Last checked at 11 Apr 2024 14:32
Amendment - due to the amendment of Equity transactions, the disclosure made on 05 April for dealings on 04 April has been updated. Section 2(a) has been updated.
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: | 04 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 | 7,870,237 | 4.2692 GBP | 4.0100 GBP |
10p ordinary | Sales | 5,754,886 | 4.1360 GBP | 4.0070 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 | 30,012 | 4.0076 GBP |
10p ordinary | CFD | Increasing a short position | 250,000 | 4.0280 GBP |
10p ordinary | CFD | Increasing a short position | 300,000 | 4.0591 GBP |
10p ordinary | CFD | Reducing a short position | 200,000 | 4.0595 GBP |
10p ordinary | CFD | Increasing a short position | 7,700 | 4.0650 GBP |
10p ordinary | CFD | Increasing a short position | 500,000 | 4.0714 GBP |
10p ordinary | CFD | Increasing a short position | 6,072 | 4.0754 GBP |
10p ordinary | CFD | Reducing a short position | 101,000 | 4.0821 GBP |
10p ordinary | CFD | Reducing a short position | 101,000 | 4.0821 GBP |
10p ordinary | CFD | Increasing a short position | 5,000 | 4.0828 GBP |
10p ordinary | CFD | Opening a short position | 690 | 4.0847 GBP |
10p ordinary | CFD | Opening a short position | 753 | 4.0847 GBP |
10p ordinary | CFD | Opening a short position | 12,596 | 4.0847 GBP |
10p ordinary | CFD | Opening a short position | 1,540 | 4.0847 GBP |
10p ordinary | CFD | Opening a short position | 234 | 4.0909 GBP |
10p ordinary | CFD | Opening a short position | 480 | 4.0909 GBP |
10p ordinary | CFD | Opening a short position | 3,936 | 4.0909 GBP |
10p ordinary | CFD | Opening a short position | 216 | 4.0909 GBP |
10p ordinary | CFD | Increasing a short position | 161,606 | 4.0920 GBP |
10p ordinary | CFD | Increasing a short position | 250,000 | 4.1001 GBP |
10p ordinary | CFD | Increasing a short position | 6,342 | 4.1058 GBP |
10p ordinary | CFD | Increasing a short position | 13,954 | 4.1059 GBP |
10p ordinary | CFD | Reducing a long position | 12,283 | 4.1059 GBP |
10p ordinary | CFD | Reducing a long position | 7,325 | 4.1059 GBP |
10p ordinary | CFD | Reducing a long position | 225 | 4.1062 GBP |
10p ordinary | CFD | Reducing a long position | 3,999 | 4.1071 GBP |
10p ordinary | CFD | Increasing a short position | 477,196 | 4.1080 GBP |
10p ordinary | CFD | Increasing a short position | 156,346 | 4.1080 GBP |
10p ordinary | CFD | Reducing a long position | 3,567 | 4.1081 GBP |
10p ordinary | CFD | Increasing a short position | 104,025 | 4.1136 GBP |
10p ordinary | CFD | Increasing a short position | 750 | 4.1160 GBP |
10p ordinary | CFD | Increasing a short position | 24,000 | 4.1160 GBP |
10p ordinary | CFD | Reducing a short position | 45,000 | 4.1199 GBP |
10p ordinary | CFD | Reducing a short position | 5,000 | 4.1293 GBP |
10p ordinary | CFD | Opening a short position | 392,595 | 4.1312 GBP |
10p ordinary | CFD | Increasing a short position | 14,215 | 4.1314 GBP |
10p ordinary | CFD | Reducing a long position | 27,999 | 5.2054 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: | 11 April 2024 |
| Contact name: | Papa Lette and Andrzej Szyszka |
| Telephone number: | +33(1) 4212 1459 / +48(22) 317 4817 |
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 +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.