Form 8.5 (EPT/RI) - SMITH DS

GoldmanSachs International

28 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:	27 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	17,741,365 5,622,452	4.2620 GBP 5.3567 USD	3.8700 GBP 4.6561 USD
10p ordinary	Sales	16,949,274 4,998,462	4.2620 GBP 5.3390 USD	3.6895 GBP 4.9539 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	9,310	3.6895 GBP
10p ordinary	CFD	Reducing a short position	10,429	3.6900 GBP
10p ordinary	CFD	Increasing a short position	105,465	3.8827 GBP
10p ordinary	CFD	Increasing a short position	124,789	3.8827 GBP
10p ordinary	CFD	Increasing a short position	656,261	3.8827 GBP
10p ordinary	CFD	Increasing a short position	113,485	3.8827 GBP
10p ordinary	CFD	Reducing a short position	16,000	3.8974 GBP
10p ordinary	CFD	Reducing a short position	2,000	3.8974 GBP
10p ordinary	CFD	Reducing a short position	32,000	3.8990 GBP
10p ordinary	CFD	Reducing a short position	4,000	3.8991 GBP
10p ordinary	CFD	Reducing a short position	8,000	3.8992 GBP
10p ordinary	CFD	Reducing a short position	8,000	3.8992 GBP
10p ordinary	CFD	Reducing a short position	1,000	3.8992 GBP
10p ordinary	CFD	Reducing a short position	1,000	3.8992 GBP
10p ordinary	CFD	Reducing a short position	1,529	3.9000 GBP
10p ordinary	CFD	Reducing a short position	2,259	3.9002 GBP
10p ordinary	CFD	Reducing a short position	47,198	3.9105 GBP
10p ordinary	CFD	Reducing a short position	78,664	3.9105 GBP
10p ordinary	CFD	Reducing a short position	23,421	3.9105 GBP
10p ordinary	CFD	Reducing a short position	128,257	3.9105 GBP
10p ordinary	CFD	Reducing a short position	153,506	3.9105 GBP
10p ordinary	CFD	Reducing a short position	590	3.9105 GBP
10p ordinary	CFD	Reducing a short position	16,911	3.9161 GBP
10p ordinary	CFD	Reducing a short position	23,421	3.9161 GBP
10p ordinary	CFD	Reducing a short position	78,664	3.9161 GBP
10p ordinary	CFD	Reducing a short position	128,257	3.9161 GBP
10p ordinary	CFD	Reducing a short position	153,505	3.9161 GBP
10p ordinary	CFD	Reducing a short position	30,876	3.9161 GBP
10p ordinary	CFD	Reducing a short position	32,000	3.9224 GBP
10p ordinary	CFD	Reducing a short position	4,000	3.9224 GBP
10p ordinary	CFD	Opening a short position	4,117	3.9348 GBP
10p ordinary	CFD	Reducing a long position	10,969	3.9348 GBP
10p ordinary	CFD	Opening a short position	250,000	3.9379 GBP
10p ordinary	CFD	Increasing a short position	200,303	4.0269 GBP
10p ordinary	CFD	Increasing a short position	1,965	4.0322 GBP
10p ordinary	CFD	Reducing a short position	32,000	4.0482 GBP
10p ordinary	CFD	Reducing a short position	4,000	4.0482 GBP
10p ordinary	CFD	Increasing a short position	727	4.0519 GBP
10p ordinary	CFD	Opening a short position	250,000	4.0834 GBP
10p ordinary	CFD	Increasing a short position	51,364	4.0868 GBP
10p ordinary	CFD	Reducing a long position	7,884	4.1264 GBP
10p ordinary	CFD	Reducing a long position	8,097	4.1264 GBP
10p ordinary	CFD	Reducing a long position	5,519	4.1264 GBP
10p ordinary	CFD	Reducing a short position	562	4.1411 GBP
10p ordinary	CFD	Reducing a short position	149	4.1411 GBP
10p ordinary	CFD	Reducing a short position	1,194	4.1411 GBP
10p ordinary	CFD	Reducing a short position	2,656	4.1411 GBP
10p ordinary	CFD	Reducing a short position	10,827	4.1411 GBP
10p ordinary	CFD	Reducing a short position	4,893	4.1411 GBP
10p ordinary	CFD	Reducing a short position	282	4.1411 GBP
10p ordinary	CFD	Reducing a short position	3,936	4.1412 GBP
10p ordinary	CFD	Reducing a short position	5,655	4.1412 GBP
10p ordinary	CFD	Reducing a short position	815	4.1412 GBP
10p ordinary	CFD	Reducing a short position	690	4.1412 GBP
10p ordinary	CFD	Reducing a short position	782	4.1412 GBP
10p ordinary	CFD	Reducing a short position	6,008	4.1412 GBP
10p ordinary	CFD	Reducing a short position	832	4.1412 GBP
10p ordinary	CFD	Reducing a short position	12,541	4.1412 GBP
10p ordinary	CFD	Reducing a short position	5,744	4.1412 GBP
10p ordinary	CFD	Reducing a short position	3,384	4.1412 GBP
