Form 8.5 (EPT/RI) - Smith

GoldmanSachs International

08 May 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:	07 May 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	6,662,084 18,427	3.7160 GBP 4.5987 USD	3.4040 GBP 4.5986 USD
10p ordinary	Sales	8,210,807	5.6199 GBP	3.3900 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	Reducing a short position	500,000	3.4027 GBP
10p ordinary	CFD	Reducing a short position	230,802	3.4790 GBP
10p ordinary	CFD	Reducing a short position	11,160	3.4790 GBP
10p ordinary	CFD	Reducing a short position	58,038	3.4790 GBP
10p ordinary	CFD	Reducing a short position	111,629	3.5154 GBP
10p ordinary	CFD	Increasing a long position	11,236	3.5496 GBP
10p ordinary	CFD	Increasing a long position	11,099	3.5514 GBP
10p ordinary	CFD	Reducing a short position	500,000	3.5537 GBP
10p ordinary	CFD	Opening a short position	1,557	3.5583 GBP
10p ordinary	CFD	Opening a short position	1,386	3.5583 GBP
10p ordinary	CFD	Opening a short position	26,438	3.5583 GBP
10p ordinary	CFD	Opening a short position	9,838	3.5583 GBP
10p ordinary	CFD	Reducing a short position	250,724	3.5654 GBP
10p ordinary	CFD	Reducing a short position	12,124	3.5654 GBP
10p ordinary	CFD	Reducing a short position	63,048	3.5654 GBP
10p ordinary	CFD	Reducing a short position	8,160	3.5675 GBP
10p ordinary	CFD	Reducing a short position	3,840	3.5675 GBP
10p ordinary	CFD	Reducing a short position	6,058	3.5675 GBP
10p ordinary	CFD	Reducing a short position	33	3.5675 GBP
10p ordinary	CFD	Reducing a short position	23	3.5675 GBP
10p ordinary	CFD	Reducing a short position	12,866	3.5675 GBP
10p ordinary	CFD	Reducing a long position	4,574	3.5801 GBP
10p ordinary	CFD	Reducing a long position	508	3.5801 GBP
10p ordinary	CFD	Reducing a long position	545	3.5801 GBP
10p ordinary	CFD	Reducing a long position	677	3.5801 GBP
10p ordinary	CFD	Increasing a short position	1,943	3.5801 GBP
10p ordinary	CFD	Reducing a long position	1,497	3.5803 GBP
10p ordinary	CFD	Reducing a long position	388	3.5918 GBP
10p ordinary	CFD	Reducing a long position	669	3.5933 GBP
10p ordinary	CFD	Reducing a long position	3,816	3.5975 GBP
10p ordinary	CFD	Reducing a long position	2,375	3.5975 GBP
10p ordinary	CFD	Reducing a long position	761	3.5975 GBP
10p ordinary	CFD	Reducing a long position	527	3.5975 GBP
10p ordinary	CFD	Increasing a short position	5,445	3.5978 GBP
10p ordinary	CFD	Reducing a long position	343	3.5982 GBP
10p ordinary	CFD	Reducing a short position	4,079	3.5985 GBP
10p ordinary	CFD	Reducing a short position	239	3.5985 GBP
10p ordinary	CFD	Reducing a short position	6,433	3.5985 GBP
10p ordinary	CFD	Reducing a short position	375	3.5985 GBP
10p ordinary	CFD	Increasing a short position	1,318	3.6026 GBP
10p ordinary	CFD	Reducing a short position	2,254	3.6029 GBP
10p ordinary	CFD	Reducing a long position	1,675	3.6044 GBP
10p ordinary	CFD	Opening a short position	22,325	3.6044 GBP
10p ordinary	CFD	Increasing a short position	750	3.6044 GBP
10p ordinary	CFD	Increasing a short position	824	3.6054 GBP
10p ordinary	CFD	Increasing a short position	15,352	3.6054 GBP
10p ordinary	CFD	Increasing a short position	3,888	3.6054 GBP
