing a long position	506	4.7739 GBP
10p ordinary	CFD	Reducing a long position	1,233	4.7774 GBP
10p ordinary	CFD	Opening a short position	6,500	4.7782 GBP
10p ordinary	CFD	Reducing a long position	961	4.7786 GBP
10p ordinary	CFD	Reducing a long position	321	4.7786 GBP
10p ordinary	CFD	Reducing a long position	506	4.7786 GBP
10p ordinary	CFD	Reducing a long position	3,750	4.7786 GBP
10p ordinary	CFD	Reducing a long position	961	4.7786 GBP
10p ordinary	CFD	Reducing a long position	4,241	4.7786 GBP
10p ordinary	CFD	Reducing a short position	765	4.7865 GBP
10p ordinary	CFD	Reducing a short position	60,653	4.7865 GBP
10p ordinary	CFD	Opening a short position	664	4.7907 GBP
10p ordinary	CFD	Opening a short position	14,498	4.7907 GBP
10p ordinary	CFD	Opening a short position	34,148	4.7907 GBP
10p ordinary	CFD	Opening a short position	2,084	4.7907 GBP
10p ordinary	CFD	Opening a short position	251	4.7929 GBP
10p ordinary	CFD	Reducing a long position	262	4.7934 GBP
10p ordinary	CFD	Reducing a short position	21,447	4.7950 GBP
10p ordinary	CFD	Reducing a long position	267	4.7954 GBP
10p ordinary	CFD	Reducing a long position	89	4.7954 GBP
10p ordinary	CFD	Reducing a long position	141	4.7954 GBP
10p ordinary	CFD	Reducing a long position	1,043	4.7954 GBP
10p ordinary	CFD	Reducing a long position	267	4.7954 GBP
10p ordinary	CFD	Reducing a long position	1,180	4.7954 GBP
10p ordinary	CFD	Reducing a long position	20	4.7960 GBP
10p ordinary	CFD	Increasing a long position	833	4.7987 GBP
10p ordinary	CFD	Increasing a long position	1,064	4.7987 GBP
10p ordinary	CFD	Reducing a long position	814	4.8130 GBP
10p ordinary	CFD	Reducing a long position	272	4.8130 GBP
10p ordinary	CFD	Reducing a long position	428	4.8130 GBP
10p ordinary	CFD	Reducing a long position	3,173	4.8130 GBP
10p ordinary	CFD	Reducing a long position	814	4.8130 GBP
10p ordinary	CFD	Reducing a long position	3,588	4.8130 GBP
10p ordinary	CFD	Reducing a long position	946	4.8190 GBP
10p ordinary	CFD	Reducing a long position	316	4.8190 GBP
10p ordinary	CFD	Reducing a long position	498	4.8190 GBP
10p ordinary	CFD	Reducing a long position	3,690	4.8190 GBP
10p ordinary	CFD	Reducing a long position	946	4.8190 GBP
10p ordinary	CFD	Reducing a long position	4,174	4.8190 GBP
10p ordinary	CFD	Reducing a short position	22,996	6.1969 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:	25 October 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