Form 8.5 (EPT/RI) - SMITH DS

GoldmanSachs International

26 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:	25 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	6,173,242	3.4700 GBP	3.2490 GBP
10p ordinary	Sales	9,542,948 22,320	3.4600 GBP 4.2150 USD	3.2490 GBP 4.2150 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	Reducing a short position	500,000	3.3011 GBP
10p ordinary	CFD	Opening a long position	150,620	3.3311 GBP
10p ordinary	CFD	Opening a long position	61,380	3.3311 GBP
10p ordinary	CFD	Reducing a short position	4,832	3.3400 GBP
10p ordinary	CFD	Reducing a short position	771	3.3400 GBP
10p ordinary	CFD	Reducing a short position	1,947	3.3400 GBP
10p ordinary	CFD	Reducing a short position	14,976	3.3400 GBP
10p ordinary	CFD	Reducing a short position	4,832	3.3400 GBP
10p ordinary	CFD	Reducing a short position	3,382	3.3400 GBP
10p ordinary	CFD	Opening a short position	782	3.3640 GBP
10p ordinary	CFD	Opening a short position	13,064	3.3640 GBP
10p ordinary	CFD	Opening a short position	718	3.3640 GBP
10p ordinary	CFD	Reducing a short position	58,200	3.3994 GBP
10p ordinary	CFD	Reducing a short position	843,376	3.3998 GBP
10p ordinary	CFD	Reducing a short position	360,642	3.4000 GBP
10p ordinary	CFD	Increasing a short position	47,845	3.4000 GBP
10p ordinary	CFD	Reducing a long position	2,805	3.4001 GBP
10p ordinary	CFD	Reducing a long position	27,292	3.4001 GBP
10p ordinary	CFD	Reducing a long position	16,758	3.4005 GBP
10p ordinary	CFD	Increasing a short position	164,347	3.4020 GBP
10p ordinary	CFD	Increasing a short position	36,305	3.4094 GBP
10p ordinary	CFD	Increasing a long position	772	3.4126 GBP
10p ordinary	CFD	Reducing a short position	905	3.4138 GBP
10p ordinary	CFD	Increasing a short position	17,311	3.4252 GBP
10p ordinary	CFD	Increasing a short position	61,464	3.4311 GBP
10p ordinary	CFD	Increasing a short position	15,201	3.4311 GBP
10p ordinary	CFD	Increasing a short position	13,160	3.4311 GBP
10p ordinary	CFD	Increasing a short position	139,730	3.4311 GBP
10p ordinary	CFD	Increasing a short position	46,514	3.4311 GBP
10p ordinary	CFD	Increasing a short position	3,674	3.4311 GBP
10p ordinary	CFD	Increasing a short position	11,118	3.4311 GBP
10p ordinary	CFD	Reducing a short position	190,028	3.4319 GBP
10p ordinary	CFD	Opening a long position	128,571	3.4383 GBP
10p ordinary	CFD	Reducing a short position	63,728	3.4438 GBP
10p ordinary	CFD	Increasing a short position	11	3.4562 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:	26 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