Form 8.5 (EPT/RI)-SMITH DS

GoldmanSachs International

01 April 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:	28 March 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 & MONDI PLC

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	11,362,096	4.0030 GBP	3.8608 GBP
10p ordinary	Sales	8,380,483	4.0030 GBP	3.9390 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 short position	2,114	3.8616 GBP
10p ordinary	CFD	Opening a short position	3,840	3.8616 GBP
10p ordinary	CFD	Opening a short position	30,986	3.8616 GBP
10p ordinary	CFD	Opening a short position	1,921	3.8616 GBP
10p ordinary	CFD	Opening a short position	6,720	3.8674 GBP
10p ordinary	CFD	Opening a short position	54,226	3.8674 GBP
10p ordinary	CFD	Opening a short position	3,362	3.8674 GBP
10p ordinary	CFD	Opening a short position	3,700	3.8674 GBP
10p ordinary	CFD	Opening a short position	171,900	3.9399 GBP
10p ordinary	CFD	Opening a short position	1,201	3.9447 GBP
10p ordinary	CFD	Opening a short position	1,322	3.9447 GBP
10p ordinary	CFD	Opening a short position	19,366	3.9447 GBP
10p ordinary	CFD	Opening a short position	2,400	3.9447 GBP
10p ordinary	CFD	Opening a short position	964	3.9517 GBP
10p ordinary	CFD	Opening a short position	1,930	3.9517 GBP
10p ordinary	CFD	Opening a short position	862	3.9517 GBP
10p ordinary	CFD	Opening a short position	15,570	3.9517 GBP
10p ordinary	CFD	Reducing a short position	14,277	3.9520 GBP
10p ordinary	CFD	Reducing a short position	1,133	3.9544 GBP
10p ordinary	CFD	Reducing a short position	2,638	3.9544 GBP
10p ordinary	CFD	Reducing a short position	2,638	3.9544 GBP
10p ordinary	CFD	Reducing a short position	2,533	3.9544 GBP
10p ordinary	CFD	Reducing a short position	11,992	3.9545 GBP
10p ordinary	CFD	Reducing a short position	5,787	3.9545 GBP
10p ordinary	CFD	Reducing a short position	65,763	3.9562 GBP
10p ordinary	CFD	Reducing a short position	41,715	3.9562 GBP
10p ordinary	CFD	Increasing a short position	14,356	3.9571 GBP
10p ordinary	CFD	Increasing a short position	1,405	3.9602 GBP
10p ordinary	CFD	Opening a short position	115,401	3.9608 GBP
10p ordinary	CFD	Opening a short position	5,580	3.9608 GBP
10p ordinary	CFD	Opening a short position	29,019	3.9608 GBP
10p ordinary	CFD	Increasing a short position	117,534	3.9619 GBP
10p ordinary	CFD	Increasing a short position	107,187	3.9619 GBP
10p ordinary	CFD	Increasing a short position	127,898	3.9619 GBP
10p ordinary	CFD	Increasing a short position	140,828	3.9619 GBP
10p ordinary	CFD	Increasing a short position	782,280	3.9619 GBP
10p ordinary	CFD	Increasing a short position	9,300	3.9623 GBP
10p ordinary	CFD	Increasing a short position	48,365	3.9623 GBP
10p ordinary	CFD	Increasing a short position	192,335	3.9623 GBP
10p ordinary	CFD	Reducing a short position	427,814	3.9668 GBP
10p ordinary	CFD	Increasing a short position	4,387	3.9670 GBP
10p ordinary	CFD	Increasing a short position	535	3.9670 GBP
10p ordinary	CFD	Increasing a short position	7,600	3.9694 GBP
10p ordinary	CFD	Opening a short position	399,166	3.9728 GBP
10p ordinary	CFD	Reducing a short position	223,153	3.9735 GBP
10p ordinary	CFD	Opening a short position	432	3.9737 GBP
10p ordinary	CFD	Opening a short position	964	3.9737 GBP
10p ordinary	CFD	Opening a short position	7,786	3.9737 GBP
10p ordinary	CFD	Opening a short position	483	3.9737 GBP
10p ordinary	CFD	Reducing a short position	12,065	3.9752 GBP
10p ordinary	CFD	Reducing a short position	4,795	3.9767 GBP
10p ordinary	CFD	Opening a short position	171,900	3.9769 GBP
10p ordinary	CFD	Reducing a short position	7,597	3.9777 GBP
10p ordinary	CFD	Reducing a short position	340,000	3.9796 GBP
10p ordinary	CFD	Reducing a short position	14,211	3.9798 GBP
10p ordinary	CFD	Opening a short position	101,000	3.9826 GBP
10p ordinary	CFD	Opening a short position	136,240	3.9877 GBP
10p ordinary	CFD	Opening a short position	7,550	3.9877 GBP
10p ordinary	CFD	Opening a short position	16,882	3.9877 GBP
10p ordinary	CFD	Opening a short position	8,442	3.9877 GBP
10p ordinary	CFD	Increasing a short position	101,550	3.9885 GBP
10p ordinary	CFD	Reducing a short position	244	3.9906 GBP
10p ordinary	CFD	Reducing a short position	150,000	3.9943 GBP
10p ordinary	CFD	Reducing a short position	24,033	3.9966 GBP
10p ordinary	CFD	Reducing a long position	80	4.0027 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:	01 April 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