Form 8.5 (EPT/RI)

Citigroup Global Markets Limited

28 March 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:	Citigroup Global Markets Limited
(b) Name of offeror/offeree in relation to whose relevant securities this form relates:  Use a separate form for each offeror/offeree	Mondi plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Smith (DS) plc
(d) Date dealing undertaken:	27 March 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 this offer?  If it is a cash offer or possible cash offer, state "N/A"	Smith (DS) plc & 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
EUR 0.22 ordinary	Sale	620,866	GBP 14.2450	GBP 13.9100
EUR 0.22 ordinary	Sale	115	ZAR 331.2310	ZAR 331.2310
EUR 0.22 ordinary	Purchase	115	ZAR 331.2310	ZAR 331.2310
EUR 0.22 ordinary	Purchase	433,710	GBP 14.1750	GBP 13.9250

(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
EUR 0.22 ordinary	TRS	Reducing Long Position	1,874	GBP 13.9679
EUR 0.22 ordinary	TRS	Increasing Long Position	6,252	GBP 14.0545
EUR 0.22 ordinary	TRS	Increasing Long Position	24,020	GBP 14.1114
EUR 0.22 ordinary	TRS	Increasing Long Position	23,605	GBP 14.1207
EUR 0.22 ordinary	TRS	Increasing Long Position	15,903	GBP 14.1231
EUR 0.22 ordinary	TRS	Increasing Long Position	14,867	GBP 14.1258
EUR 0.22 ordinary	TRS	Increasing Long Position	15,917	GBP 14.1476
EUR 0.22 ordinary	TRS	Increasing Short Position	67,500	GBP 13.9487
EUR 0.22 ordinary	TRS	Increasing Short Position	54,000	GBP 14.0142
EUR 0.22 ordinary	TRS	Increasing Short Position	56,754	GBP 14.1508
EUR 0.22 ordinary	TRS	Reducing Short Position	15,185	GBP 13.9756
EUR 0.22 ordinary	TRS	Reducing Short Position	446	GBP 14.0119
EUR 0.22 ordinary	TRS	Reducing Short Position	1,530	GBP 14.0147
EUR 0.22 ordinary	TRS	Reducing Short Position	72	GBP 14.0492
EUR 0.22 ordinary	TRS	Reducing Short Position	2	GBP 14.0500
EUR 0.22 ordinary	TRS	Reducing Short Position	8,472	GBP 14.0688
EUR 0.22 ordinary	TRS	Reducing Short Position	137	GBP 14.0994
EUR 0.22 ordinary	TRS	Reducing Short Position	12,455	GBP 14.1412
EUR 0.22 ordinary	TRS	Reducing Long Position	605	GBP 13.9871
EUR 0.22 ordinary	TRS	Opening Long Position	220,000	GBP 13.9252

(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 March 2024
Contact name:	Craig Watson
Telephone number:	02890 409 605

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [e-mail]. The Panels Market Surveillance Unit is available for consultation in relation to the Codes dealing disclosure requirements on [phone].

The Code can be viewed on the Panels website at www.thetakeoverpanel.org.uk.

 

END