Form 8.5 (EPT/RI) - SMITH DS PLC

GoldmanSachs International

05 June 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:	04 June 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	1,902,874 271,122	3.7800 GBP 4.8161 USD	3.7342 GBP 4.8128 USD
10p ordinary	Sales	11,546,566 5,545,167	3.7970 GBP 4.8424 USD	3.7250 GBP 4.8424 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	Increasing a short position	371	3.7276 GBP
10p ordinary	CFD	Increasing a short position	1,941	3.7277 GBP
10p ordinary	CFD	Increasing a short position	7,688	3.7277 GBP
10p ordinary	CFD	Increasing a short position	3,883	3.7330 GBP
10p ordinary	CFD	Increasing a short position	743	3.7330 GBP
10p ordinary	CFD	Increasing a short position	15,374	3.7330 GBP
10p ordinary	CFD	Reducing a short position	12,859	3.7337 GBP
10p ordinary	CFD	Opening a short position	24,912	3.7374 GBP
10p ordinary	CFD	Reducing a long position	5,241	3.7475 GBP
10p ordinary	CFD	Reducing a short position	675	3.7492 GBP
10p ordinary	CFD	Reducing a short position	5,655	3.7492 GBP
10p ordinary	CFD	Reducing a short position	10,012	3.7492 GBP
10p ordinary	CFD	Increasing a short position	1,660	3.7519 GBP
10p ordinary	CFD	Increasing a short position	318	3.7519 GBP
10p ordinary	CFD	Increasing a short position	6,574	3.7519 GBP
10p ordinary	CFD	Reducing a short position	240	3.7540 GBP
10p ordinary	CFD	Reducing a short position	1,917	3.7540 GBP
10p ordinary	CFD	Reducing a short position	8,312	3.7540 GBP
10p ordinary	CFD	Increasing a short position	5,135	3.7551 GBP
10p ordinary	CFD	Increasing a short position	982	3.7551 GBP
10p ordinary	CFD	Increasing a short position	20,331	3.7551 GBP
10p ordinary	CFD	Reducing a short position	303	3.7551 GBP
10p ordinary	CFD	Reducing a short position	992	3.7551 GBP
10p ordinary	CFD	Reducing a short position	1	3.7554 GBP
10p ordinary	CFD	Reducing a short position	85	3.7554 GBP
10p ordinary	CFD	Reducing a short position	411	3.7583 GBP
10p ordinary	CFD	Reducing a short position	1,341	3.7583 GBP
10p ordinary	CFD	Increasing a short position	2,912	3.7611 GBP
10p ordinary	CFD	Increasing a short position	557	3.7611 GBP
10p ordinary	CFD	Increasing a short position	11,531	3.7611 GBP
10p ordinary	CFD	Increasing a short position	13,293	3.7619 GBP
10p ordinary	CFD	Reducing a long position	5,145	3.7620 GBP
10p ordinary	CFD	Reducing a long position	1	3.7621 GBP
10p ordinary	CFD	Increasing a short position	372	3.7621 GBP
10p ordinary	CFD	Increasing a short position	12,118	3.7654 GBP
10p ordinary	CFD	Increasing a short position	1,851	3.7654 GBP
10p ordinary	CFD	Increasing a short position	38,488	3.7686 GBP
10p ordinary	CFD	Increasing a short position	1,941	3.7698 GBP
10p ordinary	CFD	Increasing a short position	371	3.7698 GBP
10p ordinary	CFD	Increasing a short position	7,688	3.7698 GBP
10p ordinary	CFD	Increasing a short position	1,941	3.7710 GBP
10p ordinary	CFD	Increasing a short position	371	3.7710 GBP
10p ordinary	CFD	Increasing a short position	7,688	3.7710 GBP
10p ordinary	CFD	Increasing a short position	4,853	3.7711 GBP
10p ordinary	CFD	Increasing a short position	929	3.7711 GBP
10p ordinary	CFD	Increasing a short position	19,218	3.7711 GBP
10p ordinary	CFD	Increasing a short position	971	3.7774 GBP
10p ordinary	CFD	Increasing a short position	185	3.7774 GBP
10p ordinary	CFD	Increasing a short position	3,844	3.7774 GBP
10p ordinary	CFD	Increasing a short position	1,660	3.7777 GBP
10p ordinary	CFD	Increasing a short position	318	3.7777 GBP
10p ordinary	CFD	Increasing a short position	6,574	3.7777 GBP
10p ordinary	CFD	Increasing a short position	1,941	3.7802 GBP
10p ordinary	CFD	Increasing a short position	371	3.7802 GBP
10p ordinary	CFD	Increasing a short position	7,688	3.7802 GBP
10p ordinary	CFD	Reducing a short position	126,041	3.7980 GBP
10p ordinary	CFD	Opening a short position	134,247	4.8128 USD
10p ordinary	CFD	Opening a short position	136,875	4.8161 USD
10p ordinary	SWAP	Reducing a long position	4,250,831	3.7840 GBP
10p ordinary	SWAP	Increasing a long position	4,250,831	3.7840 GBP

(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:	05 June 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