Form 8.5 (EPT/RI) - SMITH DS

GoldmanSachs International
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:

(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 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 the offer?

     If it is a cash offer or possible cash offer, state "N/A"

YES - disclosing today for INTERNATIONAL PAPER COMPANY and disclosed previously for 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

18,424,276
687,600

3.9720 GBP
5.0281 USD

3.8400 GBP
5.0026 USD

10p ordinary

Sales

14,956,930

4.0497 GBP

3.8200 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

13,465

3.8401 GBP

10p ordinary

CFD

Reducing a short position

50,000

3.8491 GBP

10p ordinary

CFD

Increasing a short position

75,000

3.8507 GBP

10p ordinary

CFD

Opening a short position

72,198

3.8508 GBP

10p ordinary

CFD

Opening a short position

45,798

3.8508 GBP

10p ordinary

CFD

Increasing a short position

150,000

3.8527 GBP

10p ordinary

CFD

Opening a short position

64,756

3.8585 GBP

10p ordinary

CFD

Opening a short position

660,302

3.8600 GBP

10p ordinary

CFD

Opening a short position

39,200

3.8631 GBP

10p ordinary

CFD

Opening a short position

100,800

3.8631 GBP

10p ordinary

CFD

Opening a short position

300,000

3.8643 GBP

10p ordinary

CFD

Reducing a short position

259

3.8648 GBP

10p ordinary

CFD

Reducing a short position

2,563

3.8653 GBP

10p ordinary

CFD

Increasing a short position

29,843

3.8656 GBP

10p ordinary

CFD

Increasing a short position

224,823

3.8656 GBP

10p ordinary

CFD

Opening a short position

718,936

3.8656 GBP

10p ordinary

CFD

Increasing a short position

207,530

3.8656 GBP

10p ordinary

CFD

Opening a short position

657,057

3.8656 GBP

10p ordinary

CFD

Opening a short position

23,240

3.8666 GBP

10p ordinary

CFD

Opening a short position

2,880

3.8666 GBP

10p ordinary

CFD

Opening a short position

1,586

3.8666 GBP

10p ordinary

CFD

Opening a short position

1,441

3.8666 GBP

10p ordinary

CFD

Opening a short position

83,996

3.8669 GBP

10p ordinary

CFD

Reducing a short position

11,004

3.8677 GBP

10p ordinary

CFD

Reducing a short position

124,636

3.8677 GBP

10p ordinary

CFD

Reducing a short position

280,000

3.8692 GBP

10p ordinary

CFD

Reducing a short position

265,000

3.8692 GBP

10p ordinary

CFD

Reducing a short position

250,000

3.8692 GBP

10p ordinary

CFD

Increasing a long position

704

3.8700 GBP

10p ordinary

CFD

Reducing a short position

250,000

3.8762 GBP

10p ordinary

CFD

Opening a short position

960

3.8788 GBP

10p ordinary

CFD

Opening a short position

15,494

3.8788 GBP

10p ordinary

CFD

Opening a short position

1,920

3.8788 GBP

10p ordinary

CFD

Opening a short position

1,058

3.8788 GBP

10p ordinary

CFD

Reducing a short position

74,250

3.8949 GBP

10p ordinary

CFD

Reducing a short position

750

3.8949 GBP

10p ordinary

CFD

Reducing a short position

300,000

3.9012 GBP

10p ordinary

CFD

Reducing a short position

2,678

3.9024 GBP

10p ordinary

CFD

Increasing a short position

75,000

3.9027 GBP

10p ordinary

CFD

Increasing a short position

83,996

3.9045 GBP

10p ordinary

CFD

Increasing a short position

83,996

3.9066 GBP

10p ordinary

CFD

Increasing a short position

30,200

3.9075 GBP

10p ordinary

CFD

Opening a short position

10,570

3.9172 GBP

10p ordinary

CFD

Opening a short position

9,603

3.9172 GBP

10p ordinary

CFD

Opening a short position

154,930

3.9172 GBP

10p ordinary

CFD

Opening a short position

19,198

3.9172 GBP

10p ordinary

CFD

Reducing a short position

98,889

3.9324 GBP

10p ordinary

CFD

Reducing a short position

135,000

3.9395 GBP

10p ordinary

CFD

Increasing a short position

44,355

3.9433 GBP

10p ordinary

CFD

Increasing a short position

34,056

3.9441 GBP

10p ordinary

CFD

Reducing a long position

919

3.9442 GBP

10p ordinary

CFD

Opening a short position

366,738

3.9463 GBP

10p ordinary

CFD

Reducing a short position

768

3.9550 GBP

10p ordinary

CFD

Increasing a short position

145,708

3.9574 GBP

10p ordinary

CFD

Reducing a short position

350,000

3.9598 GBP

10p ordinary

CFD

Reducing a short position

200,000

3.9608 GBP

10p ordinary

CFD

Increasing a short position

377,403

3.9624 GBP

10p ordinary

CFD

Reducing a short position

725

3.9632 GBP

10p ordinary

CFD

Increasing a short position

89,347

3.9647 GBP

10p ordinary

CFD

Increasing a short position

91,167

3.9660 GBP

10p ordinary

CFD

Increasing a short position

42,615

3.9660 GBP

10p ordinary

CFD

Reducing a long position

1,010

3.9666 GBP

10p ordinary

CFD

Reducing a long position

3,256

3.9666 GBP

10p ordinary

CFD

Opening a short position

343,800

5.0026 USD

10p ordinary

CFD

Increasing a short position

343,800

5.0281 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 March 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.

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END
 
 

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