Form 8.5 (EPT/RI) - SMITH

GoldmanSachs International

10 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:	SMITH (DS) PLC
(d) Date dealing undertaken:	09 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

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	7,934,471 300,000	3.6820 GBP 4.5988 USD	3.6000 GBP 4.5988 USD
10p ordinary	Sales	6,378,058 767,264	3.6820 GBP 4.5700 USD	3.6000 GBP 4.5075 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	Increasing a short position	878	3.6001 GBP
10p ordinary	CFD	Reducing a long position	1,488	3.6003 GBP
10p ordinary	CFD	Reducing a long position	2,096	3.6005 GBP
10p ordinary	CFD	Increasing a short position	7,075	3.6177 GBP
10p ordinary	CFD	Reducing a long position	969	3.6181 GBP
10p ordinary	CFD	Reducing a long position	603	3.6181 GBP
10p ordinary	CFD	Reducing a long position	192	3.6181 GBP
10p ordinary	CFD	Reducing a long position	133	3.6181 GBP
10p ordinary	CFD	Increasing a short position	47,725	3.6208 GBP
10p ordinary	CFD	Reducing a short position	49,144	3.6222 GBP
10p ordinary	CFD	Increasing a short position	202,275	3.6232 GBP
10p ordinary	CFD	Reducing a short position	31,556	3.6240 GBP
10p ordinary	CFD	Increasing a long position	930	3.6245 GBP
10p ordinary	CFD	Increasing a short position	1,200,000	3.6272 GBP
10p ordinary	CFD	Reducing a long position	118,314	3.6313 GBP
10p ordinary	CFD	Reducing a long position	861	3.6383 GBP
10p ordinary	CFD	Reducing a long position	536	3.6383 GBP
10p ordinary	CFD	Reducing a long position	173	3.6383 GBP
10p ordinary	CFD	Reducing a long position	120	3.6383 GBP
10p ordinary	CFD	Increasing a short position	152,280	3.6397 GBP
10p ordinary	CFD	Reducing a long position	2,395	3.6423 GBP
10p ordinary	CFD	Reducing a long position	1,490	3.6423 GBP
10p ordinary	CFD	Reducing a long position	478	3.6423 GBP
10p ordinary	CFD	Reducing a long position	331	3.6423 GBP
10p ordinary	CFD	Reducing a long position	17,080	3.6487 GBP
10p ordinary	CFD	Reducing a long position	10,629	3.6487 GBP
10p ordinary	CFD	Reducing a long position	3,402	3.6487 GBP
10p ordinary	CFD	Reducing a long position	2,354	3.6487 GBP
10p ordinary	CFD	Reducing a long position	1,528	3.6511 GBP
10p ordinary	CFD	Reducing a long position	951	3.6511 GBP
10p ordinary	CFD	Reducing a long position	306	3.6511 GBP
10p ordinary	CFD	Reducing a long position	211	3.6511 GBP
10p ordinary	CFD	Reducing a long position	6,664	3.6538 GBP
10p ordinary	CFD	Reducing a long position	4,147	3.6538 GBP
10p ordinary	CFD	Reducing a long position	1,327	3.6538 GBP
10p ordinary	CFD	Reducing a long position	918	3.6538 GBP
10p ordinary	CFD	Reducing a long position	13,604	3.6541 GBP
10p ordinary	CFD	Reducing a long position	9,416	3.6541 GBP
10p ordinary	CFD	Reducing a long position	42,492	3.6541 GBP
10p ordinary	CFD	Reducing a long position	4,357	3.6541 GBP
10p ordinary	CFD	Reducing a long position	2,711	3.6541 GBP
10p ordinary	CFD	Reducing a long position	867	3.6541 GBP
10p ordinary	CFD	Reducing a long position	600	3.6541 GBP
10p ordinary	CFD	Reducing a long position	2,693	3.6721 GBP
10p ordinary	CFD	Reducing a long position	1,676	3.6721 GBP
10p ordinary	CFD	Reducing a long position	535	3.6721 GBP
10p ordinary	CFD	Reducing a long position	371	3.6721 GBP
10p ordinary	CFD	Increasing a short position	200,000	3.6740 GBP
10p ordinary	CFD	Reducing a short position	4,316	3.6789 GBP
10p ordinary	CFD	Reducing a short position	34,380	4.5076 USD
10p ordinary	CFD	Opening a long position	732,884	4.5700 USD
10p ordinary	CFD	Opening a short position	300,000	4.5988 USD
10p ordinary	SWAP	Reducing a short position	113	4.5226 USD
10p ordinary	SWAP	Opening a short position	113	4.5226 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:	10 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