Form 8.5 (EPT/RI) - SMITH DS

GoldmanSachs International

23 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:	Advisor to SMITH (DS) PLC
(d) Date dealing undertaken:	22 April 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	4,375,726	3.6320 GBP	3.5370 GBP
10p ordinary	Sales	9,600,603 80,000 6,500,000	3.6190 GBP 4.3774 USD 4.1110 EUR	3.5340 GBP 4.3774 USD 4.1110 EUR

(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 long position	1,495	3.5440 GBP
10p ordinary	CFD	Reducing a short position	33,292	3.5475 GBP
10p ordinary	CFD	Increasing a long position	1,933	3.5477 GBP
10p ordinary	CFD	Reducing a long position	1,055	3.5481 GBP
10p ordinary	CFD	Reducing a long position	1,543	3.5481 GBP
10p ordinary	CFD	Reducing a long position	90,613	3.5488 GBP
10p ordinary	CFD	Reducing a long position	188	3.5488 GBP
10p ordinary	CFD	Reducing a long position	9,425	3.5488 GBP
10p ordinary	CFD	Reducing a long position	17	3.5544 GBP
10p ordinary	CFD	Reducing a long position	89	3.5544 GBP
10p ordinary	CFD	Reducing a long position	3,374	3.5552 GBP
10p ordinary	CFD	Reducing a long position	2,086	3.5552 GBP
10p ordinary	CFD	Reducing a short position	1,116,067	3.5552 GBP
10p ordinary	CFD	Reducing a long position	700	3.5579 GBP
10p ordinary	CFD	Reducing a long position	14,634	3.5579 GBP
10p ordinary	CFD	Reducing a long position	207	3.5601 GBP
10p ordinary	CFD	Reducing a long position	1,660	3.5611 GBP
10p ordinary	CFD	Reducing a long position	7,573	3.5611 GBP
10p ordinary	CFD	Reducing a long position	4,966	3.5611 GBP
10p ordinary	CFD	Reducing a long position	1,354	3.5622 GBP
10p ordinary	CFD	Reducing a long position	1,990	3.5622 GBP
10p ordinary	CFD	Reducing a long position	9,076	3.5622 GBP
10p ordinary	CFD	Reducing a long position	146	3.5694 GBP
10p ordinary	CFD	Reducing a long position	234,707	3.5704 GBP
10p ordinary	CFD	Opening a short position	384,113	3.5704 GBP
10p ordinary	CFD	Reducing a short position	46,758	3.5722 GBP
10p ordinary	CFD	Reducing a short position	40,491	3.5788 GBP
10p ordinary	CFD	Reducing a long position	4,421	3.5815 GBP
10p ordinary	CFD	Reducing a long position	42,495	3.5815 GBP
10p ordinary	CFD	Reducing a long position	89	3.5816 GBP
10p ordinary	CFD	Reducing a short position	92,350	3.5901 GBP
10p ordinary	CFD	Reducing a short position	2,806,510	3.5920 GBP
10p ordinary	CFD	Reducing a short position	67,800	3.5928 GBP
10p ordinary	CFD	Reducing a short position	30,222	3.5933 GBP
10p ordinary	CFD	Reducing a short position	1,461	3.5933 GBP
10p ordinary	CFD	Reducing a short position	7,599	3.5933 GBP
10p ordinary	CFD	Reducing a long position	45	3.5962 GBP
10p ordinary	CFD	Reducing a long position	536	3.5963 GBP
10p ordinary	CFD	Opening a short position	111,629	3.5964 GBP
10p ordinary	CFD	Reducing a long position	67	3.5966 GBP
10p ordinary	CFD	Reducing a short position	2,705	3.6013 GBP
10p ordinary	CFD	Increasing a short position	13,649	3.6135 GBP
10p ordinary	CFD	Opening a short position	164,347	3.6259 GBP
10p ordinary	CFD	Opening a long position	80,000	4.3774 USD
10p ordinary	CFD	Opening a short position	2,806,510	4.4241 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:	23 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