10p ordinary	CFD	Reducing a short position	109,989	4.1412 GBP
10p ordinary	CFD	Reducing a short position	637	4.1412 GBP
10p ordinary	CFD	Reducing a short position	12,596	4.1412 GBP
10p ordinary	CFD	Reducing a short position	49,714	4.1412 GBP
10p ordinary	CFD	Reducing a short position	216	4.1412 GBP
10p ordinary	CFD	Reducing a short position	709	4.1412 GBP
10p ordinary	CFD	Reducing a short position	1,667	4.1412 GBP
10p ordinary	CFD	Increasing a short position	76,887	4.1642 GBP
10p ordinary	CFD	Increasing a short position	3,713	4.1642 GBP
10p ordinary	CFD	Increasing a short position	19,400	4.1642 GBP
10p ordinary	CFD	Opening a short position	280,000	4.1791 GBP
10p ordinary	CFD	Increasing a long position	7,170	4.1842 GBP
10p ordinary	CFD	Opening a short position	5,781	4.1910 GBP
10p ordinary	CFD	Increasing a short position	194,708	4.1949 GBP
10p ordinary	CFD	Reducing a short position	789,284	4.2011 GBP
10p ordinary	CFD	Reducing a short position	815	4.2167 GBP
10p ordinary	CFD	Reducing a short position	14,111	4.2167 GBP
10p ordinary	CFD	Reducing a short position	1,707	4.2167 GBP
10p ordinary	CFD	Reducing a short position	9,555	4.2167 GBP
10p ordinary	CFD	Reducing a short position	548	4.2167 GBP
10p ordinary	CFD	Reducing a short position	4,977	4.2167 GBP
10p ordinary	CFD	Reducing a short position	26,034	4.2167 GBP
10p ordinary	CFD	Reducing a short position	54,226	4.2167 GBP
10p ordinary	CFD	Reducing a short position	30,986	4.2167 GBP
10p ordinary	CFD	Reducing a short position	3,700	4.2167 GBP
10p ordinary	CFD	Reducing a short position	8,539	4.2167 GBP
10p ordinary	CFD	Reducing a short position	8,137	4.2167 GBP
10p ordinary	CFD	Reducing a short position	1,173	4.2167 GBP
10p ordinary	CFD	Opening a short position	14,852	4.2176 GBP
10p ordinary	CFD	Opening a short position	307,548	4.2176 GBP
10p ordinary	CFD	Opening a short position	77,600	4.2176 GBP
10p ordinary	CFD	Reducing a short position	67,196	4.2198 GBP
10p ordinary	CFD	Increasing a short position	230,661	4.2372 GBP
10p ordinary	CFD	Increasing a short position	11,139	4.2372 GBP
10p ordinary	CFD	Increasing a short position	58,200	4.2372 GBP
10p ordinary	CFD	Reducing a short position	4,128	4.2548 GBP
10p ordinary	CFD	Reducing a short position	23,595	4.2548 GBP
10p ordinary	CFD	Reducing a short position	4,435	4.2548 GBP
10p ordinary	CFD	Reducing a short position	2,090	4.2548 GBP
10p ordinary	CFD	Reducing a short position	1,244	4.2548 GBP
10p ordinary	CFD	Reducing a short position	418	4.2548 GBP
10p ordinary	CFD	Reducing a short position	75	4.2548 GBP
10p ordinary	CFD	Opening a long position	2,926	4.2551 GBP
10p ordinary	CFD	Reducing a short position	4,844	4.2551 GBP
10p ordinary	CFD	Increasing a long position	1,017	4.2617 GBP
10p ordinary	CFD	Increasing a long position	2,512	4.2617 GBP
10p ordinary	CFD	Increasing a short position	46,700	4.6561 USD
10p ordinary	CFD	Increasing a short position	1,019,298	4.9406 USD
10p ordinary	CFD	Increasing a short position	180,000	5.0087 USD
10p ordinary	CFD	Increasing a short position	70,000	5.0087 USD
10p ordinary	CFD	Increasing a short position	250,000	5.0292 USD
10p ordinary	CFD	Increasing a short position	41,998	5.1658 USD
10p ordinary	CFD	Opening a short position	77,478	5.1843 USD
10p ordinary	CFD	Reducing a long position	422,522	5.1843 USD
10p ordinary	CFD	Increasing a short position	180,000	5.2213 USD
10p ordinary	CFD	Increasing a short position	70,000	5.2213 USD
10p ordinary	CFD	Increasing a short position	125,994	5.2311 USD
10p ordinary	CFD	Reducing a short position	184,922	5.2606 USD
10p ordinary	CFD	Increasing a short position	300,000	5.2756 USD
10p ordinary	CFD	Reducing a short position	165,386	5.3002 USD
10p ordinary	CFD	Reducing a short position	493,154	5.3389 USD
10p ordinary	CFD	Opening a long position	180	5.3513 USD
10p ordinary	CFD	Opening a long position	661,358	5.3513 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:	28 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