10p ordinary	CFD	Increasing a short position	3,857	3.6054 GBP
10p ordinary	CFD	Increasing a short position	33,515	3.6054 GBP
10p ordinary	CFD	Increasing a short position	2,716	3.6054 GBP
10p ordinary	CFD	Increasing a short position	16,091	3.6054 GBP
10p ordinary	CFD	Opening a short position	3,891	3.6061 GBP
10p ordinary	CFD	Opening a short position	3,466	3.6061 GBP
10p ordinary	CFD	Opening a short position	66,094	3.6061 GBP
10p ordinary	CFD	Opening a short position	24,594	3.6061 GBP
10p ordinary	CFD	Reducing a long position	2,248	3.6068 GBP
10p ordinary	CFD	Reducing a short position	2,396	3.6071 GBP
10p ordinary	CFD	Opening a long position	3,581	3.6071 GBP
10p ordinary	CFD	Reducing a long position	360	3.6097 GBP
10p ordinary	CFD	Reducing a long position	332	3.6101 GBP
10p ordinary	CFD	Reducing a short position	6,668	3.6159 GBP
10p ordinary	CFD	Reducing a short position	68	3.6159 GBP
10p ordinary	CFD	Reducing a long position	2,138	3.6181 GBP
10p ordinary	CFD	Reducing a long position	306	3.6191 GBP
10p ordinary	CFD	Reducing a long position	355	3.6277 GBP
10p ordinary	CFD	Increasing a short position	6,410	3.6292 GBP
10p ordinary	CFD	Increasing a short position	45,449	3.6292 GBP
10p ordinary	CFD	Reducing a long position	1,443	3.6315 GBP
10p ordinary	CFD	Reducing a long position	1,674	3.6323 GBP
10p ordinary	CFD	Reducing a long position	373	3.6331 GBP
10p ordinary	CFD	Reducing a long position	4,039	3.6333 GBP
10p ordinary	CFD	Reducing a long position	740	3.6344 GBP
10p ordinary	CFD	Reducing a long position	2,927	3.6365 GBP
10p ordinary	CFD	Reducing a long position	402	3.6366 GBP
10p ordinary	CFD	Reducing a long position	2,780	3.6373 GBP
10p ordinary	CFD	Reducing a long position	402	3.6373 GBP
10p ordinary	CFD	Increasing a short position	22,415	3.6376 GBP
10p ordinary	CFD	Reducing a long position	11,984	3.6388 GBP
10p ordinary	CFD	Reducing a long position	2,923	3.6391 GBP
10p ordinary	CFD	Reducing a long position	21,390	3.6394 GBP
10p ordinary	CFD	Reducing a long position	31,306	3.6395 GBP
10p ordinary	CFD	Reducing a long position	20,229	3.6397 GBP
10p ordinary	CFD	Reducing a long position	158,745	3.6414 GBP
10p ordinary	CFD	Reducing a long position	782	3.6427 GBP
10p ordinary	CFD	Reducing a long position	4,949	3.6438 GBP
10p ordinary	CFD	Reducing a long position	8,147	3.6486 GBP
10p ordinary	CFD	Reducing a long position	35,937	3.6542 GBP
10p ordinary	CFD	Opening a short position	552,800	3.6595 GBP
10p ordinary	CFD	Increasing a short position	412	3.6603 GBP
10p ordinary	CFD	Reducing a long position	9,352	3.6689 GBP
10p ordinary	CFD	Reducing a short position	61,400	3.6693 GBP
10p ordinary	CFD	Reducing a short position	3,956	3.6700 GBP
10p ordinary	CFD	Reducing a short position	125,994	3.6731 GBP
10p ordinary	CFD	Reducing a long position	1,180	3.6754 GBP
10p ordinary	CFD	Increasing a short position	4,455	3.6854 GBP
10p ordinary	CFD	Reducing a short position	20,172	3.6981 GBP
10p ordinary	CFD	Increasing a short position	124,339	3.7085 GBP
10p ordinary	CFD	Reducing a short position	2,385	4.5959 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:	08 May 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